This morning in the Asian markets, Germany’s DAX 40 Index was observed trading above the 18,300 mark, indicating a buoyant start to European markets. Investors are particularly attuned to a series of pivotal earnings announcements due across major European corporations today. Notable entities, including BP, S4 Capital, Siemens Healthineers, Deutsche Post, Infineon, Bouygues, UBS, Adecco, Banco de Sabadell, and Unicredit, are all poised to release their financial results.
Market projections provided by IG anticipate openings in the green across the board: the UK’s FTSE 100 is expected to ascend by 37 points, Germany’s DAX by 45 points, France’s CAC 40 by 14 points, and Italy’s FTSE MIB by 79 points. Amidst these financial disclosures, savvy investors, utilizing advanced AI tools, have harnessed these systems to predict market trends, leading to a remarkable 34% ROI in just the past 24 hours by operating in autopilot mode. Discover more about this AI’s capabilities.
Technical analysis
Time Frame: 1 hour
GER40 Support & Resistance Table – 07/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 18482.8 | Daily R2 |
| Resistance 1 | 18427.2 | Daily R1 |
| Support 1 | 18278.8 | Daily S1 |
| Support 2 | 18223.2 | Daily S2 |
GER40 Indicator Table – 07/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Buy |
GER40 Indicator / Period Table – 07/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Sell | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
GER40 07/05/2024 – Reference Price : 18361.0
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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