InvestingScope

US10Y: Consolidation leading to 0.900 - 0.950.

Long
TVC:US10Y   US Government Bonds 10 YR Yield
The 10 YR Yield is posting the first red 1D candle after a strong bullish streak of 5 candles. The 1D chart turned bullish ( RSI = 64.680, MACD = 0.012, ADX = 28.379) after 2 months. Assuming the 1D MA50 supports, the price may find enough momentum to consolidate in order to post the final push towards the 0.955 Resistance. Attention is needed as the 1D RSI is waving a bearish flag (only indicator to do so), so keep stops tight.




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