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 30/05/2024

Fundamental analysis

30 May, 2024

In the Asian session, the German Benchmark Index traded below 18,500 levels.

European equities fell for the second consecutive day, hitting a three-week low, as accelerating inflation in Germany drove up bond yields and led traders to reduce expectations of central bank easing.

Despite this, European stocks are still on track to end the month with gains, buoyed by a better-than-expected earnings season and anticipation that the European Central Bank might start cutting interest rates as early as next month.

Technical analysis

Ger 40 Index Analysis Technical analysis 30/05/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 30/05/2024

Support & Resistance Level Explanation
Resistance 2 18579.4 Daily R2
Resistance 1 18518.0 Daily R1
Support 1 18354.0 Daily S1
Support 2 18292.6 Daily S2

GER40 Indicator Table - 30/05/2024

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 - 30/05/2024

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

GER40 30/05/2024 - Reference Price : 18450.0

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