Ger 40 Index Analysis

US Session Analysis for CFD Instruments 04/06/2024

Fundamental analysis

04 June, 2024

In the European session, the German Benchmark Index traded above 18,500 levels.

European stock markets edged lower on Tuesday, with investors cautious ahead of the European Central Bank's policy meeting later this week.

Germany's DAX, France's CAC 40, and the U.K.'s FTSE 100 had all fallen by around 0.5-0.6%. Despite gains earlier in the week, nervousness has set in due to the anticipated 25 basis point interest rate cut from the ECB. While this cut is expected, future actions remain uncertain as inflation concerns persist.

Technical analysis

Time Frame: 1 hour

GER40 Support & Resistance Table - 04/06/2024

Support & Resistance	Level	Explanation
Resistance 2	18582.0	Daily R2
Resistance 1	18521.6	Daily R1
Support 1	18360.4	Daily S1
Support 2	18300.0	Daily S2

GER40 Indicator Table - 04/06/2024

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 - 04/06/2024

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

GER40 04/06/2024 - Reference Price : 18441.0

Sell

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

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