Weekly: Strong Bullish Trend line, and broke resistance at 166.60
Daily: Strong Bullish Trendline, and found support at 166.34
4HR: Strong support at 166.34 and have held as shown by rejection at the Left side
1hr: We Buy at 166.34 and Tp at 166.58, should this level be broken by a strong bullish momentum we should expect a trend to continue to 166.89
The BundFuture has a very high level of resilience and is likely to continue to decline until the first half of 2019. This indicates that a slight increase in interest rates on 10-year German Bunds is to be expected at least in the short term.
As of mid-2019, uncertainty in the euro-area should prevail again and thus demand for the "safe" harbour of-BRD-bonds rise...
Difficult to say exactly what is playing out here in BUNDS but the grind higher of recent days/weeks is not typical of wave iii/3 dynamic action. What is clear from the chart is that Fri 20th was an outside bearish engulfing day at the recent highs. Not only that but it reversed 100 ticks from the days highs and engulfed around 5 days worth of price action which...
Here you can see where the money in the euro area flows. It is clear that a lot of money is flowing out of the euro area but within the euro area the safe havens are being sought. At the moment these are still the German government bonds and you can see that very nicely since March and yesterday's panic high of the Eurobund Futures. After a short consolidation, I...
Break of long-term pitchfork has accelerated the downside momentum and now we're at the weekly 200MA. Levels also in this area are the 2017 low set in march & the .5 fib retrace (June 2015 -> June 2016).
long time no see. here an idea
I have combine Fib on time zone with fib extension mixed with resistance and support lines.
It seems that an opportunity could be seen.
target is 164,12 and stop loss is 162,2.
Very high correlation btw EUBUND, TLT, JPYUSD, and Gold... time to go long all. With iron ore and industrial commodities starting to sell off, expect lower yields everywhere. SPX is also at risk! due to very high correlation with USDJPY
"A hawkish ECB has placed German bund yields squarely in the spotlight
Once described as the “short of a lifetime” by the likes of bond gurus Jeffrey Gundlach and Bill Gross, bets on German government bond yields, or bunds, heading higher have preoccupied the minds of investors who highlight the divergence between German and U.S. bonds.
Yet, talk of...