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 10/07/2024

Fundamental analysis

10 July, 2024

In the Asian session, the German Benchmark Index traded slightly lower, above 18,300 levels.

European stocks are anticipated to open higher on Wednesday as concerns about the political situation in France ease.

The U.K.'s FTSE index is projected to open 28 points higher, Germany's DAX 43 points higher, France's CAC 40 up by 20 points, and Italy's FTSE MIB up by 47 points.

On Tuesday, European stocks closed lower as investors considered the political uncertainty in France following Sunday's election results. The left-wing New Popular Front (NFP) secured the largest number of seats but failed to achieve an absolute majority. The NFP is demanding that President Emmanuel Macron allow it to form a government and appoint one of its candidates as France's next prime minister.

Technical analysis

Ger 40 Index Analysis Technical analysis 10/07/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 10/07/2024

Support & Resistance Level Explanation
Resistance 2 18531.3 Daily R2
Resistance 1 18468.6 Daily R1
Support 1 18301.4 Daily S1
Support 2 18238.7 Daily S2

GER40 Indicator Table - 10/07/2024

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

GER40 Indicator / Period Table - 10/07/2024

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

GER40 10/07/2024 - Reference Price : 18379.0

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