CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Ger 40 Index Analysis

US Session Analysis for CFD Instruments 05/02/2024

Fundamental analysis

05 February, 2024

Trading in Europe saw the German Benchmark Index trading today at 16,943.

European stocks were subdued on Monday as hopes of early U.S. rate cuts faded and the Eurozone's services PMI came in at 48.4 in January, down slightly from December's 48.8.

U.K. stocks were seeing marginal gains after ONS figures suggested that Britain's unemployment rate was much lower than initial estimates at the end of last year.

Meanwhile, the Eurozone Sentix Investor Confidence Index improved further from -15.8 in January to -12.9 in February.

The pan-European STOXX 600 was marginally lower at 483.77 after ending on a flat note Friday.

The German DAX slipped 0.1 percent and France's CAC 40 shed 0.2 percent while the U.K.'s FTSE 100 was up 0.1 percent.

Technical analysis

Ger 40 Index Analysis Technical analysis 05/02/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 05/02/2024

Support & Resistance Level Explanation
Resistance 2 17151.2 Daily R2
Resistance 1 17110.0 Daily R1
Support 1 17000.0 Daily S1
Support 2 16958.8 Daily S2

GER40 Indicator Table - 05/02/2024

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

GER40 Indicator / Period Table - 05/02/2024

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

GER40 05/02/2024 - Reference Price : 17055.0

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