CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 all your money. Read full risk warning.

Ger 40 Index Analysis

US Session Analysis for CFD Instruments 31/07/2023

Fundamental analysis

31 July, 2023

German and European stock markets traded in a mixed fashion Monday, weighed by weak German retail sales but with investors awaiting the release of key eurozone growth and inflation data. German retail sales fell 0.8% on the month in June, weaker than the 0.2% rise expected, an annual drop of 1.6%. The ECB raised interest rates to a 23-year high last week, and President Christine Lagarde indicated during the subsequent press conference that future decisions would be data-dependent.

Technical analysis

Ger 40 Index Analysis Technical analysis 31/07/2023
Time Frame: 1 hour

GER40 Support & Resistance Table - 31/07/2023

Support & Resistance Level Explanation
Resistance 2 16693.9 Daily R2
Resistance 1 16637.4 Daily R1
Support 1 16486.6 Daily S1
Support 2 16430.1 Daily S2

GER40 Indicator Table - 31/07/2023

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

GER40 Indicator / Period Table - 31/07/2023

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

GER40 31/07/2023 - Reference Price : 16562.0

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