Ger 30 Index Analysis

Morning Analysis for CFD Instruments 08/11/2018

Fundamental analysis

08 November, 2018

The GER30 traded higher by close of business on Wednesday at 11579.10. European markets posted gains on Wednesday, as investors expressed relief that the mid-term election uncertainty is over and the vote ended up as a split-decision. Had the Democrats taken both houses of Congress, Trump would have been a lame duck for the next two years, and he would have had great difficulty passing any further market-friendly reforms. On the other hand, the Trump administration may be more willing to compromise on policy such as trade issues. The best performers were Fresenius Medical Care, which soared 9.20%. Fresenius SE & Co added 3.26% or and RWE AG ST O.N. was up 3.20%. The worst performers of the session were Adidas, which fell 3.55% BMW declined 3.46% and Beiersdorf was down 1.51%.

Technical analysis

Ger 30 Index Analysis Technical analysis 08/11/2018
Time Frame: 1 hour

GER30 Support & Resistance Table - 08/11/2018

Support & Resistance Level Explanation
Resistance 2 11780.00 Daily R2
Resistance 1 11716.10 Daily R1
Support 1 11573.10 Daily S1
Support 2 11499.10 Daily S2

GER30 Indicator Table - 08/11/2018

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

GER30 Indicator / Period Table - 08/11/2018

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

GER30 08/11/2018 - Reference Price : 11648.50

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