Ger 30 Index Analysis

EU Session Analysis for CFD Instruments 12/06/2019

Fundamental analysis

12 June, 2019

The GER30 traded higher and at close of business was at 12157.72 after German stock markets were closed for a holiday on Monday. There were fears that President Trump would slap Mexico with new tariffs, opening up another trade war front. The tariffs were set to take effect on Monday, but the U.S. suspended the tariffs, after high level talks helped defuse the latest crisis. As well, G-20 finance ministers agreed on a joint communique to reduce trade tensions. With President Trump and President Xi of China meeting at the G-20 summit in Japan in late June, we could see progress in the bitter trade dispute between the world’s two largest economies. In Germany car manufacturers were among the top performers. The winners of the day included Deutsche Bank, up 3.67%, BMW, gaining 1.14% Daimler, climbing 1.83% and Volkswagen rising 1.44%. The losers of the day included Adidas, down 1.13%, RWE AG ST, declining 0.83% and SAP, decreasing 0.35%.

Technical analysis

Ger 30 Index Analysis Technical analysis 12/06/2019
Time Frame: 1 hour

GER30 Support & Resistance Table - 12/06/2019

Support & Resistance Level Explanation
Resistance 2 12234.50 Daily R2
Resistance 1 12163.00 Daily R1
Support 1 12039.80 Daily S1
Support 2 11966.30 Daily S2

GER30 Indicator Table - 12/06/2019

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

GER30 Indicator / Period Table - 12/06/2019

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

GER30 12/06/2019 - Reference Price : 12103.00

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