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

WEEKLY LATEST NEWS:- GERMAN BUND PRICE & TECHNICAL ANALYSIS – 07 APRIL 2023

WEEKLY LATEST NEWS:- GERMAN BUND PRICE & TECHNICAL ANALYSIS – 07 APRIL 2023

07 Apr 2023

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In the weekly chart, German Bund is trading in a 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 135.41 & the resistance level is at 138.01.

The price of the German Bund is currently attempting to break through a resistance zone, and if it breaks, we might see a rise to the next resistance.

GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART

In the 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 136.93 & immediate resistance is at 138.01

How to Trade German Bund this Week

The price of the German Bund is currently attempting to break through a resistance zone, and if it breaks, we might see a rise to the next resistance.

TRADE SUGGESTION – BUY AT 138.01, TARGET AT 139.36, SL AT 137.03