. Latest News:- German Bund Price Forecast & Technical Analysis

LATEST NEWS:- GERMAN BUND PRICE FORECAST & WEEKLY CHART ANALYSIS – 12 MAY 2023

LATEST NEWS:- GERMAN BUND PRICE FORECAST & WEEKLY CHART ANALYSIS – 12 MAY 2023

12 May 2023

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In weekly chart German Bund is trading in down channel

German Bund is trading above 5&20 SMA 

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

Its immediate support is at 135.65 & the resistance level is at 137.42

The German Bund price attempted to increase, but it was rejected from a resistance zone. Now, the price has started moving upward once more and has broken the previous week’s high. The price is presently trading at a resistance zone; if it manages to break it, we can expect an upward trend.

GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART

In daily chart German Bund is trading in up channel. 

German Bund is currently trading above all SMA.

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

Its immediate support is at 136.13 & immediate resistance is at 136.69

How to Trade German Bund this Week

The German Bund price attempted to increase, but it was rejected from a resistance zone. Now, the price has started moving upward once more and has broken the previous day high. The price is presently trading at a resistance zone; if it manages to break it, we can expect an upward trend.

TRADE SUGGESTION – BUY AT 136.69, TARGET AT 137.47, SL AT 136.13