CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 11/07/2024

Fundamental analysis

11 July, 2024

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

European shares continued to rise on Thursday with the release of more earnings reports, although attention remained fixed on upcoming U.S. inflation data for indications on when the Federal Reserve might implement its first interest rate cut.

The U.S. consumer prices data, due at 13:30 GMT+1, is expected to reveal that headline inflation slowed to 3.1% in June, down from 3.3% in May.

In the meantime, German inflation decreased to 2.5% in June, confirming earlier estimates and potentially paving the way for another European Central Bank rate cut in September.

Technical analysis

Ger 40 Index Analysis Technical analysis 11/07/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 11/07/2024

Support & Resistance Level Explanation
Resistance 2 18720.1 Daily R2
Resistance 1 18656.6 Daily R1
Support 1 18487.4 Daily S1
Support 2 18424.0 Daily S2

GER40 Indicator Table - 11/07/2024

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

GER40 Indicator / Period Table - 11/07/2024

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

GER40 11/07/2024 - Reference Price : 18572.0

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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