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. 70.91% 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 12/08/2024

Fundamental analysis

12 August, 2024

In the Asian session, the German Benchmark Index traded above 17,800 levels.

German stocks on the DAX were higher after the close on Friday as gains in the Financial Services and Telecoms sectors pushed shares higher. German and European stocks pared some losses made over the past week and following an in line with expectations German inflation reading last week.

Technical analysis

Ger 40 Index Analysis Technical analysis 12/08/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 12/08/2024

Support & Resistance Level Explanation
Resistance 2 18134.7 Daily R2
Resistance 1 18018.7 Daily R1
Support 1 17709.3 Daily S1
Support 2 17593.3 Daily S2

GER40 Indicator Table - 12/08/2024

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

GER40 Indicator / Period Table - 12/08/2024

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Buy SellSell
SMA 20 Buy SellSell

GER40 12/08/2024 - Reference Price : 17864.0

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