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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

US 10YR FUTURE TECHS
  • RES 4: 137-29+ High Jan 6
  • RES 3: 137-18+ Low Dec 16 and 50-day EMA
  • RES 2: 137-07+ Low Dec 4
  • RES 1: 137-05 20-day EMA
  • PRICE: 137-01 @ 17:27 GMT Jan 22
  • SUP 1: 136-16 Low Jan 14
  • SUP 2: 136-01 Low Jan 12
  • SUP 3: 135-25+ 76.4% of the Mar - Aug rally
  • SUP 4: 135-08 23.6% 2018-2020 Rally

Treasuries are holding onto recent gains. The pace of the recent recovery from 136-01, Jan 12 low appears to be slowing. The climb is still considered a correction that has allowed an oversold trend reading to unwind. MA studies continue to point south reinforcing a bearish theme. Resistance is at 137-07+, Dec 4 low with the 20-day EMA just below at 137-05. A break of 137-07+ would allow for a stronger recovery. The bear trigger is 136-01.