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 15/04/2024

Fundamental analysis

15 April, 2024

In the Asian session, the German Benchmark Index traded above 18,100 levels.

European stocks are expected to open with a mixed performance on Monday following Israel's announcement that its air defences successfully intercepted 99 percent of the missiles and drones launched by Iran in an overnight attack.

Attention has shifted towards preventing further escalation after the majority of the wave, consisting of over 300 missiles and drones, was intercepted with minimal damage.

European stocks closed with a mixed outcome on Friday, relinquishing some early gains following signals from the European Central Bank indicating a potential interest rate cut in June.

The pan-European STOXX 600 inched up by 0.1 percent. The UK's FTSE 100 climbed by 0.9 percent, while Germany's DAX and France's CAC 40 experienced slight declines of 0.1 percent and 0.2 percent, respectively.

Technical analysis

Ger 40 Index Analysis Technical analysis 15/04/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 15/04/2024

Support & Resistance Level Explanation
Resistance 2 18394.8 Daily R2
Resistance 1 18319.5 Daily R1
Support 1 18118.5 Daily S1
Support 2 18043.2 Daily S2

GER40 Indicator Table - 15/04/2024

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

GER40 Indicator / Period Table - 15/04/2024

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

GER40 15/04/2024 - Reference Price : 18201.0

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