$TNX: Early BULLISH Reversal Signal ... Confirmation pending
Friends,
I just posted a (truncated) overview of metals, Forex and commented on the probable increase in benchmark TNX - See broad analysis and forecasting in Gold, Silver, Copper, AUD, NZD, CAD, CHF here:
- tradingview.com/v/EnsiC7jW/
In essence, fundamentals are pressuring the 10-year treasuries upwards, and the predictive analysis and forecasting has defined the following two targets:
TG-1 = 3.29 - 15 APR 2014
and
TG-2 = 3.63 - 15 APR 2014.
Pattern traders might note that a 3-Drives pattern has consumed itself at the bottom (recent bottom consolidation defines the 3-Drives pattern).
OVERALL:
A relative risk analysis might be worth effecting at this point, looking for any risk-heralding IRX/TNX line inversion, and submitting the aggregate data to the predictive analysis and forecasting system. Before such quant-analysis, let me clarify that the TNX chart remains under a "Neutral" directional bias qualifier, until the bullish reversal signal gives its confirmation. However, my own directional bias at this time is neutral to bullish, based on the fundamental and technical data discussed here and in recent charts.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
Get my signals, analyses and forecasts on Twitter:
(Alias: 4xForecaster)
-------------------------------------
Disclaimer:
- All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
I just posted a (truncated) overview of metals, Forex and commented on the probable increase in benchmark TNX - See broad analysis and forecasting in Gold, Silver, Copper, AUD, NZD, CAD, CHF here:
- tradingview.com/v/EnsiC7jW/
In essence, fundamentals are pressuring the 10-year treasuries upwards, and the predictive analysis and forecasting has defined the following two targets:
TG-1 = 3.29 - 15 APR 2014
and
TG-2 = 3.63 - 15 APR 2014.
Pattern traders might note that a 3-Drives pattern has consumed itself at the bottom (recent bottom consolidation defines the 3-Drives pattern).
OVERALL:
A relative risk analysis might be worth effecting at this point, looking for any risk-heralding IRX/TNX line inversion, and submitting the aggregate data to the predictive analysis and forecasting system. Before such quant-analysis, let me clarify that the TNX chart remains under a "Neutral" directional bias qualifier, until the bullish reversal signal gives its confirmation. However, my own directional bias at this time is neutral to bullish, based on the fundamental and technical data discussed here and in recent charts.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
Get my signals, analyses and forecasts on Twitter:
(Alias: 4xForecaster)
-------------------------------------
Disclaimer:
- All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
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