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10yearnote

Bearish Looking 10Y US Notes Can Push USDJPY HigherHello traders! Today we will talk about 10Y US Notes and its negative correlation with USDJPY. 10Y US Treasury yields keeps pointing lower, as we see a bearish triangle formation within wave 4 correction that can send the price even lower for wave 5. If that's the case, then respecting correlations, USDJPY can see more gains for wave 5, as we also see a bullish triangle pattern within wave 4. As you can see, triangle, a continuation pattern can be approaching the end, as we see the final subwave "e" in progress, so ahead of NFP report, be aware of that final 5th wave before we will see reversals. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CBOT:ZNZ2021
by ew-forecast
2
TNX - 10 Year Note Yield / High to Highs FIB Wave ExtensionsThe 10Yr Yield is performing as indicated. The Reversal is trading the Trend Line and FIB Extensions to near perfection. Beyond the 1Hr, which is a better TF to illustrate the Price action - The Daily continues to remain in Strength within the trend. The Trade Plan has a break of the 1.7650 Highs as the Catalyst for the test of the Equity Complex 200SMAs. Given the Complexity of this Counter-Trend, Equites could continue to rise as Yields Rise for the Short Term. _________________________________________________________________________ The current Environment is dis-similar to 2016 when Yields and Equities were rising. Traders cite this as a non-conditional similarity and are using it to Echo. It is entirely dis-similar and not a confirmation by any metric. The Markets in 2016 were fueled by a Tax Cut, a Give-away for the very Wealthy and Corporations. Since March of 2020, Price action has been fueled entirely by the "V" Shaped Recovery narrative - Supported by $10s of Trillions in DEBT - Daylight and Shadow. The Meme's for Buying are far and wide - Fundamentally, they are almost always, without exception - Incorrect - Fundamentals do matter, Debt matters, Solvency matters... This abject degeneracy will meet its maker in 2022 as 5/5 concludes. Never in the History of the US Equity Complex has Factual Reality been this distorted. It will end with the Equities Markets down 50% - 90% IMHO. _________________________________________________________________________ During Powell's Friday discussion, his admission "Inflation is not Transitory, but here to stay longer than the Federal Reserve had Initially indicated..." Any Human purchasing Food & Energy was far ahead of this malaise from Chair Powell. Inflation Fears will need to be calmed for there not to be a Panic event, we indicated it would be Supply Shortages devolving into a 30%+ Price increase. Historically - this is the trigger of prior Inflations throughout History. _________________________________________________________________________ The Hourly indicated it is time to pay attention to a return to Fill at least one of the GAPs below and backtest the lower trendline, the overthrow appears to be short-term exhaustion. This would provide the NQ with room for a retest of the recent highs @ 15483, well short of our Price Objectives Between 15513/17.
TVC:TNX
by HK_L61