. German Bunds Continue Bearish Trend - 03 March 2023

German Bunds Continue Bearish Trend – 03 March 2023

German Bunds Continue Bearish Trend – 03 March 2023

03 Mar 2023

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

weekly chart

In the weekly chart, German Bund is trading in a down channel

It is trading below all SMA.

RSI is in the selling zone which indicates bearishness. Stochastic suggests downtrend.

Its immediate support is at 131.28 & the resistance level is at 132.53.

German Bund marked lower than the previous week and the support level is broken, now furthermore downside can be seen.

GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART

weekly chart

In the daily chart, German Bund is trading in a down channel.

German Bund is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. Stochastic suggests downtrend

Its immediate support is at 131.42 & immediate resistance is at 132.11

How to Trade German Bund this Week

German Bund is trading in the down channel it has broken the previous day’s low and & it has broken its important support zone, now we can see a downside.

TRADE SUGGESTION – SELL AT 131.43, TARGET AT 130.61, SL AT 132.12