$DXY & $TNX & Rates show signs of exhaustion
The US #Dollar has pulled back a bit:
At MAJOR SUPPORT
At Green Moving Avg = Support
RSI is at 50 (neutral bullish unless crosses lower)
Weekly
DXY
is 50-50
The RSI is curling over but the MACD is now above 0 = down trend over
Hmmm, interesting scenario
Not sure what to make of it Monthly
#currency
-------------------------------
The 2Yr #Yield broke the recent up trend.
While it has performed better than shorter term #interestrates it's gotten weaker recently.
The RSI & MACD have been trending lower for some time and it's much easier to see on a weekly! Look @ that Severe Negative Divergence!
Could rates be DONE?
-------------------------------
The 10 Yr #Yield on the other hand has built good deal of steam lately.
Weekly it is overbought.
Monthly it's overbought as well. But what is interesting is that the MACD has only been higher 1x than current scenario.
MACD histogram lower (arrow) = future MACD neg crossover?
However, it's nowhere near as weak as short term #interestrates
TNX
At MAJOR SUPPORT
At Green Moving Avg = Support
RSI is at 50 (neutral bullish unless crosses lower)
Weekly
DXY
is 50-50 The RSI is curling over but the MACD is now above 0 = down trend over
Hmmm, interesting scenario
Not sure what to make of it Monthly
#currency
-------------------------------
The 2Yr #Yield broke the recent up trend.
While it has performed better than shorter term #interestrates it's gotten weaker recently.
The RSI & MACD have been trending lower for some time and it's much easier to see on a weekly! Look @ that Severe Negative Divergence!
Could rates be DONE?
-------------------------------
The 10 Yr #Yield on the other hand has built good deal of steam lately.
Weekly it is overbought.
Monthly it's overbought as well. But what is interesting is that the MACD has only been higher 1x than current scenario.
MACD histogram lower (arrow) = future MACD neg crossover?
However, it's nowhere near as weak as short term #interestrates
TNX