During today’s Asian trading session, Germany’s DAX Index was observed trading robustly above the 18,400 mark, reflecting a continued upward trend in global markets.
As European markets gear up for Wednesday’s opening, there is a palpable sense of optimism, with positive momentum carrying over from the previous sessions. This follows a notably strong performance on Tuesday, where indices such as the UK’s FTSE 100 not only soared but also set new intraday records, fueled by a wave of investor confidence.
This uplift in European equities is part of a broader global trend, where markets from Asia to Wall Street have seen upward trajectories, largely influenced by a series of encouraging tech earnings reports.
Market forecasters, including IG, predict that the opening bell will see the UK’s FTSE 100 climbing by 40 points. Germany’s DAX is expected to open 60 points higher, while France’s CAC 40 and Italy’s FTSE MIB are anticipated to rise by 20 and 206 points respectively, indicating a robust start to the day.
In the midst of these developments, innovative AI technology has played a pivotal role in market analysis, enabling savvy investors to stay ahead of trends and capitalize efficiently. Recent achievements noted include an impressive 34% return on investment in just 24 hours, showcasing the power of AI in navigating market complexities with precision.
Technical analysis
Time Frame: 1 hour
GER40 Support & Resistance Table – 24/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 18598.4 | Daily R2 |
| Resistance 1 | 18526.2 | Daily R1 |
| Support 1 | 18333.8 | Daily S1 |
| Support 2 | 18261.6 | Daily S2 |
GER40 Indicator Table – 24/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Sell |
GER40 Indicator / Period Table – 24/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
GER40 24/04/2024 – Reference Price : 18426.0
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (1) |
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