German Bund Price & Technical Analysis Forecast
16 Dec 2022
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GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly chart, the German Bund is trading in the down channel
It is moving below all MA
RSI is in the selling zone which indicates bearishness. Stochastic suggests a downtrend.
Its immediate support is at 137.05 & the resistance level is at 141.73
German Bund will trade in the down channel until there is any trend reversal.
GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART
In the daily chart, German Bund is trading in the up channel. German Bund is currently moving below all SMA.
RSI is in the selling zone which indicates bearishness. Stochastic suggests downtrend
Its immediate support is at 137.00 & immediate resistance is at 138.57
How to Trade German Bund this Week:
German Bund will follow the downtrend until any trend reversal. So, remain bearishness on the German bund.