TNX has been trading within a 1M Channel Down since 2000 up until January 2018 when it broke the pattern upwards. The mini uptrend found Resistance on the MA200 and has been declining for the past 7 months. We are currently on the most support tests of all, as it has touched the 2000 Channel's Lower High trend line and will test it as a Support for the first time....
The Federal Reserve Bank of the US meeting this week,
will highlight important price changes in interest rates.
10 Year Yield's TNX as shown
are currently on a Red Bar Breakdown,on the Line/Break Chart
in advance of this important policy meeting by the Fed.
Analysis shows that a break of very important chart support at 255.4 %,
would immediately target an...
TNX 10 Year Long Term Interest Rates topped in early Dec.2018, near 3.25 %,
when the majority thought the 10 year yield could reach back to 4 % this year.
Bond Trader's saw something dark on the horizon that forced the Fed's hand,
in Jan.2019, with the Fed' change to now "patient" on further rate increase this year.
They had planned two more .25 % rate increases...