Free Trial
KRW

Familiar Themes Still Driving Won Gains

US TSYS

Firmer On Tuesday, Midterms On Deck

AUSSIE 10-YEAR TECHS

(Z2) Primary Trend Direction Remains Down

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

(Z2) Bear Trend Extends

SCHATZ TECHS
  • RES 4: 107.840 High Sep 14
  • RES 3: 107.703 20-day EMA
  • RES 2: 107.380 High Sep 20
  • RES 1: 107.035 High Sep 22
  • PRICE: 106.585 @ 06:02 BST Sep 26
  • SUP 1: 106.513 2.236 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 2: 106.379 2.382 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 3: 106.000 Round number support
  • SUP 4: 105.800 Low Nov 2008 (cont)

The Schatz futures trend direction remains down and the contract traded to a fresh trend low once again on Friday, confirming an extension of the bear cycle. This also maintains the current bearish price sequence of lower lows and lower highs with moving average studies in a bear mode position. The focus is on 106.513 next, a Fibonacci projection. On the upside, initial firm resistance is seen at 107.703, the 20-day EMA.

146 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: 107.840 High Sep 14
  • RES 3: 107.703 20-day EMA
  • RES 2: 107.380 High Sep 20
  • RES 1: 107.035 High Sep 22
  • PRICE: 106.585 @ 06:02 BST Sep 26
  • SUP 1: 106.513 2.236 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 2: 106.379 2.382 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 3: 106.000 Round number support
  • SUP 4: 105.800 Low Nov 2008 (cont)

The Schatz futures trend direction remains down and the contract traded to a fresh trend low once again on Friday, confirming an extension of the bear cycle. This also maintains the current bearish price sequence of lower lows and lower highs with moving average studies in a bear mode position. The focus is on 106.513 next, a Fibonacci projection. On the upside, initial firm resistance is seen at 107.703, the 20-day EMA.