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 20/03/2024

Fundamental analysis

20 March, 2024

In the Asian session, the German Benchmark Index traded above 18,000 levels.

European markets are poised for a lower opening on Wednesday as investors await the latest monetary policy decision from the U.S. Federal Reserve.

The central bank is anticipated to maintain rates unchanged as it wraps up its two-day policy meeting. Nonetheless, a series of troubling inflation reports in recent times has left investors apprehensive that the central bank might indicate a prolonged period of higher interest rates than initially anticipated.

Technical analysis

Ger 40 Index Analysis Technical analysis 20/03/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 20/03/2024

Support & Resistance Level Explanation
Resistance 2 18360.2 Daily R2
Resistance 1 18321.1 Daily R1
Support 1 18216.9 Daily S1
Support 2 18177.8 Daily S2

GER40 Indicator Table - 20/03/2024

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

GER40 Indicator / Period Table - 20/03/2024

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

GER40 20/03/2024 - Reference Price : 18259.0

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