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 18/04/2024

Fundamental analysis

18 April, 2024

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

European stocks managed to secure modest gains on Thursday, supported by softer eurozone inflation data for March, which fueled hopes for a potential rate cut by the ECB in June.

Discussing the upcoming June meeting, the head of Germany's Bundesbank shared insights with CNBC's Karen Tso during the IMF Spring Meetings on Wednesday, suggesting a rising probability of a rate cut while acknowledging certain reservations.

ECB policymaker Robert Holzmann identified geopolitical risk as the primary obstacle to a prospective rate cut.

The pan European STOXX 600 was up 0.3 percent after ending flat with a positive bias on Wednesday. The German DAX steadied, France's CAC 40 added half a percent and the U.K.'s FTSE 100 edged up 0.1 percent.

Technical analysis

Ger 40 Index Analysis Technical analysis 18/04/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 18/04/2024

Support & Resistance Level Explanation
Resistance 2 18164.3 Daily R2
Resistance 1 18087.3 Daily R1
Support 1 17881.7 Daily S1
Support 2 17804.7 Daily S2

GER40 Indicator Table - 18/04/2024

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 - 18/04/2024

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

GER40 18/04/2024 - Reference Price : 17984.5

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