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...
The price has reached increasing channel's bottom
Resistance has turned into support
positive divergence in RSI and CCI (daily chart)
positive hidden divergence in RSI and CCI (monthly chart)
Time divergence (monthly chart)
RSI has broken trend line (daily chart)
RSI has moved from oversold area
ES/BUND is reaching its resistance and all-time high
Price target...
After an analisys, on the weekly we can see how the price shape a bullish harami.
Going on the daily chart we can see that the price action in trend has started with a doji that will be a resistance point.
Now we are a bit late with time for entry but the price pierced 38,2% Fibo.
Anyway, I think we can go long with first target at the other Fibo level at 164,78...
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...
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...
