As seen from the chart the bond is facing resistance around the downward sloping trend-line since 1988.
At present, the bond is trading near to trend-line supply zone around the levels of 1.90 to 2.00
Around 1.80 levels lies the 50% Fibonacci levels of entire downward movement from 3.25 to 0.36.
For educational purpose
Jagrut
At present, the bond is trading near to trend-line supply zone around the levels of 1.90 to 2.00
Around 1.80 levels lies the 50% Fibonacci levels of entire downward movement from 3.25 to 0.36.
For educational purpose
Jagrut
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.