. GERMAN BUND PRICE & TECHNICAL ANALYSIS - 31 March 2023

GERMAN BUND PRICE & TECHNICAL ANALYSIS – 31 March 2023

31 Mar 2023

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

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

German Bund is trading below 20&50 SMA

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

Its immediate support is at 134.50 & the resistance level is at 137.67

German Bund’s price refused the resistance zone after an indecisive weekly candle, and it broke the previous week’s low. Now, if it maintains below the low from the previous week, we may see further decline.

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 buying zone which indicates bullishness. Stochastic suggests a downtrend.

Its immediate support is at 134.65 & immediate resistance is at 135.70

How to Trade German Bund this Week

German Bund is presently trading in a down channel and is at a key support level. If the support level is broken and the price remains below it, further downside is possible.

TRADE SUGGESTION – SELL AT 134.80, TARGET AT 133.97, SL AT 135.40