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Market News Topics
March 27, 2018 21:21 GMT
MNI Asian Morning FI Technical Analysis
28 March 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) 97.905-98.015 Resistance Region Now Key
*RES 4: 97.958 - Daily Bear channel top off 2017 high
*RES 3: 97.937 - 200-DMA
*RES 2: 97.935 - High Mar 15
*RES 1: 97.899 - 100-DMA
*PRICE: 97.875 @ 2030GMT
*SUP 1: 97.810 - Hourly support Mar 23
*SUP 2: 97.745 - Low Mar 21
*SUP 3: 97.705 - 2018 Low Jan 31
*SUP 4: 97.604 - 2015 Low Dec 15 2015
*COMMENTARY: The recovery from 2mth lows has gain traction above the 55-DMA
(97.837) and broken 97.870 which sees focus back on 97.905-98.015 where key
WMAs, the 200-DMA and daily bear channel top are noted. Bulls look for a close
above 98.015 to confirm breaks and shift initial focus to 98.110-130. The 97.810
support is key this week with bears now needing a close below to return focus to
97.690-745.
AUSSIE 10-YR TECHS: (M18) Pressure On 2018 High & 100-WMA
*RES 4: 97.5200 - Monthly High Dec 4
*RES 3: 97.5000 - High Dec 8
*RES 2: 97.4691 - 100-WMA
*RES 1: 97.3850 - 2018 High Jan 8
*PRICE: 97.3750 @ 2030GMT
*SUP 1: 97.3550 - High Mar 23 now support
*SUP 2: 97.2967 - 200-DMA
*SUP 3: 97.2750 - Alternating hourly support/resistance
*SUP 4: 97.2013 - 55-DMA
*COMMENTARY: The contract has found support around the 200-DMA this week
providing the impetus for a rally that is pressuring 2018 highs. Bulls look for
a close above the 100-WMA to confirm a break and a shift in initial focus to
97.5000-5200 where Dec highs are located. Initial support is now noted at
97.3550 but bears look for a close below the 200-DMA to hint at a correction
back to the 55-DMA.
US 10-YR FUTURE TECHS: (M18) Above 121-01+ Targets 122-02/19+
*RES 4: 122-19+ 21-WMA
*RES 3: 122-09+ 100-DMA
*RES 2: 122-02 Monthly High Feb 6
*RES 1: 121-01+ High Feb 7
*PRICE: 121+00 @ 2030GMT
*SUP 1: 120-26+ 55-DMA
*SUP 2: 120-11 Low Mar 26 & 27
*SUP 3: 120-08+ 21-DMA
*SUP 4: 120-03 Low Mar 22
*COMMENTARY: The break of the 55-DMA sees immediate pressure on 121-01+ with
bulls needing a close above this level to shift focus to 122-02/19+ where Feb
highs, the 100-DMA and 100-WMA are found. The Bollinger band top (120-26+) is
the key concern for bulls. Bears now need a close below the 55-DMA to gain
breathing room and below the 21-DMA to shift focus back to 119-14/21+.
US 10-YR YIELD TECHS: Closes Below 55-DMA
*RES 4: 2.936 - High Feb 21
*RES 3: 2.859 - High Mar 27
*RES 2: 2.815 - Low Mar 26
*RES 1: 2.799 - Hourly support Mar 27 now resistance
*PRICE: 2.775 @ 2030GMT
*SUP 1: 2.758 - Low Feb 7
*SUP 2: 2.648 - Monthly Low Feb 6
*SUP 3: 2.609 - Low Jan 24
*SUP 4: 2.602 - 100-DMA
*COMMENTARY: The yield remains heavy having closed below the 55-DMA (2.780) for
the first time since Dec. Bears now look for a close below 2.758 to confirm
traction below the 55-DMA and initially target 2.585-648 where the 100-DMA is
located. The Bollinger base (2.788) is the key concern for bears. Layers of
resistance are weighing with bulls now needing a close above 2.815 to gain
breathing room and above 2.859 to shift focus higher.
JGB TECHS: (M18) Immediate Focus On 151.13-19
*RES 4: 151.15 - 2018 High Mar 2
*RES 3: 151.13 - Bollinger band top
*RES 2: 151.06 - High Mar 12
*RES 1: 150.93 - Low Mar 26 now resistance
*PRICE: 150.89 @ 2030GMT
*SUP 1: 150.82 - Low Mar 22
*SUP 2: 150.73 - High Mar 14 now support, Bull channel base
*SUP 3: 150.71 - Bollinger band base
*SUP 4: 150.62 - 200-DMA
*COMMENTARY: The recovery from 200-DMA tests that defined last week is now in a
little trouble with the failure around 151.06 leaving it looking a little heavy.
Bears need a close below 150.82 to shift focus back to layers of support
150.55-73 where 55, 100 & 200-DMAs are located. Bulls now need a close above
151.06 to reconfirm initial focus on 151.13-19 where the Bollinger top, 2018
high and Nov monthly high are located.
--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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