The U.S. Government Bonds 2 YR Yield (US02Y) is testing its 1W MA50 (blue trend-line) for the first time since May 31 2021. The 1W RSI is on the very same Lower Highs trend-line rejection that it was during the December 17 2018 1W MA50 test!
Needless to say this shows that the price is on a critical point as when it broke in Dec 2018, a downtrend followed that...
The U.S. Government Bonds 10YR Yield (US10Y) has been trading within a Channel Down pattern ever since the October 21 2022 High and even though there might be a Diverging Channel Up (dashed lines) emerging, the current level makes a strong Resistance cluster.
With the 1D RSI also rejected twice on its Higher Highs trend-line, we are turning bearish on the US10Y...
The U.S. Government Bonds 10YR Yield (US10Y) has been trading within a Channel Down pattern ever since the October 21 2022 High and even though there might be a Diverging Channel Up (dashed lines) emerging, the current levels and the fact that it has failed to break higher in the last five 1D candles, make it a strong Resistance cluster.
With the 1D RSI also on...
The U.S. Government Bonds 10YR Yield ( US10Y ) has gone a long way since our top prediction two months ago and the update 20 days ago (4H time-frame):
Now back to the 1D time-frame, the price is exactly at the bottom (Higher Lows trend-line) of the long-term Channel Up, below the 1D MA100 (green trend-line), which is where the last bottom was priced. The...
The U.S. Government Bonds 10YR Yield (US10Y) has gone a long way since our top prediction a month ago:
As you see, the Lower Highs 1D RSI Bearish Divergence, accurately projected the top and the price broke much lower than the 1D MA50. On a short-term horizon, as long as it fails to close above the 4H MA50 (blue trend-line), we will be targeting the 1D MA100...
The U.S. Government Bonds 10 YR Yield (US10Y) confirmed our huge Bearish Divergence spotted on our October 25 analysis and started the first pull-back since July:
The price is now below the 1D MA50 (blue trend-line) for the first time since August 19 and today is testing it as a Resistance. A double candle close above the 1D MA50, restores the bullish trend...
The U.S. Government Bonds 10YR Yield formed Lower Highs on its 1D RSI while the price action has been trading on Higher Highs. This is a major Bearish Divergence that technically calls for a price reversal to the downside.
What's even more interesting is that every time the same RSI Bearish Divergence has been formed in the past 12 months, the US10Y always...
The U.S. Government Bonds 10 YR Yield (US10Y) has been on a pull-back in the past 2 weeks and is close to testing the 1D MA50 (blue trend-line) again. This held last time upon contact on May 26 and constitutes the first Support. We may have a Channel Up pattern in formation and the 1D MA50 sits almost exactly on its Higher Lows (bottom) trend-line. A 1D candle...
The US Government Bonds 10 YR Yield, broke last month above a historic Lower Highs trend-line that has been holding since September 1981. This chart is on the 1M (monthly) time-frame. By doing so, it also broke above the 1M MA200 (orange trend-line) for the first time in history as well.
Even though it hasn't broken above the previous Lower High of November 2018,...
The US10Y is following exactly the pattern of October - November 2021. After a strong Channel Up, it broke to the downside, below the 1D MA50 (blue trend-line) and marginally under the Support of the Channel Up first Low.
Based on the November pattern, the price should decline for the rest of the month, making a Lower Low below the Support and quite likely near...
