30 year Bonds are now at the top end of a multi-year downward channel. Keep in mind that bonds do tend to follow channels and trend lines over the long term. If this channel holds bonds may be in for significant selling into 2020 and beyond all the way down to the bottom of the channel.
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So far after periods of long consolidation, the ZB has targetting the 1.618-2.0 fibonacci extension of the prior peak to trough distance. If we apply the same logic here, the move up might just be mid-way now.
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Hi friends! Welcome to this analysis on the T-Bond futures contracts! Let's get right to it! Looking at the weekly T-Bonds, we can see that price has been exploding to the upside. However, T-Bonds are waaaaaay overbought right now. In fact, we are in record high RSI territory on the weekly chart. So, what does that tell us? Well, if we look at the last few times...
The yield factor of bonds affects the USD directly. Now you do not have to know all this! And so falling bond price because of low yield = falling USD, Rising Bond yield & price = Rising USD.
However, Because of trade war , investors are holding there investment into less risky assets, Currently Gold and Bitcoin and Bonds.
Expecting Bond to continue bullish
T-Bonds completing the 1st stage of the reversal, at resistance at the 152 level. If it breaks the 150 level comes into play. This trade is a Reversal Trade because it is against the fundamental backdrop and market momentum, and is a play on the market getting over extended on the long side.