CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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

US Session Analysis for CFD Instruments 08/10/2021

Fundamental analysis

08 October, 2021

German and European stocks edged largely lower Friday in tight trading ranges, with weak German trade data weighing ahead of the release of key U.S. jobs data. The volume of German exports fell in August for the first time in 15 months, dropping by 1.2% compared with the 0.5% increase expected, as Europe's largest economy, and main growth driver, felt the effect of the global supply chain problems. That rounds off a disappointing week of August data from Europe's largest economy, with manufacturing orders and industrial production also recording sharp declines.

Technical analysis

Ger 40 Index Analysis Technical analysis 08/10/2021
Time Frame: 1 hour

GER40 Support & Resistance Table - 08/10/2021

Support & Resistance Level Explanation
Resistance 2 15298.2 Daily R2
Resistance 1 15264.9 Daily R1
Support 1 15176.1 Daily S1
Support 2 15142.8 Daily S2

GER40 Indicator Table - 08/10/2021

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

GER40 Indicator / Period Table - 08/10/2021

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

GER40 08/10/2021 - Reference Price : 15220.5

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