US 30 YEARS-THE TREND IS YOUR FRIEND...

2022년 4월 17일

QUARTERLY (Q1)

78.6 % Fibonacci extension @ 2.8750 & filled (high being 2.9290%.

RSI still converging to the upside

LAGGING LINE attempting to cross over the TS

Next resistance area in this quarterly time frame is the CLOUDS AREA, between 3.23% and 3.87%; 3.4650 % being the former high of November 2018


MONTHLY (M1)

Ongoing monthly clouds breakout in great progress (ongoing long white candle)

RSI still converging to the upside and the LAGGING LINE, currently in the middle of the clouds resistance area but already, well above TS, KS and MBB.

LONG TERM STRATEGIC VIEW :

Only a strong reversal below, firstly the Tenkan-Sen @ 2.30%, secondly below the MBB @ 2'03% (mddle of the monthly clouds too) and thirdly below the Kijun-Sen @ 1.82 % would force a view reassessment in the long term strategic view.

WEEKLY (W1)

RSI still converging to the upside

LAGGING LINE far above the clouds, KS and TS

FIRST SIGNIFICANT SUPPORT LEVEL ON THIS WEEKLY PICTURE IS @ 2.50% ahead of 2.30%

DAILY (D1)

RSI still converging to the upside.

LAGGING LINE far above the clouds, KS and TS

Watch TS @ 2.69 % ahead of the important cluster of KS and MBB @ 2.63%

INTRADAY PICTURE :

4 HOURS (H4)

First significant support area in this 4 hours time frame is the cluster of TS, MBB and KS, (2.85 % - 2.80 %)

A successful breakout of the 2.80 % level, (on 4 hours closing basis), would be the first signal of a potential short term reversal since the positive move which started on the April 5th, with a long white candle (bullish signal) which broke up successively MBB, TS and KS and since then, which managed to hold above those 3 lines which were the former resistance area and which are now the new intraday support zone.

On shorter time frames, as H1, the 2.80% level previously mentioned in H4 match with the hourly clouds support area and therefore corroborate the implication previously mentioned.

Indeed a sustainable move below 2.80% would put the focus on the 2.69% - 2.63% support area mentioned in the Daily comment.

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IRONMAN8848 – Jean-Pierre Burki