. German Bund Price Technical Analysis - 04 November 2022

German Bund Price Technical Analysis – 04 November 2022

04 Nov 2022

GERMAN BUND FUT. Price Technical Analysis: Weekly Chart

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

RSI is in the oversold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 135.03 & the resistance level is at 138.49.

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

GERMAN BUND FUT. Price Technical Analysis: Daily Chart

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

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

The nearest support is 136.11 & the resistance is at 138.10.

GERMAN BUND FUT. was trading in down channel before there is breakout upside.

How to Trade GERMAN BUND FUT. this Week:

GERMAN BUND FUT. will follow the downtrend until their trend reversal. So, remain bearish on GERMAN BUND FUT.

TRADE SUGGESTION- SELL AT 136.90, TAKE PROFIT AT 136.11 AND STOP LOSS AT 138.10