CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

Ger 40 Index Analysis

US Session Analysis for CFD Instruments 20/06/2024

Fundamental analysis

20 June, 2024

In the European session, the German Benchmark Index traded above 18,300 levels.

European stocks rose on Thursday, with U.K. investors anticipating the Bank of England’s policy rate decision.

The pan-European Stoxx 600 rose 0.4% in morning deals, led by tech and construction stocks up over 1%, while food and beverages dipped 0.6%.

The Swiss National Bank lowered its policy rate by 0.25 points to 1.25%, as expected by most economists, maintaining its lead in global policy easing.

U.K. traders await the Bank of England’s rate decision, with rates likely to stay at 5.25%. Most economists predict a cut in August after the July 4 election.

The German Benchmark DAX is up 0.58%.

Technical analysis

Ger 40 Index Analysis Technical analysis 20/06/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 20/06/2024

Support & Resistance Level Explanation
Resistance 2 18533.6 Daily R2
Resistance 1 18457.5 Daily R1
Support 1 18254.5 Daily S1
Support 2 18178.4 Daily S2

GER40 Indicator Table - 20/06/2024

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

GER40 Indicator / Period Table - 20/06/2024

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

GER40 20/06/2024 - Reference Price : 18356.0

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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