Londinia Opportunities Analyses - 05/07/2024 (GMT) 2Y TNOTE FULL0924 - 1H

2Y TNOTE FULL0924
- USD (-)
- 10 min delayed data - CBOT Futures
Type: Futures
Ticker: ZTXXXX
ISIN: ZTXXXX

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 101.71953 USD
My targets
101.79297 USD (+0.04%)
101.94141 USD (+0.19%)
My analysis
The basic bullish trend is very strong on 2Y TNOTE FULL0624 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 101.71953 USD. Crossing the first resistance at 101.79297 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 101.94141 USD as an objective. Crossing it would then enable buyers to target 102.58984 USD. Caution, a return to below 101.71953 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7

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Additional analysis

Quotes

2Y TNOTE FULL0624 rating 101.75000 USD. The price has increased by +0.02% since the last closing with the lowest point at 101.69531 USD and the highest point at 101.76172 USD. The deviation from the price is +0.05% for the low point and -0.01% for the high point.

101.69531
101.76172
101.75000

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by 2Y TNOTE FULL0624:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this 2Y TNOTE FULL0624 chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 101.48203 101.60156 101.71953 101.75000 101.79297 101.94141 102.58984
Change (%) -0.26% -0.15% -0.03% - +0.04% +0.19% +0.83%
Change -0.26797 -0.14844 -0.03047 - +0.04297 +0.19141 +0.83984
Level Intermediate Major Minor - Intermediate Major Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.59896101.65105101.68880101.74089101.77864101.83073101.86848
Camarilla101.70185101.71009101.71833101.72656101.73480101.74303101.75127
Woodie101.59180101.64747101.68164101.73731101.77148101.82715101.86132
Fibonacci101.65105101.68537101.70657101.74089101.77521101.79641101.83073


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard100.77474101.04166101.39974101.66666102.02474102.29166102.64974
Camarilla101.58594101.64323101.70052101.75781101.81510101.87239101.92969
Woodie100.82031101.06445101.44531101.68945102.07031102.31445102.69531
Fibonacci101.04166101.28041101.42791101.66666101.90541102.05291102.29166


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard100.24088100.77473101.14323101.67708102.04558102.57943102.94793
Camarilla101.26357101.34629101.42901101.51172101.59444101.67715101.75987
Woodie100.15820100.73339101.06055101.63574101.96290102.53809102.86525
Fibonacci100.77473101.11943101.33239101.67708102.02178102.23474102.57943

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 56.65
MACD (12,26,9): 0.0041
Directional Movement: 8.83132
AROON (14): 57.14286
DEMA (21): 101.73904
Parabolic SAR (0,02-0,02-0,2): 101.69794
Elder Ray (13): 0.01277
Super Trend (3,10): 101.76696
Zig ZAG (10): 101.75000
VORTEX (21): 0.9626
Stochastique (14,3,5): 84.31
TEMA (21): 101.73035
Williams %R (14): -17.65
Chande Momentum Oscillator (20): 0.03906
Repulse (5,40,3): 0.0190
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.00
MA7: 101.59487
MA20: 101.55820
MA50: 102.00133
MA100: 102.51809
MAexp7: 101.73909
MAexp20: 101.73337
MAexp50: 101.70509
MAexp100: 101.64300
Price / MA7: +0.15%
Price / MA20: +0.19%
Price / MA50: -0.25%
Price / MA100: -0.75%
Price / MAexp7: +0.01%
Price / MAexp20: +0.02%
Price / MAexp50: +0.04%
Price / MAexp100: +0.11%

Quotes : - 10 min delayed data - Futures CBOT