US10Y The 1D MA50 is the key. So far rejected.

Dec 22, 2022

The U.S. Government Bonds 10YR Yield (US10Y) has gone a long way since our top prediction two months ago and the update 5 days ago (4H time-frame):

Now back to the 1D time-frame, the price has started rising since the December 07 Low, exactly at the bottom (Higher Lows trend-line) of the long-term Channel Up, around the 1D MA100 (green trend-line). So far this is quite similar to the early August rise. The 1D RSI has hit the 1 year Support Zone twice, again as in the last (August 02) Higher Low.

In order to extend selling the US10Y, we ideally need to see the 1D MA200 (orange trend-line) break, which is holding as Support since December 29 2021, and in that case we will target initially the 2.510% (August 02 Low) Support and then the 1W MA100 (red trend-line).

A closing above the 1D MA50 (blue trend-line) though, should restore the long-term bullish trend and will be our buy break-out signal to enter and target the 4.340% (October 21 High) Resistance. So far the 1D MA50 seems to get rejected.


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