Ger 40 Index Analysis

US Session Analysis for CFD Instruments 10/07/2024

Fundamental analysis

10 July, 2024

In the European session, the German Benchmark Index traded slightly lower, above 18,400 levels.

European shares advanced on Wednesday, bolstered by strong corporate earnings reports. However, gains were constrained by declining oil and metal prices.

Investors remained cautious as they awaited Federal Reserve Chair Jerome Powell's second day of testimony, seeking further insights into the future direction of interest rates.

Powell's remarks were anticipated to provide more clarity on the central bank's monetary policy strategy amidst ongoing economic uncertainties.

Technical analysis

Time Frame: 1 hour

GER40 Support & Resistance Table - 10/07/2024

Support & Resistance	Level	Explanation
Resistance 2	18667.3	Daily R2
Resistance 1	18604.6	Daily R1
Support 1	18437.4	Daily S1
Support 2	18374.7	Daily S2

GER40 Indicator Table - 10/07/2024

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

GER40 Indicator / Period Table - 10/07/2024

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

GER40 10/07/2024 - Reference Price : 18521.0

Sell

Simple Moving Average	Buy (2)	Sell (1)
Technical Indicators - Oscillators	Buy (1)	Sell (2)

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