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 23/04/2024

Fundamental analysis

23 April, 2024

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

European markets are poised for a higher opening on Tuesday, buoyed by positive momentum from the previous session.

Investors are anticipating bank earnings this week in the region and monitoring a series of tech earnings in the US, including Tesla's report during Tuesday's trading hours. Notable earnings announcements in Europe today include Renault, Kering, OVH, Novartis, and Associated British Foods. Additionally, preliminary manufacturing and services Purchasing Managers' Index (PMI) data for the euro zone in April will be released.

Technical analysis

Ger 40 Index Analysis Technical analysis 23/04/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 23/04/2024

Support & Resistance Level Explanation
Resistance 2 18329.6 Daily R2
Resistance 1 18260.3 Daily R1
Support 1 18075.7 Daily S1
Support 2 18006.4 Daily S2

GER40 Indicator Table - 23/04/2024

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

GER40 Indicator / Period Table - 23/04/2024

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

GER40 23/04/2024 - Reference Price : 18159.0

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