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Linda Raschke, founder at LBR Asset Management, observes that Bunds have moved higher, highlighting a significant response following the first upward flip in the rate of change (ROC) within a trading range.
Raschke points out this technical shift in Bunds as notable for market watchers.
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Raschke has previously highlighted similar technical setups in other markets. She discussed SMH’s persistent uptrend using her 5 SMA system in recent analysis. In a separate review, she noted a move in BTC following a 5 SMA buy signal during the Asia open session, as detailed here.