CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
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 can afford to take the high risk of losing your money.

Ger 40 Index Analysis

US Session Analysis for CFD Instruments 17/05/2024

Fundamental analysis

17 May, 2024

In the European session, the German Benchmark Index traded above 18,700 levels.

European stock markets edged lower on Friday following the release of key inflation data, which met expectations at 2.4%, adding to the uncertainty surrounding future interest rate decisions.

While the European Central Bank (ECB) is widely anticipated to cut interest rates in June, traders remain uncertain about the number of additional cuts the central bank might implement throughout the rest of the year.

ECB board member Isabel Schnabel indicated that the central bank might reduce rates in June but advised caution regarding further cuts due to the uncertain economic outlook.

In market movements, Germany's DAX index fell by 0.2%, France's CAC 40 slipped by 0.1%, and the UK's FTSE 100 declined by 0.1%.

Technical analysis

Ger 40 Index Analysis Technical analysis 17/05/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 17/05/2024

Support & Resistance Level Explanation
Resistance 2 18845.1 Daily R2
Resistance 1 18798.5 Daily R1
Support 1 18674.5 Daily S1
Support 2 18627.9 Daily S2

GER40 Indicator Table - 17/05/2024

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

GER40 Indicator / Period Table - 17/05/2024

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

GER40 17/05/2024 - Reference Price : 18736.5

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