GERMAN BUND FUT. Price Technical Analysis
22 Jul 2022
GERMAN BUND FUT. Price Technical Analysis: Weekly Chart
In the weekly charts, GERMAN BUND FUT. was trading in a down channel. GERMAN BUND FUT. is currently trading above 20 days SMA & below 50 and 100 days SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 149.56 & the resistance level is at 156.04.
GERMAN BUND FUT. was trading in the down channel before there is breakout upside.
GERMAN BUND FUT. Price Technical Analysis: Daily Chart
In the daily charts, GERMAN BUND FUT. is trading in an up channel. GERMAN BUND FUT. is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
The nearest support is 152.75 & the resistance is at 155.92.
GERMAN BUND FUT. will trade in up channel until there is trend reversal.
How to Trade GERMAN BUND FUT. this Week:
GERMAN BUND FUT. will follow the uptrend until their trend reversal. So, remain bullish on GERMAN BUND FUT.