CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Ger 40 Index Analysis

EU Session Analysis for CFD Instruments 28/03/2024

Fundamental analysis

28 March, 2024

In the Asian session, the German Benchmark Index traded above 18,700 levels.

European markets are poised for a favourable opening on Thursday, showing signs of rebounding from sluggish momentum seen earlier this week.

After a subdued start to the session, regional stocks closed slightly higher on Wednesday, showing renewed strength. Investors are now focusing on earnings reports from Lloyd’s of London and a trading update from JD Sports Fashion on Thursday.

Additionally, German unemployment data and Italian consumer confidence data for March are scheduled for release, drawing attention from investors.

Technical analysis

Ger 40 Index Analysis Technical analysis 28/03/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 28/03/2024

Support & Resistance Level Explanation
Resistance 2 18875.5 Daily R2
Resistance 1 18832.8 Daily R1
Support 1 18719.2 Daily S1
Support 2 18676.5 Daily S2

GER40 Indicator Table - 28/03/2024

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 - 28/03/2024

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

GER40 28/03/2024 - Reference Price : 18767.0

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