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 18/03/2024

Fundamental analysis

18 March, 2024

In the European session, the German Benchmark Index traded steady above 18,200 levels.

European shares edged higher on Monday, supported by strength in commodity-linked stocks, although investor caution ahead of euro zone inflation data curbed gains.

On the data front, the euro zone final inflation data for the month February came in at the expected 2.6% and the region's total trade balance for January came in lower than the previous reading (11.4B vs 16.8B).

Investors will also await the Federal Reserve and Bank of England's policy meetings, due later this week, for more clues on the monetary policy easing cycle.

Technical analysis

Ger 40 Index Analysis Technical analysis 18/03/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 18/03/2024

Support & Resistance Level Explanation
Resistance 2 18379.7 Daily R2
Resistance 1 18332.0 Daily R1
Support 1 18205.0 Daily S1
Support 2 18157.3 Daily S2

GER40 Indicator Table - 18/03/2024

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 - 18/03/2024

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

GER40 18/03/2024 - Reference Price : 18268.5

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