GERMAN BUND PRICE & TECHNICAL ANALYSIS FORECAST -13 JANUARY 2023
13 Jan 2023
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.