Ger 40 Index Analysis

US Session Analysis for CFD Instruments 24/10/2023

Fundamental analysis

24 October, 2023

Trading in Europe saw the German Benchmark Index trading lower at 14,839.35.

European markets opened higher this Tuesday ahead of a busy week for earnings but the FTSE was lower as investors digested the latest UK jobs data.

The FTSE 100 (^FTSE) lost 0.1% to 7,370 points at the open, while the CAC 40 (^FCHI) in Paris rose 0.24% to 6,867 points. In Germany, the DAX (^GDAXI) fell 0.14% to 14,821.

The pan-European Stoxx 600 index (^STOXX) opened 0.1% higher, boosted by upbeat earnings from heavyweights such as Hermes (RMS.PA) and Italian bank UniCredit (UCG.MI).

Technical analysis

Time Frame: 1 hour

GER40 Support & Resistance Table - 24/10/2023

Support & Resistance	Level	Explanation
Resistance 2	15063.2	Daily R2
Resistance 1	15001.2	Daily R1
Support 1	14835.8	Daily S1
Support 2	14773.8	Daily S2

GER40 Indicator Table - 24/10/2023

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

GER40 Indicator / Period Table - 24/10/2023

Indicator / Period	Day - Sell	Week - Sell	Month - Sell
MACD( 12;26;9)	Sell	Sell	Buy
RSI (14)	Sell	Sell	Sell
SMA 20	Sell	Sell	Sell

GER40 24/10/2023 - Reference Price : 14918.5

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (0)	Sell (3)

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