Get started
NeoDaNomad

Overbought US Bonds Destined for Major Correction

Short
US Government Bonds 10 YR Yield (TVC:US10Y)  
NeoDaNomad  
TVC:US10Y   US Government Bonds 10 YR Yield
Support and Resistance Supply and Demand Gann Fan EURUSD Bearish Patterns signals signal signalservice gannfann
0
0
supportandresistance supplyanddemand gannfan eurusd bearish signals signal signalservice gannfann
The Dollar's been killing everything this whole year, but I think that's about to change. This week the US 10 YR's could fall away from the high price reached in May and start falling back down towards demand. Every time frame down to the 15 minute chart --there's an ascending triangle forming just inside the supply zone on the 4hr and 15-minute charts--seems to confirm the end of the 10 YR's bullish momentum at least for the next few months, which I think will be mirrored in the Forex market as well.

The US 10 YR and EURUSD are negatively correlated, thus, a sharp fall in US 10 YR could coincide a very sharp upturn for the struggling Euro.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.