US10Y Huge Bearish Divergence on RSI calls a drop!
The U.S. Government Bonds 10YR Yield formed Lower Highs on its 1D RSI while the price action has been trading on Higher Highs. This is a major Bearish Divergence that technically calls for a price reversal to the downside.
What's even more interesting is that every time the same RSI Bearish Divergence has been formed in the past 12 months, the US10Y always pulled-back and hit its 1D MA50 (blue trend-line). This is currently at 3.563 (and rising).
A reversal on the bond yields can have a major impact on the financial markets, especially ahead of next week's Fed Rate Decision, as it is negatively correlated with stocks and Gold.
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What's even more interesting is that every time the same RSI Bearish Divergence has been formed in the past 12 months, the US10Y always pulled-back and hit its 1D MA50 (blue trend-line). This is currently at 3.563 (and rising).
A reversal on the bond yields can have a major impact on the financial markets, especially ahead of next week's Fed Rate Decision, as it is negatively correlated with stocks and Gold.
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
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