. German Bund Price Technical Analysis - 09 December 2022

German Bund Price Technical Analysis

09 Dec 2022

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In 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 up trend.

Its immediate support is at 141.05 & the resistance level is at 143.17

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 20 & 50 SMA.

RSI is in buying zone which indicates bullishness. Stochastic suggests up trend

Its immediate support is at 141.05 & immediate resistance is at 141.92

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 141.05, TARGET AT 142.72, SL AT 140.84