. German Bund Price & Technical Analysis Forecast - 16 December 2022

German Bund Price & Technical Analysis Forecast

16 Dec 2022

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.

TRADE SUGGESTION – SELL AT 136.97, TARGET AT 136.07, SL AT 138.12