Type: Bearish DropKey Levels:Resistance: 147'30Pivot: 146'27Support: 145'23Preferred Case: We see the potential for bearish drop from our Pivot level at 147'30 in line 23.6% Fibonacci retracement towards our 1st support level at 148'24 in line with 78.60% Fibonacci projection and 161.8% Fibonacci extension is. Our bearish bias is supported by how price is moving below the Ichimoku indicator.Alternative Scenario:If price breaks out, it can potentially move towards our 1st resistance level at 147'30 which is in line with 100% Fibonacci projection and horizontal swing high resistance. Fundamentals: Economic risks from inflation and tightening monetary policy causes bearish sentiments around the bonds market.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/t-bond-futures-zb1-h1-bearish-drop"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.