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 06/08/2024

Fundamental analysis

06 August, 2024

In the European session, the German Benchmark Index traded above 17,300 levels.

European and German shares are attempting to recover from recent falls today and are trading mixed at lunchtime. continuing to harvest the sentiment following weak U.S. growth data and NFP data on Friday. The recovery is partly being supported by improved global sentiment and corporate earnings results

Technical analysis

Ger 40 Index Analysis Technical analysis 06/08/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 06/08/2024

Support & Resistance Level Explanation
Resistance 2 17747.1 Daily R2
Resistance 1 17608.6 Daily R1
Support 1 17239.4 Daily S1
Support 2 17100.9 Daily S2

GER40 Indicator Table - 06/08/2024

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

GER40 Indicator / Period Table - 06/08/2024

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

GER40 06/08/2024 - Reference Price : 17438.0

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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