The rising trend line from Dec 2013 low and June 2015 low offered support in December 2016. The nice rebound from the trend line followed by yesterday’s spike suggests the prices could test supply around 164.65 (weekly 50-MA) over the next few days. The weekly MACD has turned positive as well… the RSI is about to turn bullish as well
On thursday ECB president Mario Draghi maintains a dovish tone on rates, Bund reacted with an attempt to rally from lows of 162 and closed 162.36 that day. However that rally was short-lived as the US Dollar continued to strengthen ahead of Trump's inauguration while pushing global bond yields higher. Bund closed on a critical support level of 162, which has...
Bunds and USD/JPY are inversely correlated since June 2015. This is precisely the time when market began questioning the efficacy of the BOJ policy and Yen began to rise. Prior to June 2015, Bunds and USD/JPY pair shared a direct relationship…given that stimulus in Kapan pushed bond prices higher across the globe. 10-yr Bund prices could extend the recovery to...
#Euro-Bund is on support.. looks like `W` formation.. In this moment it's nice place to take a risk and take long with that stock.
German 10-yr Bund prices dropped to rising trend line support coming from June low and July low. Prices are attempting a rebound form the rising trend line support and the odds of a solid rebound are high, if we take into consideration the bullish price RSI divergence on the hourly and 4-hr chart. Even the MACD is suggesting the bearish momentum has run out of...
Description of Chart : After last week i am looking for a re-test of the all time highs. I feel there is upward pressure with the European Central Bank still buying bonds and there might be more of a run to bonds because of the current economic uncertainty. Target is 138.27 for next week. Website : www.lukelehepuu.com Take a look at my website. If you ever have...
Euro-Bund broke though the 61.8% retracement from the high of 154 and the level held as support. Stop loss is kept fairly tight, the price seems to be strongly moving up the channel.
The wave picture has gotten fuzzy over the past 24 hours. I am beginning to lean more towards today's high as a 'B' wave which suggests a mutli-hundred pip sell off is on the horizon. If it develops, I'll adjust the labels on the chart when counts get eliminated. Note the divergence on RSI...that is also indicative of B waves and ending waves. On a side note,...
Please leave me your comment whether you agree or disagree so we can open an discussion or if you like the chart just simply like it. Thank you for your feedback. Rising EURUSD and Bunds yields are not helping DAX to pick up momentum and gather some bullishness. As price recently broke through the support at 11200 next target could easily be 10800 (618 Fib)...
The support area in the rectangle has some unique characteristics that makes it a good place to expect the recent Bund sell-off to halt: 1- Trendline 2- 50% Retracement 3- Change of Polarity zone Until that area, I don't see any reliable support on the chart and expect the Bund price to keep falling. Good luck, Ali Sharifazadeh, CFTe
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