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May 01, 2018 22:39 GMT
MNI Asian Morning FI Technical Analysis
2 May 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) Bulls Need Close Above 97.795
*RES 4: 97.904 - 200-DMA
*RES 3: 97.865 - High Apr 10
*RES 2: 97.833 - 55-DMA
*RES 1: 97.795 - High Apr 16
*PRICE: 97.780 @ 2130GMT
*SUP 1: 97.760 - Alternating daily support/resistance
*SUP 2: 97.730 - Repeated daily resistance now support
*SUP 3: 97.675 - 2018 Low Apr 24
*SUP 4: 97.605 - 2015 Low Dec 15 2015
*COMMENTARY: Hesitation ahead of 2018 & 2+yr lows has resulted in a correction
back towards 97.795. Bulls need a close above 97.795 to confirm traction above
the 21-DMA (97.769) & shift focus back to 97.833-865 where 55 (97.833) & 100
(97.836) DMAs are situated. Initial support is noted at 97.760 with bears now
needing a close below to ease pressure on 97.795 and below 97.730 to initially
pressure 2018 lows.
AUSSIE 10-YR TECHS: (M18) Bulls Need Close Above 200-WMA
*RES 4: 97.3600 - High Apr 9
*RES 3: 97.3097 - 200-WMA
*RES 2: 97.2792 - 200-DMA
*RES 1: 97.2600 - High Apr 18
*PRICE: 97.2050 @ 2130GMT
*SUP 1: 97.2000 - Hourly support Apr 30
*SUP 2: 97.1500 - High Apr 24 now support
*SUP 3: 97.0800 - Low Feb 21
*SUP 4: 97.0688 - Weekly Bull channel base off 2008 Low
*COMMENTARY: Hesitation ahead of the 97.0450-0800 support region has resulted in
a correction that now sees immediate focus on 97.2600-3097 where the 200-WMA is
located. Bulls now need a close above the 200-WMA to shift initial focus to
97.4000-4400. Correcting O/S daily studies remain the key concern for bears.
Bears now look for a close below 97.1500 to retain initial focus on 2018 lows.
US 10-YR FUTURE TECHS: (M18) Bears Need Close Back Below 119-09
*RES 4: 120-06+ 55-DMA
*RES 3: 120-06+ High Apr 19
*RES 2: 120-02+ Low Apr 18 now resistance
*RES 1: 119-29+ High Apr 20
*PRICE: 119-13 @ 2130GMT
*SUP 1: 119-09 High Apr 25 now support
*SUP 2: 118-31 2018 Low Apr 25
*SUP 3: 118-24 Low Apr 13 2011
*SUP 4: 117-29+ Monthly Low Apr 8 2011
*COMMENTARY: O/S daily studies look to be impacting with the contract closing
last week above 119-14+. Bulls now look for a close above Y120-06+ to initially
target a correction back to 120-21+/24. Bulls take comfort in the 119-09 level
supporting Friday with bears needing a close below to retain initial focus on
retests of 2018 lows and overall focus on 117-22+/118-24 where the weekly bear
channel base and 2011 low are located.
US 10-YR YIELD TECHS: Above 3.073 To Target 3.183-223
*RES 4: 3.041 - 2014 High Jan 2
*RES 3: 3.035 - 2018 High Apr 25
*RES 2: 3.018 - Hourly support Apr 26 now resistance
*RES 1: 2.988 - High Apr 27
*PRICE: 2.968 @ 2130GMT
*SUP 1: 2.934 - Low Apr 30
*SUP 2: 2.925 - Hourly support Apr 20
*SUP 3: 2.904 - Low Apr 20
*SUP 4: 2.876 - High Apr 18 now support
*COMMENTARY: Hesitation ahead of 2014 highs & 3.041-073 is a concern given daily
studies correcting from O/B and the proximity of the Bollinger top (3.041). The
close below 3.007 initially targets a correction to 2.925. Below 2.925 is needed
to shift initial focus back to 2.814-877 where 21 (2.877) & 55 (2.864) DMAs are
situated. Bulls look for a close above 3.073 to shift focus 3.183-223 where the
weekly bull channel top is noted.
JGB TECHS: (M18) Bulls Now Need Close above 150.95
*RES 4: 151.15 - 2018 High Mar 2
*RES 3: 151.06 - High Mar 12
*RES 2: 151.03 - High Apr 12
*RES 1: 150.95 - Low Apr 12 now resistance
*PRICE: 150.93 @ 2130GMT
*SUP 1: 150.85 - Hourly support May 1
*SUP 2: 150.70 - Alternating daily support/resistance
*SUP 3: 150.68 - 200-DMA
*SUP 4: 150.52 - Alternating daily support/resistance
*COMMENTARY: Bulls take comfort in the close above the 55-DMA (150.85) with
bulls now looking for a close above 150.95 to confirm initial focus on 151.03-06
where monthly highs are located. Bears now need a close below 150.85 to ease
immediate bullish pressure and below 150.70 to shift focus back to 150.36-52
where recent 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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