10 year T-Note - Bullish signal at Kijun and Kumo support
FYI I put on the continous contract this time on both time frames (Ichimoku components look a bit different on daily compared to ZNM2015 chart, but Price reffers to the same front contract)
Weekly:
- Trend is still bullish until Price holds above Kumo and horizontal bullish support: 127,29. upper resistance is ard 131,75.
- There is some slowdown in the bullish trend: last week Price could not make a higher high, this week the candle is red, but don't forget the candle closes only on Friday! Price is still above weekly Kijun Sen (128,41). Also watch haDelta/SMA3 if makes a new bullish cross above zero line.
Daily:
- Ichimoku setup is trying to firm more bullish: Chikou Span tries to break above Kumo, and we also have possible a bullish Senkou Span cross (future Kumo twist)
- Heikin Ashi gives a buy signal after Price tested Kijun Sen and Kumo support yesterday. Further bullish confirmation would be a Price cross back above Tenkan Sen (129,35) and haDelta/SMA3 move back above zero line.
- Strong bullish acceleration can take place above 130
Notes:
German Bund is trading at record low yield at 0,137 bps. Correction looms in equity markets (some risk off sentiment) USD strength may face some headwinds at range top. US to publish retail sales and PPI today.
Weekly:
- Trend is still bullish until Price holds above Kumo and horizontal bullish support: 127,29. upper resistance is ard 131,75.
- There is some slowdown in the bullish trend: last week Price could not make a higher high, this week the candle is red, but don't forget the candle closes only on Friday! Price is still above weekly Kijun Sen (128,41). Also watch haDelta/SMA3 if makes a new bullish cross above zero line.
Daily:
- Ichimoku setup is trying to firm more bullish: Chikou Span tries to break above Kumo, and we also have possible a bullish Senkou Span cross (future Kumo twist)
- Heikin Ashi gives a buy signal after Price tested Kijun Sen and Kumo support yesterday. Further bullish confirmation would be a Price cross back above Tenkan Sen (129,35) and haDelta/SMA3 move back above zero line.
- Strong bullish acceleration can take place above 130
Notes:
German Bund is trading at record low yield at 0,137 bps. Correction looms in equity markets (some risk off sentiment) USD strength may face some headwinds at range top. US to publish retail sales and PPI today.
