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 29/02/2024

Fundamental analysis

29 February, 2024

Trading in Europe saw the German Benchmark Index firmly higher today at 17,680.7.

European shares opened slightly higher on Thursday, led by gains in materials stocks, while investors brace for key U.S. inflation data to gauge the outlook on global interest rate cuts.

Technical analysis

Ger 40 Index Analysis Technical analysis 29/02/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 29/02/2024

Support & Resistance Level Explanation
Resistance 2 17818.0 Daily R2
Resistance 1 17774.3 Daily R1
Support 1 17657.7 Daily S1
Support 2 17614.0 Daily S2

GER40 Indicator Table - 29/02/2024

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

GER40 Indicator / Period Table - 29/02/2024

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

GER40 29/02/2024 - Reference Price : 17714.5

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