Bond Markets Summary for Jan 20, 2020
Bond Markets Technical Analysis Market Overview Report for Jan 20, 2020 | by Techniquant Editorial Team
With five out of the five Bond Markets closing lower today, the ones that stand out on the negative side are TBOND losing -0.04% and BUND closing -0.03% lower. None of the markets managed to end the day in the green.
One of today's most interesting market conditions in the Bond Markets showed up in TNOTE10Y: Among the three market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Close to Swing Low" stand out. Although it is usually interpreted as neutral, it has actually shown to be bullish for 10Y T-Note. Out of 721 times, TNOTE10Y closed higher 56.87% 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 56.31% with an average market move of 0.17%. Read more