CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ger 30 Index Analysis

US Session Analysis for CFD Instruments 31/07/2020

Fundamental analysis

31 July, 2020

The GER30 slightly higher on Friday with European stock markets edged upwards, helped by continued support from the European Central Bank and some positive corporate earnings, despite weak growth data and the continued threat of the Covid pandemic. Against a negative economic backdrop following some negative recent Eurozone data including below expectations German and Spanish GDP, European Central Bank President Christine Lagarde told French daily Le Courrier Cauchois that the ECB has to maintain its massive bond purchases "at least until June 2021" to help underpin the economy.

Technical analysis

Ger 30 Index Analysis Technical analysis 31/07/2020
Time Frame: 1 hour

GER30 Support & Resistance Table - 31/07/2020

Support & Resistance Level Explanation
Resistance 2 12595.4 Daily R2
Resistance 1 12513.8 Daily R1
Support 1 12296.2 Daily S1
Support 2 12214.6 Daily S2

GER30 Indicator Table - 31/07/2020

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Sell
Stochastic ( 9;6;3) Sell

GER30 Indicator / Period Table - 31/07/2020

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellBuy

GER30 31/07/2020 - Reference Price : 12405.0

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