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.