MNI: RIKSBANK LEAVES KEY RATE UNCHANGED AT 3.75%

MNI BRIEF: China To Hold Key Third Plenum On July 15-18

MNI Brief: China Third Plenum To Deepen Reforms

MNI: PBOC Net Injects CNY80 Bln Via OMO Thurs; Rates Unchanged

CHINA PBOC CONDUCTS CNY100 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1270 Thurs; -0.78% Y/Y

Thedeen Does Not Commit To Cut In August, Depends on Data

EZ/UK Bond Supply Calendar: BoE APF on Monday

External Demand An Upside Risk to Riksbank Rate Path

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z3) Approaching Resistance

SCHATZ TECHS
  • RES 4: 105.560 High Sep 1
  • RES 3: 105.440 High Sep 4
  • RES 2: 105.372 76.4% Fibonacci retracement Sep 1 - 21 downleg
  • RES 1: 105.335 High Nov 2 and key resistance
  • PRICE: 105.320 @ 05:52 GMT Nov 29
  • SUP 1: 105.096 50-day EMA
  • SUP 2: 104.915 Low NOv 27 and a key support
  • SUP 3: 104.880/765 Low Oct 20 / Sep 21 and the bear trigger
  • SUP 4: 104.720 2.00 proj of the Aug 24 - 30 - Sep 1 price swing

Schatz futures reversed course Monday and the cross has continued to appreciate. The continuation higher has exposed resistance at 105.335, the Nov 2 high and a bull trigger. Clearance of this hurdle would strengthen a bullish theme and confirm a resumption of the bull cycle that started Sep 21. This would open 105.372, 76.4% retracement of the Sep 1 - 21 downleg. On the downside, initial firm support to watch lies at 105.096, the 50-day EMA.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

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.