The German stock market opened on Tuesday notably higher. After cracking the psychologically important 11,000 mark, GER 30 climbed further up. It opened the trade on Tuesday one percent higher at 11,126 points supported by the comparatively weak euro, which primarily boosted export-oriented equities. Deutsche Bank shares are up by 1.59%, while Commerzbank shares are up1.29%. The price losses in the automotive sector were reduced with Daimler shares contributed the general positive trend by 2.53 % increase and BMW by 0.75%.
Ger 30 Index Analysis
US Session Analysis for CFD Instruments 12/02/2019
Technical analysis
Time Frame: 1 hour
GER30 Support & Resistance Table - 12/02/2019
| Support & Resistance | Level | Explanation |
| Resistance 2 | 11261.50 | Daily R2 |
| Resistance 1 | 11221.50 | Daily R1 |
| Support 1 | 11081.50 | Daily S1 |
| Support 2 | 11041.50 | Daily S2 |
GER30 Indicator Table - 12/02/2019
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
GER30 Indicator / Period Table - 12/02/2019
| Indicator / Period | Day - Buy | Week - Buy | Month - Sell |
| MACD( 12;26;9) | Buy | Buy | Sell |
| RSI (14) | Buy | Buy | Neutral |
| SMA 20 | Buy | Sell | Sell |
GER30 12/02/2019 - Reference Price : 11153.50
| Buy |
|
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