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 15/09/2023

Fundamental analysis

15 September, 2023

Trading at Wednesday lunchtime saw the German Benchmark Index trading lower at 15,654.03. Yesterday the German government downgraded its economic forecast to contract by 0.3% The ECB increased interest rates by 25 basis point yesterday but signalled this was likely the end of the hiking cycle, which had an overall positive effect on stocks.

Technical analysis

Ger 40 Index Analysis Technical analysis 15/09/2023
Time Frame: 1 hour

GER40 Support & Resistance Table - 15/09/2023

Support & Resistance Level Explanation
Resistance 2 16173.8 Daily R2
Resistance 1 16119.0 Daily R1
Support 1 15973.0 Daily S1
Support 2 15918.2 Daily S2

GER40 Indicator Table - 15/09/2023

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

GER40 Indicator / Period Table - 15/09/2023

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

GER40 15/09/2023 - Reference Price : 16048.0

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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