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Market News Topics
March 18, 2018 20:54 GMT
MNI Asian Morning FI Technical Analysis
19 March 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) 55-DMA Key Support This Week
*RES 4: 97.971 - Daily Bear channel top off 2017 high
*RES 3: 97.951 - 200-DMA
*RES 2: 97.935 - High Mar 15
*RES 1: 97.905 - High Mar 16
*PRICE: 97.875 @ 2030GMT
*SUP 1: 97.860 - Low Mar 15
*SUP 2: 97.840 - 55-DMA
*SUP 3: 97.826 - Bollinger band base
*SUP 4: 97.790 - Low Feb 8
*COMMENTARY: The recovery from 55-DMA tests stalled ahead of the 97.951-990
region where the 200-DMA, 200-WMA and bear channel top off 2017 highs are noted
leaving M18 looking heavy. Bears continue to look for a close below the 55-DMA
to confirm a shift in initial focus to 97.790 and overall focus to 97.690 2018
lows. Bulls need a close above the channel top to hint at a move higher with
above 98.015 targeting 98.110-130.
AUSSIE 10-YR TECHS: (M18) Bulls Need Close Above 55-WMA
*RES 4: 97.3850 - 2018 High Jan 8
*RES 3: 97.3254 - Bollinger band top
*RES 2: 97.3183 - 55-WMA
*RES 1: 97.3058 - 200-DMA
*PRICE: 97.2800 @ 2030GMT
*SUP 1: 97.2700 - Hourly resistance Mar 15 now support
*SUP 2: 97.2350 - High Mar 9 now support
*SUP 3: 97.2156 - 21-DMA
*SUP 4: 97.1750 - Hourly resistance Feb 23 now support
*COMMENTARY: The rally from 97.1750 is hesitating around the 200-DMA with the
55-WMA and Bollinger top lurking above. Bulls continue to look for a close above
the 55-WMA to initially target 97.3850 and then 97.5200 Nov/Dec highs. Bears now
need a close below 97.2350 to ease bullish pressure and below 97.1750 to confirm
a break of the 55-DMA (97.2015) and bull channel base targeting 97.0450 2018
lows.
US 10-YR FUTURE TECHS: (M18) 120-23/121-06+ Resistance Key This Week
*RES 4: 121-06+ 55-DMA
*RES 3: 121-01+ High Feb 7
*RES 2: 120-23 High Mar 1
*RES 1: 120-14 Hourly resistance Mar 16
*PRICE: 120-11 @ 2030GMT
*SUP 1: 120-07+ Low Mar 14
*SUP 2: 120-03+ 21-DMA
*SUP 3: 119-26+ Lows Mar 6 & 9
*SUP 4: 119-21 Repeated Daily lows Feb
*COMMENTARY: The 120-23/121-06+ resistance region where the 55-DMA remains key
with the 120-23 level capping last week and reconfirming significance. Bulls
need a close above 120-23 to hint at a move to 122-02 with above the 55-DMA to
confirm. The Bollinger band top (120-19+) remains the key concern for bulls.
Bears need a close below the 21-DMA to ease pressure on resistance layers and
below 119-26+ to initially focus on 119-14.
US 10-YR YIELD TECHS: 2.883-2.957 Resistance Region Key
*RES 4: 2.925 - High Feb 27
*RES 3: 2.892 - Hourly resistance Mar 12
*RES 2: 2.883 - High Mar 13
*RES 1: 2.871 - 21-DMA
*PRICE: 2.848 @ 2030GMT
*SUP 1: 2.835 - High Mar 15 now support
*SUP 2: 2.793 - Low Mar 2
*SUP 3: 2.786 - Low Feb 9
*SUP 4: 2.758 - Low Feb 7
*COMMENTARY: The 2.758-793 support remains key and reconfirmed significance with
the correction from 2.914 finding support ahead of this region. Bears need a
close below 2.758 to end bullish hopes and shift initial focus back to 2.696-729
where the 55-DMA is noted. Bulls continue to look for a close above 2.883 to
gain breathing room with a close above 2.957 2018 highs to shift focus back to
tests of 3.041 2014 highs.
JGB TECHS: (M18) Topside Hesitation A Concern
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.15 - 2018 High Mar 2
*RES 2: 151.06 - High Mar 12
*RES 1: 150.97 - Low Mar 13 now resistance
*PRICE: 150.88 @ 2030GMT
*SUP 1: 150.85 - Hourly support Mar 16
*SUP 2: 150.73 - High Mar 14 now support
*SUP 3: 150.66 - Bollinger band base
*SUP 4: 150.62 - 200-DMA
*COMMENTARY: The recovery from 200-DMA tests that defined last week appears to
be in trouble with follow through lacking above the 21-DMA (150.89). Bulls now
need a close above 150.97 to confirm focus on layers of resistance 151.15-19.
The 150.85 support is key today. Bears now need a close below this level to
return focus to 150.55-150.73 where key DMAs are clustered. Below 150.55 is
needed to target 150.36 and then 150.08-09 where 2018 and Oct lows are noted.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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