Ger 40 Index Analysis

EU Session Analysis for CFD Instruments 11/07/2024

Fundamental analysis

11 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 Thursday as global markets await the next U.S. inflation reading.

The U.K.'s FTSE index is expected to open 20 points higher, Germany's DAX up 37 points, France's CAC 40 up 7 points, and Italy's FTSE MIB up 45 points.

Thursday's inflation report could solidify expectations that the U.S. Federal Reserve will cut interest rates in the coming months. Recent economic data has indicated that both inflation and economic growth are slowing, including last week's report showing unemployment in June increased to 4.1%.

The consumer price index report for June will be released later today.

Technical analysis

Time Frame: 1 hour

GER40 Support & Resistance Table - 11/07/2024

Support & Resistance	Level	Explanation
Resistance 2	18749.0	Daily R2
Resistance 1	18685.6	Daily R1
Support 1	18516.4	Daily S1
Support 2	18452.9	Daily S2

GER40 Indicator Table - 11/07/2024

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

GER40 Indicator / Period Table - 11/07/2024

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Neutral	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Buy	Buy	Buy

GER40 11/07/2024 - Reference Price : 18616.0

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (2)	Sell (0)

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