{"id":137234,"date":"2018-11-15T10:47:20","date_gmt":"2018-11-15T15:47:20","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137234"},"modified":"2018-11-15T06:48:47","modified_gmt":"2018-11-15T11:48:47","slug":"de30-analysis-slower-german-growth-bearish-for-de30-stock-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/de30-analysis-slower-german-growth-bearish-for-de30-stock-market\/","title":{"rendered":"DE30 Analysis: Slower German growth bearish for DE30 Stock Market"},"content":{"rendered":"<div id=\"inves-347838893\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 15, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Slower German growth bearish for DE30<\/strong><\/p>\n<blockquote><p>German economic growth slowed more than expected in the third quarter. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/indices-prices\/hk50\">DE30<\/a> continue declining?<\/p><\/blockquote>\n<p>German economic data were negative on balance lately: economic growth slowed more than expected in the third quarter. Germany&#8217;s Q3 gross domestic product slowed to 1.1% over year when 1.3% growth was expected after 2% growth in the second quarter . The decline was due to exports drop while imports rose from the second quarter, according to Germany&#8217;s statistics agency Destatis. And a week ago a group of 5 economic advisors to the German government cut their growth forecasts for this year and next: to 1.6% this year compared with 2.3% projected previously, and 1.5% in 2019. Slowing growth is bearish for DE30.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/DE30_O_15Nov2018.png\" alt=\"DE30 descent below MA(200) intact Technical Analysis IFC Markets chart \" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe the <b>DE30: D1<\/b> is below the 200-day moving average MA(200) which is falling, this is bearish.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator<\/b> gives a buy signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates no trend yet: it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a neutral signal: it is below the signal line and the gap is steady.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> Stochastic oscillator <\/a> is falling but has not breached into oversold zone yet.<\/li>\n<\/ul>\n<p>We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 11269.78. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian channel at 11690.14. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level (11690.14) without reaching the order (11269.78), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 11269.78<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 11690.14<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-3879455160\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Slower German growth bearish for DE30 German economic growth slowed more than expected in the third quarter. Will the DE30 continue declining? German economic data were negative on balance lately: economic growth slowed more than expected in the third quarter. Germany&#8217;s Q3 gross domestic product slowed to 1.1% over year when 1.3% growth [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-137234","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=137234"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137234\/revisions"}],"predecessor-version":[{"id":137249,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137234\/revisions\/137249"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}