Wedge in wedge, divergence within divergence

FX:BUND   Euro-Bund
68 1
Something is not pricing correctly here!

If German 10y Bund is trading at -16 bps (-0,16 %) yield, it must be pricing some serious collapse of European economy, or it is traded as a DEM proxy, which means the Euro should trade a lot lower. But Euro is not trading any lower.

Also 10y US vs Bund spread should tighten further. Real Money investors will start selling the negative yielding Bund and buy more Treasuries even though US yields at historic lows too.

But nowadays it is very hard to see what is fundamental macro, and what is due to Central Banks' market manipulative policies with clearly no exit strategy. For this reason just watch the technicals and go with the changing flows.

- Ichimoku Bullish , with Price around all time highs. Seems a bit overbought int terms of distance from Kijun and Senkou B lines as equilibrium levels.
- Heikin-Ashi candle is bullish , but haDelta/SMA3 shows negative divergence. Price is getting close to a possible a wedge top. I don't think there is a lot more upside here.

- Bullish Ichimoku with supports at 166,50 and lower at 166 +/- (Kumo zone)
- Another wedge . We can call it a steeper 4H wedge within the daily wedge .
- haDelta! Serious negative divergence here! Also we have a cross down of haDelta/SMA3! What is left here? 50-100 pips up?
- EWO also shows some form of negative divergence.

Bund futures can see a heavy reversal and quick selloff below 4H Tenkan Sen and the wedge .
If you are long, time to get out / reduce positions.
If you are looking to short, get ready! 165,50-166,00 retracement will be possible in case.
chip chip chip bang
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出