. German Bund Price Technical Analysis - Capital Street FX

German Bund Price Technical Analysis – Capital Street FX

25 Nov 2022

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In weekly chart German Bund is trading in down channel

It is moving above 20 & 50 MA except 5MA

RSI is in over sold zone which indicates bullishness.

Its immediate support is at 139.46 & the resistance level is at 143.07

German Bund will trade in down channel until there is any trend reversal.

GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART

In daily chart German Bund is trading in down channel. German Bund is currently moving above all the SMA.

RSI is in buying zone which indicates bullishness.

Its immediate support is at 139.82 & immediate resistance is at 141.99

German Bund will trade down channel until there is trend reversal.

How to Trade German Bund this Week:

German Bund will follow the downtrend until their trend reversal. So, remain bearish on German bund.

TRADE SUGGESTION – SELL AT 141.16, TARGET AT 139.98, SL AT 141.93