CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 02/11/2023

Fundamental analysis

02 November, 2023

Trading in Europe saw the German Benchmark Index trading higher today at 15,146.

European markets on Thursday as investors reacted positively to the Federal Reserve's decision to keep interest rates on hold for a second consecutive meeting. Market participants also looked ahead to the latest purchasing managers' index (PMI) data from the eurozone, and the Bank of England's policy decision where it is widely expected to keep interest rates unchanged. All sectors traded in positive territory, with mining stocks leading gains.

Technical analysis

Ger 40 Index Analysis Technical analysis 02/11/2023
Time Frame: 1 hour

GER40 Support & Resistance Table - 02/11/2023

Support & Resistance Level Explanation
Resistance 2 15361.3 Daily R2
Resistance 1 15303.7 Daily R1
Support 1 15150.3 Daily S1
Support 2 15092.7 Daily S2

GER40 Indicator Table - 02/11/2023

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 - 02/11/2023

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

GER40 02/11/2023 - Reference Price : 15227.0

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