Free Trial
USDCAD TECHS

Pulls Back From Its Recent Highs

AUDUSD TECHS

Bear Flag

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U2) Outlook Remains Bullish

BOBL TECHS
  • RES 4: 130.000 Round number resistance
  • RES 3: 129.950 2.00 projection of the Jun 16 -24 - 28 price swing
  • RES 2: 129.001 1.764 projection of the Jun 16 -24 - 28 price swing
  • RES 1: 128.060/128.760 High Aug 3 / 2 and the bull trigger
  • PRICE: 127.000 @ 05:30 BST Aug 10
  • SUP 1: 126.697/450 20-day EMA / Low Jul 28
  • SUP 2: 125.913 50-day EMA
  • SUP 3: 124.030 Low Jul 21 and a reversal trigger
  • SUP 4: 123.010 Low Jun 30

Bobl futures remain in an uptrend and short-term dips are still considered corrective. Last week’s high print reinforced current trend conditions. The move higher confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. The focus is on 129.001 next, a Fibonacci projection. Key support is 124.030, Jul 21 low. A break would signal a reversal. Initial firm support is 126.450, Jul 28 low.

147 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 130.000 Round number resistance
  • RES 3: 129.950 2.00 projection of the Jun 16 -24 - 28 price swing
  • RES 2: 129.001 1.764 projection of the Jun 16 -24 - 28 price swing
  • RES 1: 128.060/128.760 High Aug 3 / 2 and the bull trigger
  • PRICE: 127.000 @ 05:30 BST Aug 10
  • SUP 1: 126.697/450 20-day EMA / Low Jul 28
  • SUP 2: 125.913 50-day EMA
  • SUP 3: 124.030 Low Jul 21 and a reversal trigger
  • SUP 4: 123.010 Low Jun 30

Bobl futures remain in an uptrend and short-term dips are still considered corrective. Last week’s high print reinforced current trend conditions. The move higher confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. The focus is on 129.001 next, a Fibonacci projection. Key support is 124.030, Jul 21 low. A break would signal a reversal. Initial firm support is 126.450, Jul 28 low.