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

EU Session Analysis for CFD Instruments 23/01/2024

Fundamental analysis

23 January, 2024

Trading in Asia saw the German Benchmark Index trading today at 16,683.

European stocks are seen opening mostly higher on Tuesday after the Bank of Japan retained its ultra-loose policy and stuck to its yield curve control policy, as widely expected.

In another development, China's Premier Li Qiang asked authorities to take more effective measures to arrest a seemingly endless decline in the stock market and boost investor confidence.

Technical analysis

Ger 40 Index Analysis Technical analysis 23/01/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 23/01/2024

Support & Resistance Level Explanation
Resistance 2 16924.5 Daily R2
Resistance 1 16877.1 Daily R1
Support 1 16750.9 Daily S1
Support 2 16703.5 Daily S2

GER40 Indicator Table - 23/01/2024

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 - 23/01/2024

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

GER40 23/01/2024 - Reference Price : 16830.5

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