GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In the weekly chart, German Bund started trading in up channel

German Bund is trading above 5&20 SMA 

RSI is in buying zone which indicates bullishness. Stochastic suggests up trend.

Its immediate support is at 137.70 & the resistance level is at 139.07

German Bund has formed a powerful bullish candle, broken the previous week’s high, and is currently in a zone of resistance; if it breaks and holds above this zone, upside may be possible.

GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART

In the daily chart, German Bund is trading in up channel. 

German Bund is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. Stochastic suggests up trend

Its immediate support is at 137.34 & immediate resistance is at 138.07

How to Trade German Bund this Week

German Bund is currently trading in an upward channel, has broken its previous day’s high, and is at a key resistance level; if this level is broken, German Bund is likely to trade higher.

TRADE SUGGESTION – BUY AT 138.07, TARGET AT 139.36, SL AT 137.31