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 24/09/2021

Fundamental analysis

24 September, 2021

The GER40 and European stock markets fell on Friday as worries about troubled property developer China Evergrande and weak German business confidence data prompted investors to book some profit after a mid-week rally. A survey by Ifo Institute showed German business morale in September fell for the third straight month, hit by supply chain woes that are causing a "bottleneck recession" for manufacturers in Europe's largest economy. The GER fell heading into the weekend when the country will vote to elect German chancellor Angela Merkel's successor. Latest polls showed the Social Democrats are clinging to their lead.

Technical analysis

Ger 40 Index Analysis Technical analysis 24/09/2021
Time Frame: 1 hour

GER40 Support & Resistance Table - 24/09/2021

Support & Resistance Level Explanation
Resistance 2 15736.3 Daily R2
Resistance 1 15638.5 Daily R1
Support 1 15377.5 Daily S1
Support 2 15279.7 Daily S2

GER40 Indicator Table - 24/09/2021

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

GER40 Indicator / Period Table - 24/09/2021

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Buy SellBuy
SMA 20 Buy SellSell

GER40 24/09/2021 - Reference Price : 15508.0

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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