GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In weekly chart German Bund is trading in down channel

German Bund is trading below all SMA 

RSI is in selling zone which indicates bearishness. Stochastic suggests no trend.

Its immediate support is at 133.70 & the resistance level is at 135.00

The German Bund price attempted to increase, but it was rejected from a resistance zone. Now, the price has started moving downward once again and has broken the previous week’s low. The price is presently trading at a support zone; if it manages to break it, we can expect a decline in price.

GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART

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

German Bund is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. Stochastic suggests downtrend

Its immediate support is at 133.48 & immediate resistance is at 134.15

How to Trade German Bund this Week

The German Bund price attempted to increase, but it was rejected from a resistance zone. Now, the price has started moving downward once again and has broken the previous day low. The price is presently trading at a support zone; if it manages to break it, we can expect decline in price.

TRADE SUGGESTION – SELL AT 133.48, TARGET AT 132.68, SL AT 134.15