We are going to look at the weekly and daily time frames.
WEEKLY (W1)
Last week price action triggered a "Dark Cloud Cover" pattern (bearish !) with its weekly closing level
below the Tenkan-Sen and the cluster (Kijun-Sen & MBB) and also already within the weekly clouds support area.
RSI below 50, @ 47'98
This Dark Cloud Cover pattern neutralized the previous white candle (harami), I mentioned as a first warning signal in my previous analysis
(see related ideas below) and therefore the door is reopen to the downside towards former low of 1.34% first and then probably lower.
DAILY (D1)
Currently in an ongoing downtrend channel since the failure to upside breakout the clouds on a daily closing basis (Nov 29th).
Below the clouds, the Kijun-Sen, the MBB and the Tenkan-Sen.
RSI below 50 @ 42.44
The daily picture does not look very encouraging for the upcoming trading sessions and it is likely to see further downside towards 1.34% first and then
towards the bottom line of the ongoing downtrend channel.
38.2% Fib ret @ 1.22%, 50% @ 1.05% and 61.8% @ 0.88%
In order to neutralise this ongoing (yield) downside pressure the US 10 Years should recover at least above 1.50 % - 1.55 %
Ironman8848 & Jean-Pierre Burki
WEEKLY (W1)
Last week price action triggered a "Dark Cloud Cover" pattern (bearish !) with its weekly closing level
below the Tenkan-Sen and the cluster (Kijun-Sen & MBB) and also already within the weekly clouds support area.
RSI below 50, @ 47'98
This Dark Cloud Cover pattern neutralized the previous white candle (harami), I mentioned as a first warning signal in my previous analysis
(see related ideas below) and therefore the door is reopen to the downside towards former low of 1.34% first and then probably lower.
DAILY (D1)
Currently in an ongoing downtrend channel since the failure to upside breakout the clouds on a daily closing basis (Nov 29th).
Below the clouds, the Kijun-Sen, the MBB and the Tenkan-Sen.
RSI below 50 @ 42.44
The daily picture does not look very encouraging for the upcoming trading sessions and it is likely to see further downside towards 1.34% first and then
towards the bottom line of the ongoing downtrend channel.
38.2% Fib ret @ 1.22%, 50% @ 1.05% and 61.8% @ 0.88%
In order to neutralise this ongoing (yield) downside pressure the US 10 Years should recover at least above 1.50 % - 1.55 %
Ironman8848 & Jean-Pierre Burki
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.
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.