CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 05/04/2024

Fundamental analysis

05 April, 2024

In the Asian session, the German Benchmark Index traded around 18,400 levels.

European stocks are expected to open lower on Friday following statements from several Federal Reserve policymakers that dampened hopes of immediate interest rate cuts.

Investors are awaiting factory orders data and construction Purchasing Managers' survey results from Germany, as well as house price figures from the U.K., later in the day. On Thursday, European stocks saw an increase after the release of Eurozone private sector and producer price inflation data, along with minutes from the European Central Bank's most recent policy meeting.

The pan-European STOXX 600 index rose by 0.2 percent. The German DAX index edged up by 0.2 percent, the U.K.'s FTSE 100 index added half a percent, while France's CAC 40 index closed marginally lower.

Technical analysis

Ger 40 Index Analysis Technical analysis 05/04/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 05/04/2024

Support & Resistance Level Explanation
Resistance 2 18556.2 Daily R2
Resistance 1 18500.0 Daily R1
Support 1 18350.0 Daily S1
Support 2 18293.8 Daily S2

GER40 Indicator Table - 05/04/2024

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

GER40 Indicator / Period Table - 05/04/2024

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

GER40 05/04/2024 - Reference Price : 18439.0

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