Ger 30 Index Analysis

US Session Analysis for CFD Instruments 14/03/2019

Fundamental analysis

14 March, 2019

The German stock market traded upwards in the European session as the markets again digest the latest Brexit developments in the UK. European markets were more optimistic after the UK parliament rejected a no deal Brexit, lessening the chances of tariffs appearing between the UK and the EU at some point in the future. On the release front, eurozone industrial production was better than expected and supported the GER30. The indicator jumped 1.4%, above the estimate of 1.0%. Meanwhile European investors will be keeping an eye on UK parliament which is voting on and is expected to reject a no-deal Brexit today. Among the winners of the day were Adidas up 2.93%, Deutsche Telekom climbing 0.96% and RWE AG ST growing 0.42%. Among the losers were Lufthansa, crashing 4.93%, E ON SE declining 0.69% and BASF, down 0.60%.

Technical analysis

Ger 30 Index Analysis Technical analysis 14/03/2019
Time Frame: 1 hour

GER30 Support & Resistance Table - 14/03/2019

Support & Resistance Level Explanation
Resistance 2 11732.00 Daily R2
Resistance 1 11692.00 Daily R1
Support 1 11552.00 Daily S1
Support 2 11512.00 Daily S2

GER30 Indicator Table - 14/03/2019

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 - 14/03/2019

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy BuySell
RSI (14) Buy NeutralBuy
SMA 20 Buy BuySell

GER30 14/03/2019 - Reference Price : 11628.50

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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