German Bund Price Technical Analysis Forecast

German Bund Price Technical Analysis Forecast

GERMAN BUND TECHNICAL ANALYSIS

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.

TRADE SUGGESTION – BUY AT 143.05, TARGET AT 144.0, SL AT 142.05

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