GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART
In weekly chart German Bund is trading in down channel
German Bund is trading below SMA
RSI is in buying zone which indicates bullishness. Stochastic suggests down trend.
Its immediate support is at 134.49 & the resistance level is at 136.89
The German Bund price tried to rise upward, but it was rejected from a resistance zone, and now the price has reverted to the negative, breaking the previous week low. The price is now at a crucial support zone, and if it breaks it, we might see further slide to the downside.
GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART
In the daily chart German Bund is trading in down channel.
German Bund is currently trading below all SMA.
RSI is in buying zone which indicates bullishness. Stochastic suggests downtrend
Its immediate support is at 134.46 & immediate resistance is at 135.20
How to Trade German Bund this Week
The German Bund price tried to rise upward, but it was rejected from a resistance zone, and now the price has reverted to the negative, breaking the previous day low. The price is now at a crucial support zone, and if it breaks it, we might see a further slide to the downside.
