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 16/10/2020

Fundamental analysis

16 October, 2020

German and European shares moved slightly higher Friday, helped by positive corporate news from index heavyweights Daimler but overall sentiment remains weak with investors anxious over the economic impact of the second wave of the Covid-19 virus. European stock indices have rebounded to a degree after posting their largest losses in more than three weeks on Thursday. Helping that bounce Friday has been some strong earnings from European corporate heavyweights. Daimler stock rose 4.2% after the German carmaker posted forecast-beating third-quarter results late Thursday. More broadly, new car registrations in the European Union increased in September, their first rise in year-on-year terms in 2020.

Technical analysis

Ger 30 Index Analysis Technical analysis 16/10/2020
Time Frame: 1 hour

GER30 Support & Resistance Table - 16/10/2020

Support & Resistance Level Explanation
Resistance 2 12918.1 Daily R2
Resistance 1 12865.8 Daily R1
Support 1 12726.2 Daily S1
Support 2 12673.9 Daily S2

GER30 Indicator Table - 16/10/2020

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

GER30 Indicator / Period Table - 16/10/2020

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

GER30 16/10/2020 - Reference Price : 12796.0

Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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