CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Ger 40 Index Analysis

US Session Analysis for CFD Instruments 16/04/2024

Fundamental analysis

16 April, 2024

In the European session, the German Benchmark Index traded lower below 18,000 levels.

European markets opened significantly lower on Tuesday as investors closely monitored developments in the Middle East. The benchmark Stoxx 600 index experienced a 1.2% decline, marking its lowest level since March 7.

Regarding European data, U.K. unemployment increased to 4.2%, compared to 3.9% a year ago, while regular wage growth excluding bonuses surpassed expectations, rising by 6%.

Across all sectors, trading remained in negative territory. Specifically, the U.K.'s FTSE 100, France's CAC 40, and Germany's DAX all registered declines of 1.3%.

Technical analysis

Ger 40 Index Analysis Technical analysis 16/04/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 16/04/2024

Support & Resistance Level Explanation
Resistance 2 18188.0 Daily R2
Resistance 1 18102.5 Daily R1
Support 1 17874.5 Daily S1
Support 2 17789.0 Daily S2

GER40 Indicator Table - 16/04/2024

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 - 16/04/2024

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

GER40 16/04/2024 - Reference Price : 17988.5

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