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

WEEKLY LATEST NEWS:- GERMAN BUND PRICE & TECHNICAL ANALYSIS – 21 APRIL 2023

WEEKLY LATEST NEWS:- GERMAN BUND PRICE & TECHNICAL ANALYSIS – 21 APRIL 2023

22 Apr 2023

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In weekly chart German Bund is trading in down channel

German Bund is trading below all SMA 

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

Its immediate support is at 133.49 & the resistance level is at 134.37

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 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 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 down trend

Its immediate support is at 133.61 & immediate resistance is at 134.17

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 previous day low. The price is now at a crucial support zone, and if it breaks it, we might see further slide to the downside.  

TRADE SUGGESTION – SELL AT 133.61, TARGET AT 132.71, SL AT 134.34