BUND
EURUSD Making A Pullback As Bunds Hit A SupportlineThe USD is seeing some recovery as stock market comes down where more expected weakness in the near term means that EURUSD correction can be deeper. From a technical perspective we still see bunds at the trendline support which is another reason for a pullback on EURUSD, as bund yields move down which is something that ECB wants.
Technically speaking, pullback is normal for the EURUSD as rally from April low is seen in five waves; so it's a pause on the way up it seems. Support is at 1.1940 and at the trendline, while invalidation level is clearly visible near 1.1700
Dax Sells now valid....📉🙋🏻♂️🙏Do you trade the Dax?
The long didn't quite hit TP, but closed on reverse signal and followed with the sell (check the trade history below)
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren
A happy winner trade on the 30M chart as predicted!As i mentioned earlier, the market did rally up and created a beautiful winning trade on this great market (FGBL1)...but i am sure, tomorrow early morning by 7:00 the bulls will keep the market till around 177.10 at least!
So, it is better to close the trade now as the market is reaching its closing time and go sleep.
Enjoy :)
EUR BUND - What's next?BUND
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 that towards euro currency pair performance with bunds and as well as that start of the week, we had positive aspect of EU recovery fund deal go through. Whilst comparing this, try this with dollar index currency. I find Bonds are more of long term invest in my opinion -
My portfolio view overall: Don't put yourself in one instrument, explore wide variety to build a stronger portfolio.
Just a trade idea, not a recommendation.
US T-Notes 10 years analysisHello traders,
Let’s have a look on ZN.
The ZN is showing an increasing trend. The pitchfork indicator was capable to limit the evolution of ZN.
Right now, if the ZN could break support S0 it will look for reaching the R1 resistance (and could break it too). Otherwise it will bounce on the S0 and decrease to reach S1.
Thank you for reading this analysis.
Hoping it helps you in your ZN Future trading.
Euro Testing Trendline Support; Be Aware Of BreakdownGood morning traders,
Markets are slow because of holiday in the US, so we may not see any big changes in flows through the day. However, we should pay attention to BREXIT especially after latest Merkel comments, that they are preparing on every level for a no-deal Brexit. This cannot be positive for the euro or gbp, so be aware for a potential weakness on these two, especially against the commodity currencies while stocks remains strong. Regarding the euro we also need to look at German bund, where reversal from the recent June low is in five waves followed by A-B-C flat meaning that bulls can see more upside while euro may break that red trendline support. A daily close is important for weakness; below trendline can open room for 1.1.
GH
German BUND Approaching Resistance - Elliott wave analysisHi traders,
German BUND made a clear, five-wave drop in March, which is a sign of a bearish trend, however as we know after every five waves a temporary pullback may show up. Here we are observing a w-x-y correction underway, with resistance/bearish turn at the 174.80/176.8 region, where Fib. ratios of 0.618 and 0.786, and also equality measurement of waves w and y can suggest where price can slow down.
Once we see a five-wave minor rally within a (c) wave of y, and a sharp drop from potential resistance levels, and a breach below the lower channel line, that is when BUND can resume its bear run.
Trade well,
The EW-Forecast team
ANALYSIS OF EUBUND NEXT WEEK! LIKE IF YOU AGREE!!TVC:EUBUND
Greetings dear traders! Thank you for the attention given to this analysis and thank you for expressing yourself with a like or a comment! However, my analysis aims to complement yours to increase the probability of success!
Thank you and good luck!