Its been a downward spiral for Euro-Bunds, and bonds since last year. We have two monthly SSB at 153.60 and 152.40 so looking to play an early bounce here. Its catching knives so position size should be reduced and only add when confirmed. Buy stop as always just above Friday's close. Ultimate target is 162.50 giving R of 5.
sl below low (if price break low,can start new down trend,so dont remove SL)
this gap must fill soon or late
advice= for next days looking for buy on germany index dax gold silver(have powerful buy signal now) ,,,,looking for sell on nasdaq until 13300 then looking buy
99.99% eurobond will fill gap 1 soon (can take 7 day)
70% will fill gap 2(upper gap
we advice stand on buy side, dont pick sell signals,looking for buy until 177
and buy gold and silver too (in april )
In case Bund fails at Kijun, and can't recapture the bullish trend, it will drop to 173-173,60 zone into the cloud.
Watch for further indication of momentum: a cross down of haDelta+ and haOscillator at their mid lines would be a bearish indication.
The same is true for US 10y Note (ZN) with 138'05 possible short term target. Surprisingly the two move together...
I like to compare the currency euro with its bond market the bund. Why?
Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect...