Bond Markets Summary for May 22, 2020
Bond Markets Technical Analysis Market Overview Report for May 22, 2020 | by Techniquant Editorial Team
With five out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.14% and TNOTE10Y closing 0.09% higher. None of the markets ended the day in the red.
One of today's most interesting market conditions in the Bond Markets showed up in BUND: Among the five market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bearish Bounce off SMA 20" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for Euro Bund. Out of 38 times, BUND closed higher 57.89% 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 63.16% with an average market move of 0.32%. Read more