GERMAN BUND FUT Technical Analysis, And Price Forecast GERMAN BUND FUT

GERMAN BUND FUT Technical Analysis, And Price Forecast GERMAN BUND FUT

German Bund technical analysis

GERMAN BUND FUT. Price Technical Analysis: Weekly Chart

In the weekly charts, GERMAN BUND FUT. is trading in a down channel. GERMAN BUND FUT. is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 149.00 & the resistance level is at 152.91.

GERMAN BUND FUT. will trade in the down channel until there is trend reversal.

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 20 and 50 days SMA & below 100 days SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

The nearest support is 150.43 & the resistance is at 151.55.

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.

TRADE SUGGESTION- BUY AT 150.90, TAKE PROFIT AT 151.55 AND STOP LOSS AT 150.43

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