FXEMPIRE
All

30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – August 6, 2015 Forecast

James Hyerczyk
Daily September 30-Year U.S. Treasury Bonds
Daily September 30-Year U.S. Treasury Bonds

September 30-Year U.S. Treasury Bonds finished lower on Wednesday. The move could’ve been triggered by position-squaring ahead of Friday’s U.S. Non-Farm Payrolls report, or it could’ve been fueled by aggressive shorting in anticipation of a bullish report and a possible rate hike by the Fed in September.

Daily September 30-Year U.S. Treasury Bonds

Technically, the main trend is up according to the daily swing chart, but momentum is pointing lower.

Earlier in the week, T-Bonds ran into resistance at 157’30. This high fell inside a major retracement zone at 156’10 to 158’13.

The short-term range is 153’13 to 157’30. Its 50% level or pivot at 155’22 is controlling the short-term direction of the market.

Crossing to the weak side of the pivot at 155’22 will signal the presence of sellers. This could trigger a break into the next uptrending angle at 154’21. This is followed by the main bottom at 153’13. A trade through this bottom will change the main trend to down.

The main range is 148’05 to 157’30. Its retracement zone is 153’02 to 151’29. A trade through 153’13 will likely trigger a move into this retracement zone. An uptrending angle passes through this zone at 152’21, making it a valid downside target also.

A sustained move over the pivot at 155’22 will indicate the presence of buyers. Recapturing the uptrending angle at 155’29 will indicate that the buying is getting stronger. The next pivot price over 155’29 is the major 50% level at 156’10. Overtaking this level with conviction targets another steep uptrending angle at 157’05.

A sustained move over 157’05 could create enough upside momentum to test the minor top at 157’30 and the major Fibonacci level at 158’13.

The trigger point for a strong surge to the upside is 158’13.

Based on the close at 155’21, the direction of the market today will be determined by trader reaction to the short-term pivot at 155’22.

Start watching for signs of increased volatility and read the price action and order flow at 155’22. 

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US