In today’s Asian trading session, the German Benchmark Index, GER 40, maintained its position above the 18,100 level, reflecting a robust stance despite mixed signals from the broader European stock markets. The markets are reacting to the recent geopolitical developments where Israel’s defense systems effectively neutralized a significant threat by intercepting 99 percent of the missiles and drones launched by Iran in a recent overnight assault.

This high-stakes interception has largely averted immediate severe repercussions, with over 300 missiles and drones being involved and minimal damage reported. The focus among European nations now gravitates towards diplomatic and strategic measures to prevent any further escalations in the conflict.

Looking back at the previous trading session on Friday, European stocks exhibited a varied closing performance. Initially buoyed by optimistic trading, the markets eventually pared some gains following indications from the European Central Bank about a possible interest rate cut come June. This announcement has kept traders on edge, contemplating the potential impacts on market liquidity and investment strategies.

The pan-European STOXX 600 saw a marginal increase of 0.1 percent, while the UK’s FTSE 100 outperformed with a rise of 0.9 percent. On the contrary, Germany’s DAX and France’s CAC 40 slightly retreated, marking declines of 0.1 percent and 0.2 percent respectively.

In this context, an innovative Artificial Intelligence (AI) platform has provided substantial support to traders by forecasting market movements with notable accuracy. Users of this technology have remarkably managed to generate over 34% Return on Investment in just 24 hours, demonstrating the power of AI to transform market predictions into profitable trading strategies during periods of heightened volatility.

As the week unfolds, investors are advised to stay attuned to global economic indicators and geopolitical developments, utilizing advanced tools like AI to navigate the complexities of the financial markets effectively.

Technical analysis

Ger 40 Index Analysis Technical analysis 15/04/2024

Time Frame: 1 hour

GER40 Support & Resistance Table – 15/04/2024

Support & ResistanceLevelExplanation
Resistance 218394.8Daily R2
Resistance 118319.5Daily R1
Support 118118.5Daily S1
Support 218043.2Daily S2

GER40 Indicator Table – 15/04/2024

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

GER40 Indicator / Period Table – 15/04/2024

Indicator / PeriodDay – SellWeek – BuyMonth – Buy
MACD( 12;26;9)SellBuyBuy
RSI (14)BuyBuyBuy
SMA 20SellBuyBuy

GER40 15/04/2024 – Reference Price : 18201.0

SELLSimple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (1)Sell (2)

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