Bund's EMAs Move into Bearish Stack on Daily Time

Russell Shor, CFTe, MFTA FXCM

The below is the daily chart of the bund price. Its EMA’s have moved into a bearish stack. I.e. the green 5-day EMA is below the orange 10-day EMA, and the orange 10-day EMA is below the black 34-day EMA (blue rectangle). The EMAs are starting to show angle and separation. Moreover, the RSI is below 50 and is indicative of an underlying bearish momentum (green rectangle). We continue to monitor.

Past performance is not an indicator of future results.

CHART SOURCE: FXCM MARKET SCOPE 2.0

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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