10Y US Notes Can Be Back To Recovery ModeMar 5, 2024

10Y US Notes Can Be Back To Recovery Mode from technical point of view and from Elliott wave perspective.

10Y US Notes Futures chart with ticker ZN has been trading in an A-B-C flat correction since the beginning of 2024, but now at the beginning of March is nicely recovering away from the support. It’s actually trying to break intraday base channel resistance line, which can send it higher, especially if breaks above 111 bullish confirmation level. So, be aware of further rally, which can push USDollar Index – DXY lower and metals, like gold and silver higher. In the meantime XXX/JPY cross pairs may face weakness and we talked about Japanese Yen last week. CLICK HERE

10Y US Notes Can Be Back To Recovery Mode 10Y US NOTES FUTURES - ZN 4H Chart

For a detailed view and more analysis like this, you may want to watch below our recording of the latest live webinar streamed on March 04 2024:

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