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Market News Topics
January 21, 2018 20:29 GMT
MNI Asian Morning FI Technical Analysis
22 January 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Bears Focused On 2015 Low
*RES 4: 97.815 - 21-DMA
*RES 3: 97.780 - High Jan 17
*RES 2: 97.760 - Low Jan 17 now resistance
*RES 1: 97.730 - High Jan 19
*PRICE: 97.705 @ 2030GMT
*SUP 1: 97.690 - 2018 Low Jan 19
*SUP 2: 97.605 - 2015 Low Dec 12
*SUP 3: 97.550 - Low Dec 3 2014
*SUP 4: 97.520 - Low Nov 28 2014
*COMMENTARY: Losses continue for the contract with it remaining heavy having
been capped by the 21-DMA the past two weeks. The break below 2017 lows (97.720)
sees bears focused on tests of the 2015 low. Layers of resistance building adds
weight to the bearish case. Bulls now look for a close above 97.780 to gain
breathing room and above 97.855 to confirm a break of the 21-DMA and targeting a
correction back to $97.910-960.
AUSSIE 10-YR TECHS: (H18) Below 97.0750 To Pressure 2017 Lows
*RES 4: 97.2800 - Hourly support Jan 3 now resistance
*RES 3: 97.2200 - Hourly support Jan 17 now resistance
*RES 2: 97.2000 - Hourly resistance Jan 18
*RES 1: 97.1550 - High Jan 19
*PRICE: 97.1250 @ 2030GMT
*SUP 1: 97.0900 - Monthly Low Oct 3
*SUP 2: 97.0750 - Monthly Low Sept 21
*SUP 3: 96.9875 - 2017 Low Mar 10
*SUP 4: 96.9650 - Monthly Low Dec 7
*COMMENTARY: The contract is looking a little heavy with immediate bearish focus
confirmed on 97.0750-0900 where monthly lows are situated and a close below to
pressure 2017 lows. Resistance layers accumulating are weighing with O/S studies
the key concern for bears. Bulls now need a close above 97.1550 to gain
breathing room and hint at a correction back to 97.2702-4000 where key DMAs are
situated.
US 10-YR FUTURE TECHS: (H18) Initial Focus On 120-25+/121-22+
*RES 4: 123-05+ Highs Jan 11 & 16
*RES 3: 122-30 Hourly resistance Jan 17
*RES 2: 122-22 Hourly support Jan 17 now resistance
*RES 1: 122-20 Low Jan 12 now resistance
*PRICE: 122-04 @ 2030GMT
*SUP 1: 121-22+ Monthly Low July 1 2011
*SUP 2: 120-25+ Low Apr 29 2011
*SUP 3: 119-24 Low Apr 21 2011
*SUP 4: 118-24 Low Apr 13 2011
*COMMENTARY: Topside hesitation has taken its toll with repeated fresh 2018 and
6+ year lows that see bears focused on 120-25+/121-22+. The Bollinger base
(122-12+) is a concern for bears and recently limited follow through. Bulls now
need a close above 122-22 to ease bearish pressure and hint at a correction back
to 123-05+/123-20. Bears still need a close below 121-22+ to add weight to their
case.
US 10-YR YIELD TECHS: 2.692 Resistance Key This Week
*RES 4: 2.821 - Monthly High Mar 7 2014
*RES 3: 2.748 - High Apr 22 2014
*RES 2: 2.692 - Monthly High July 3 2014
*RES 1: 2.663 - 2018 High Jan 19
*PRICE: 2.639 @ 2030GMT
*SUP 1: 2.613 - Low Jan 19
*SUP 2: 2.585 - Low Jan 18
*SUP 3: 2.571 - Hourly resistance Jan 17 now support
*SUP 4: 2.541 - Hourly support Jan 17
*COMMENTARY: Fresh 2018 & 3+ year highs sees immediate bullish focus on 2.692
last seen mid 2014. Bulls now look for a close above 2.692 to confirm focus on
2.763-821 where the daily bull channel top situated. O/B studies and the
Bollinger top (2.6223) remain concerns for bulls. Bears now need a close below
2.613 to ease immediate bullish pressure and below 2.571 to hint at a correction
back to 2.489-522 where the 21-DMA is noted.
JGB TECHS: (H18) Bulls Need Close Above 150.40
*RES 4: 150.77 - 55-DMA
*RES 3: 150.63 - 200-DMA
*RES 2: 150.56 - High Jan 15
*RES 1: 150.40 - High Jan 19
*PRICE: 150.39 @ 2030GMT
*SUP 1: 150.23 - Bollinger band base
*SUP 2: 150.19 - Low Oct 23
*SUP 3: 150.08 - Monthly Low Oct 3
*SUP 4: 150.06 - Low July 20
*COMMENTARY: The lack of follow through on Friday's 3mth lows is less than ideal
for bears as daily studies look to correct from modestly O/S levels. Initial
resistance is now noted at 150.40 with bulls needing a close above 150.40 now to
gain breathing room. Overall a close above the 200-DMA is needed to end bearish
hopes and shift initial focus to 150.75-84 where 55 & 100-DMAs 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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