Kumowizard

Meanwhile in Italy... (BTP/Bund)

Long
5
Weekly:
Not much change, bullish consolidation right below key resistance zone of 1,35-1,40

Daily:
- Bullish Kumo breakout? Forward Ichimoku structure (both spot and forward components) has bullish bias. Note that both Kijun Sen and 100wma point up!
- Minor pull back seems to be over. Couldn't even reach 127-130 bps support. It looks like Mr. Market doesn't believe in a dovish ECB now.
Heikin-Ashi gives buy signal (DMO needs to confirm)
- MACD signal: consolidation
- EWO is bullish, histogram ticks higher

Please read my previous post too about Bono/Bund spread

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.