EDGE Chart of the Day – 10Yr Notes ZN (January 30th, 2024)

<div><p><div><h2 itemprop="headline">Most Important Chart Ahead of Tomorrow. </h2><div><div></div></div></div><br />
<section itemscope="itemscope" itemtype="https://schema.org/BlogPosting" itemprop="blogPost"><div itemprop="text"><p>Tomorrow we will have a lot of information and data given to the market. Everything from the QRA (quarterly refunding announcement) from the Treasury to know what the allocation (or mix) of supply will be for the market between bills/notes/bonds. Then we will have private jobs data from the ADP. Following that we will have the ECI (employment Cost Index), then a few hours later we will hear from the Fed Chair, Jerome Powell and the FOMC.</p>
<p>In the meantime, the 10yr notes market looks poised to rally in a “bull flag pattern” setup which does suggest a continuation of note market strength and ultimately US Dollar weakness. However, a break of the 38% retracement at 110’09’ would suggest otherwise and in that case we could see the US Dollar really take off to the upside as the bond market nullifies the pattern and looks to correct further below 109’00.</p>
<p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-11089" src="https://www.forexanalytix.com/blog/wp-content/uploads/2024/01/ZN1_2024-01-30_09-07-22.png" alt="" width="1486" height="827" srcset="https://www.forexanalytix.com/blog/wp-content/uploads/2024/01/ZN1_2024-01-30_09-07-22.png 1486w, https://www.forexanalytix.com/blog/wp-content/uploads/2024/01/ZN1_2024-01-30_09-07-22-400×223.png 400w, https://www.forexanalytix.com/blog/wp-content/uploads/2024/01/ZN1_2024-01-30_09-07-22-800×445.png 800w, https://www.forexanalytix.com/blog/wp-content/uploads/2024/01/ZN1_2024-01-30_09-07-22-768×427.png 768w, https://www.forexanalytix.com/blog/wp-content/uploads/2024/01/ZN1_2024-01-30_09-07-22-705×392.png 705w, https://www.forexanalytix.com/blog/wp-content/uploads/2024/01/ZN1_2024-01-30_09-07-22-450×250.png 450w" sizes="(max-width: 1486px) 100vw, 1486px" /></p>
<p>Blake Morrow</p>
<p>Our EDGE <a href="https://www.forexanalytix.com/blog/category/technical-analysis/chart-of-the-day/">“Chart of the Day”</a> feature highlights standout technical analysis patterns and price moves. This type of analysis could be helpful if you are interested in our Trader Funding Program where you can also join an elite group of traders at Forex Analytix, <a href="https://traderfundingprogram.com/?ref=blake">click here to learn more</a>. Trade our money, take 75% of the gains and none of the risk.</p>
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</div></section></p></div><section itemscope="itemscope" itemtype="https://schema.org/BlogPosting" itemprop="blogPost"><div itemprop="text"><p>Blake Morrow</p>
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<p>The post <a href="https://www.forexanalytix.com/blog/chart-of-the-day-jan-30th-2024/">EDGE Chart of the Day – 10Yr Notes ZN (January 30th, 2024)</a> appeared first on <a href="https://www.forexanalytix.com/blog">ForexAnalytix – Blog</a>.</p>