Ger 40 Index Analysis

US Session Analysis for CFD Instruments 20/05/2024

Fundamental analysis

20 May, 2024

In the European session, the German Benchmark Index traded above 18,800 levels.

European markets edged higher in morning trade on Monday, recovering from a strong run of gains that faltered at the end of last week. The regional Stoxx 600 index opened near the flatline before climbing 0.07%.

Germany’s DAX, the U.K.’s FTSE 100, and France’s CAC 40 were all approximately 0.25% higher.

Global markets were buoyed last week by U.S. inflation data for April that was softer than expected, raising hopes that the U.S. Federal Reserve might cut rates later in the year.

Technical analysis

Time Frame: 1 hour

GER40 Support & Resistance Table - 20/05/2024

Support & Resistance	Level	Explanation
Resistance 2	18944.1	Daily R2
Resistance 1	18902.5	Daily R1
Support 1	18783.5	Daily S1
Support 2	18738.9	Daily S2

GER40 Indicator Table - 20/05/2024

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

GER40 Indicator / Period Table - 20/05/2024

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Neutral	Buy	Buy
SMA 20	Buy	Buy	Buy

GER40 20/05/2024 - Reference Price : 18849.5

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (1)	Sell (0)

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