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. 70.41% 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

EU Session Analysis for CFD Instruments 01/11/2021

Fundamental analysis

01 November, 2021

The GER40 climbed 0.8% on Friday.

European stocks closed flat, as gains in banks and commodity-linked sectors were offset by losses in industrial stocks on rising bond yields, and as the outlook for the telecom sector deteriorated.Mining and energy stocks rose 1.8% and 1.0%, respectively, boosted by oil prices at multi-year highs and a rebound in copper prices as a drop in Chinese inventories fuelled expectations of more buying.Germany stocks were higher after the close, as gains in the Software, Technology and Chemicals sectors led shares higher. UniCredit slipped 1.7% after the Italian government and the bank ended talks over the sale of ailing Tuscan bank Monte dei Paschi di Siena (MPS). DAX gained 0.36%The European Central Bank met on Thursday and kept rates unchanged.

Technical analysis

Ger 40 Index Analysis Technical analysis 01/11/2021
Time Frame: 1 hour

GER40 Support & Resistance Table - 01/11/2021

Support & Resistance Level Explanation
Resistance 2 15805.4 Daily R2
Resistance 1 15771.4 Daily R1
Support 1 15680.6 Daily S1
Support 2 15646.6 Daily S2

GER40 Indicator Table - 01/11/2021

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 - 01/11/2021

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

GER40 01/11/2021 - Reference Price : 15726.0

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