Global 10-Year Yields – The Bigger Picture – 20 June 2024
Please find attached the long term technical analysis outlook on global benchmark 10 year bond yields.
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US 10 YEAR WEEKLY
VIEW RETAINED: PQ MEDIUM TERM COMPLEX CORRECTION INTO 2025.
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Level: 4.25%
GERMANY 10 YEAR WEEKLY
VIEW RETAINED: P*Q* WEDGE TO CONTAIN MEDIUM TERM MARKET ACTION INTO 2025
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Level: 2.42 %
UK 10 YEAR WEEKLY
VIEW RETAINED: PQ MEDIUM TERM COMPLEX CORRECTION INTO 2025
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Level: 4.13%
Red Line: “Roadmap” – A visual representation of proba-ble future price action. A perforated red line suggest various proba-ble outcomes with the perforated line being
Blue Line: Trend Lines that constitute important sup-port / resistance or break levels
TA – Target area
MA – Moving average
R – Resistance
RA – Resistance area
MR – Minor Resistance
MS – Minor Support
MTR – Medium Term Resistance
MTS – Medium Term Support
SA – Support Area
S – Support
T – Target
* or ** – Significance of level
The intention of this analysis is to give the reader a visual picture of the most probable price path that could develop over time. This is enhanced by adding crucial levels where the proposed view becomes dubious and needs to be re-assessed (or confirmed). The benefit of this approach is that of an easy to understand and almost instantaneous grasp of the analysts view. This kind of analysis is not intended to be exact in predicting levels, and especially timing of moves, but to give a more general probability view that is easily understandable and unambiguous. The proposed “roadmap” gets adjusted over time as new price information becomes available. All technical views have re-assessment or negation levels where the proposed preference is no longer valid or needs to be re-assessed.