In the European session, the German Benchmark Index traded marginally higher above 18,400 levels.
European markets open for the new trading week on Monday with somewhat mixed trajectories, mirroring a range of sentiments among investors.
Attention will be focused on initial March inflation data from Spain, France, Italy, and Poland, alongside interest rate determinations from Sweden and South Africa. In Germany, market observers will closely monitor updates regarding GFK consumer confidence, retail sales, and the unemployment rate.
Ger 40 Index Analysis
US Session Analysis for CFD Instruments 25/03/2024
Technical analysis
Time Frame: 1 hour
GER40 Support & Resistance Table - 25/03/2024
Support & Resistance | Level | Explanation |
Resistance 2 | 18592.1 | Daily R2 |
Resistance 1 | 18548.3 | Daily R1 |
Support 1 | 18431.7 | Daily S1 |
Support 2 | 18387.9 | Daily S2 |
GER40 Indicator Table - 25/03/2024
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 - 25/03/2024
Indicator / Period | Day - Buy | Week - Buy | Month - Buy |
MACD( 12;26;9) | Buy | Buy | Buy |
RSI (14) | Buy | Buy | Buy |
SMA 20 | Buy | Buy | Buy |
GER40 25/03/2024 - Reference Price : 18490.0
Buy |
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