GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly chart, German Bund is trading in the down channel
It is moving below 20 & 50 MA except for 5MA
RSI is in buying zone which indicates bullishness. Stochastic suggests an up trend.
Its immediate support is at 141.04 & the resistance level is at 142.83
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, the German Bund is trading in the up channel. German Bund is currently moving above all the SMA.
RSI is in buying zone which indicates bullishness. Stochastic suggests up trend
Its immediate support is at 141.68 & immediate resistance is at 142.85
German Bund will trade up the channel until there is a trend reversal.
How to Trade German Bund this Week:
German Bund will follow the uptrend until any trend reversal. So, remain bullish on the German bund.