CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 16/04/2024

Fundamental analysis

16 April, 2024

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

On Tuesday, European markets are poised for a weaker start as investors keep a close eye on developments in the Middle East.

Geopolitical tensions have escalated after Iran's significant drone and missile strike on Israel on Saturday night. While Israel has promised retaliation, it has also hinted at patience. Allies have urged for calm, cautioning that a larger conflict in the Middle East could be easily provoked.

Markets will be awaiting the ZEW Economic Sentiment figures from the Eurozone and Germany.

Technical analysis

Ger 40 Index Analysis Technical analysis 16/04/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 16/04/2024

Support & Resistance Level Explanation
Resistance 2 18243.5 Daily R2
Resistance 1 18158.0 Daily R1
Support 1 17930.0 Daily S1
Support 2 17844.5 Daily S2

GER40 Indicator Table - 16/04/2024

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

GER40 Indicator / Period Table - 16/04/2024

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

GER40 16/04/2024 - Reference Price : 18010.0

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