US 10 Yr. T-NOTE Trade Ideas & Technical Analysis

bond technical analysis

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

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

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

The nearest support is 118.24 & the resistance is at 125.50.

US 10 YR. T-NOTE was trading in the down channel before the breakout downside.

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

In the weekly charts, US 10 YR. T-NOTE was trading in a down channel. 10 YR. T-NOTE is currently trading below 50 and 100 days SMA & above 20 days SMA.

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

The nearest support is 119.31 & the resistance is at 121.13.

US 10 YR. T-NOTE was trading in the down channel before the 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 120.28, TAKE PROFIT AT 119.31 AND STOP LOSS AT 121.13

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