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Ger 30 Index Analysis

US Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020

Most European stock markets and the GER 30 edged higher Wednesday, helped by strong results from Zara owner Inditex, with investors cautiously awaiting the Federal Reserve for guidance on the economy. Recent news out of Europe has also been encouraging, with Germany’s ZEW sentiment index – the first of the big gauges of sentiment to be released this month – defying expectations for a fall.Investors are looking to central banks for direction, and in particular the U.S. Federal Reserve which concludes a two-day policy meeting later Wednesday, the first since adopting a more tolerant stance on inflation in August.

Technical analysis

Ger 30 Index Analysis Technical analysis 16/09/2020
Time Frame: 1 hour

GER30 Support & Resistance Table - 16/09/2020

Support & Resistance Level Explanation
Resistance 2 13294.7 Daily R2
Resistance 1 13251.6 Daily R1
Support 1 13136.4 Daily S1
Support 2 13093.3 Daily S2

GER30 Indicator Table - 16/09/2020

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 - 16/09/2020

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

GER30 16/09/2020 - Reference Price : 13194.0

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