BUND pushes through Thursday's high

Euro Bund (BUND) Technical Analysis Report for Jan 11, 2019 | by Techniquant Editorial Team


BUND closes higher for the 3rd day in a row
BUND pushes through Thursday's high


Moving higher for the 3rd day in a row, BUND ended the week 0.24% higher at 164.43 after gaining €0.28 (0.17%) today. Closing above Thursday's high at 164.38, the Bund confirmed its breakout through the prior session high after trading up to €0.26 above it intraday.

Daily Candlestick Chart (BUND as at Jan 11, 2019):

Daily technical analysis candlestick chart for Euro Bund (BUND) as at Jan 11, 2019

Friday's trading range has been €0.48 (0.29%), that's slightly below the last trading month's daily average range of €0.58. Weekly volatility is also lower, being slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for BUND.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Among the three market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "RSI(2) above 80" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for Euro Bund. Out of 328 times, BUND closed higher 56.40% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 61.89% with an average market move of 0.21%.

With four out of the other four Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.52% and TNOTE10Y closing 0.26% higher. None of the markets ended the day in the red. Read more

Market Conditions for BUND as at Jan 11, 2019

Loading Market Conditions for BUND (Euro Bund)...
Latest Report:

BUND closes within previous day's range

Jun 19, 2019
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Euro Bund traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!