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Ger 30 Index Analysis

US Session Analysis for CFD Instruments 06/08/2020

Fundamental analysis

06 August, 2020

The GER30 traded firmly lower on Thursday with other European stock markets trading mixed on Thursday, with strong industrial data supporting the German market in the Asian session before falling in Europe, while the Bank of England kept monetary policy unchanged, offering up a more pessimistic outlook. In Germany, factory orders soared in June, climbing 27.9% data showed earlier Thursday, far above the 10% gain expected. This provided hope that Europe’s manufacturing engine may be recovering more quickly than expected from the coronavirus-related downturn.

Technical analysis

Ger 30 Index Analysis Technical analysis 06/08/2020
Time Frame: 1 hour

GER30 Support & Resistance Table - 06/08/2020

Support & Resistance Level Explanation
Resistance 2 12792.6 Daily R2
Resistance 1 12685.6 Daily R1
Support 1 12400.4 Daily S1
Support 2 12293.5 Daily S2

GER30 Indicator Table - 06/08/2020

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

GER30 Indicator / Period Table - 06/08/2020

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Neutral NeutralNeutral
SMA 20 Buy NeutralBuy

GER30 06/08/2020 - Reference Price : 12543.0

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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