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 16/01/2024

Fundamental analysis

16 January, 2024

Trading in Europe saw the German Benchmark Index trading today at 16,501.

European stock markets slid at the start of trading on Tuesday as early interest rate cuts this year seem less probable for the time being and tensions mount in the Middle East.

London's benchmark FTSE 100 index shed 0.6 percent to 7,552.68 points.

In the eurozone, the Paris CAC 40 index retreated 0.8 percent to 7,354.66 points and Frankfurt's DAX lost 0.7 percent to 16,505.51.

Technical analysis

Ger 40 Index Analysis Technical analysis 16/01/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 16/01/2024

Support & Resistance Level Explanation
Resistance 2 16770.6 Daily R2
Resistance 1 16713.4 Daily R1
Support 1 16560.6 Daily S1
Support 2 16503.4 Daily S2

GER40 Indicator Table - 16/01/2024

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 - 16/01/2024

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell BuyBuy
SMA 20 Sell SellBuy

GER40 16/01/2024 - Reference Price : 16637.0

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