. German Bund Price & Technical Analysis Forecast - 13 Jan 2023

GERMAN BUND PRICE & TECHNICAL ANALYSIS FORECAST -13 JANUARY 2023

GERMAN BUND PRICE & TECHNICAL ANALYSIS FORECAST -13 JANUARY 2023

GERMAN BUND TECHNICAL ANALYSIS

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In weekly chart German Bund is trading in down channel

It is trading below 20&50 SMA 

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

Its immediate support is at 135.99 & the resistance level is at 139.05

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 up channel. 

German Bund is currently trading above all SMA.

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

Its immediate support is at 138.03 & immediate resistance is at 139.05

How to Trade German Bund this Week:

German Bund has made trend reversal to upside by making bullish engulfing and started making higher high structure, therefore upside can be seen in coming days.

TRADE SUGGESTION – BUY AT 139.05, TARGET AT 139.96, SL AT 138.30

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