German Bund Price Analysis: Recent Attempted Increase and Implications
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 selling zone which indicates bearishness. Stochastic suggests no trend.
Its immediate support is at 133.70 & the resistance level is at 135.00
The German Bund price attempted to increase, but it was rejected from a resistance zone. Now, the price has started moving downward once again and has broken the previous week’s low. The price is presently trading at a support zone; if it manages to break it, we can expect a decline in price.
GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY 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 133.48 & immediate resistance is at 134.15
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 downward once again and has broken the previous day low. The price is presently trading at a support zone; if it manages to break it, we can expect decline in price.
