US02Y: Falling Wedge, Sign of Stronger Dollar Ahead?
Hello Fellow Trader/Investor!
Price Action Analysis
US Government Bonds 2 Years Yield is moving above EMA90, indicating a bullish trend. The Falling Wedge Pattern is a bullish continuation pattern confirmed by the recent breakout. The MACD Indicator made a golden cross, signifying a possible upside movement to the target area.
Fundamental Drives
1. The Fed does not reach the 2% Inflation Target Yet
2. Hawkish Fed Position usually makes the bond yields potentially increase, which will cause a bullish dollar outlook.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the US02Y"
Price Action Analysis
US Government Bonds 2 Years Yield is moving above EMA90, indicating a bullish trend. The Falling Wedge Pattern is a bullish continuation pattern confirmed by the recent breakout. The MACD Indicator made a golden cross, signifying a possible upside movement to the target area.
Fundamental Drives
1. The Fed does not reach the 2% Inflation Target Yet
2. Hawkish Fed Position usually makes the bond yields potentially increase, which will cause a bullish dollar outlook.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the US02Y"
Dagangan aktif
Support the channel by smashing the rocket button and share your opinion in the comment section below!Dagangan ditutup: hentian tercapai
Failed Setup, The dollar has kept getting lower because of improving economic data.
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.