. US 10 YR. T-NOTE Price Technical Analysis Forecast - 02Nov 2022

US 10 YR. T-NOTE Price Technical Analysis Forecast – 02 Nov 2022

US 10 YR. T-NOTE Price Technical Analysis Forecast – 02 Nov 2022

02 Nov 2022

US 10 YR. T-NOTE Price Technical Analysis: Weekly Chart

In the weekly charts, US 10 YR. T-NOTE is trading in down channel. US 10 YR. T-NOTE is currently trading below all SMA.

RSI is in oversold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

The nearest support is 110.06 & the resistance is at 111.80. 

US 10 YR. T-NOTE will trade in down channel until there is a trend reversal.

US 10 YR. T-NOTE Price Technical Analysis: Daily Chart

In the daily charts, US 10 YR. T-NOTE is trading in down channel. US 10 YR. T-NOTE is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

The nearest support is 110.20 & the resistance is at 111.07. 

US 10 YR. T-NOTE was trading in down channel before there is a breakout upside.

How to Trade US 10 YR. T-NOTE this Week:

US 10 YR. T-NOTE will follow the downtrend until their trend reversal. So, remain bearish on US 10 YR. T-NOTE

TRADE SUGGESTION- SELL AT 110.71, TAKE PROFIT AT 110.20 AND STOP LOSS AT 111.07