German Bund Price And Technical Analysis – 24 February 2023
24 Feb 2023
GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly chart, German Bund is trading in a down channel
It is trading below all SMA
RSI is in the selling zone which indicates bearishness. Stochastic suggests a downtrend.
Its immediate support is at 133.63 & the resistance level is at 135.32
German Bund marked lower than the previous week and the support level is broken, now further downside can be seen.
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 133.92 & immediate resistance is at 134.88
How to Trade German Bund this Week
German Bund is trading in the down channel it has broken the previous day’s low and it is at the support zone if the support level is broken, we can see a downside.