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 24/04/2024

Fundamental analysis

24 April, 2024

In the European session, the German Benchmark Index traded around 18,400 levels.

Wednesday saw mostly upward movements in European stock markets, sustaining the prevailing positive sentiment amid ongoing quarterly earnings releases.

The DAX index in Germany rose by 0.2%, the FTSE 100 in the U.K. increased by 0.3%, while the CAC 40 in France experienced a slight dip of 0.1%.

The primary economic data release in Europe on Wednesday will be the Germany Ifo Institute's survey on business conditions and expectations for April.

Anticipated forecasts hint at a minor boost in sentiment within Europe's largest economy. Nonetheless, this marginal improvement is unlikely to dissuade the European Central Bank (ECB) from its communicated plan to lower interest rates in June. Such a move has been hinted at by numerous ECB officials, including President Christine Lagarde.

Technical analysis

Ger 40 Index Analysis Technical analysis 24/04/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 24/04/2024

Support & Resistance Level Explanation
Resistance 2 18565.4 Daily R2
Resistance 1 18493.2 Daily R1
Support 1 18300.8 Daily S1
Support 2 18228.6 Daily S2

GER40 Indicator Table - 24/04/2024

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Neutral
Stochastic ( 9;6;3) Sell

GER40 Indicator / Period Table - 24/04/2024

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

GER40 24/04/2024 - Reference Price : 18388.0

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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