German and European stock markets traded firmly lower Friday, ending a generally positive week on a cautious note amid concerns that growing Covid-19 cases will stunt economic growth. Additionally, the euro-zone composite PMI, which fell to 47.5 from 49.1 in December, suggested the region was struggling to show any economic growth in the first month of the new year. This follows European Central Bank President Christine Lagarde warning Thursday that ever-increasing Covid-19 numbers and restrictive measures, such as lockdowns, to curb the spread of the virus could challenge the region’s economic outlook.
Ger 30 Index Analysis
US Session Analysis for CFD Instruments 22/01/2021
Technical analysis
Time Frame: 1 hour
GER30 Support & Resistance Table - 22/01/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 13902.1 | Daily R2 |
Resistance 1 | 13842.3 | Daily R1 |
Support 1 | 13682.7 | Daily S1 |
Support 2 | 13622.9 | Daily S2 |
GER30 Indicator Table - 22/01/2021
Indicator | Signal |
SMA 20 | Sell |
SMA 50 | Sell |
SMA 100 | Sell |
MACD( 12;26;9) | Neutral |
RSI (14) | Sell |
Stochastic ( 9;6;3) | Sell |
GER30 Indicator / Period Table - 22/01/2021
Indicator / Period | Day - Sell | Week - Buy | Month - Buy |
MACD( 12;26;9) | Neutral | Buy | Buy |
RSI (14) | Sell | Buy | Buy |
SMA 20 | Sell | Sell | Buy |
GER30 22/01/2021 - Reference Price : 13762.5
Sell |
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