{"id":159344,"date":"2019-11-08T10:30:32","date_gmt":"2019-11-08T15:30:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=159344"},"modified":"2019-11-08T06:20:33","modified_gmt":"2019-11-08T11:20:33","slug":"de30-analysis-improving-german-data-bullish-for-germany-stock-index-de30","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/de30-analysis-improving-german-data-bullish-for-germany-stock-index-de30\/","title":{"rendered":"DE30 Analysis: Improving German data bullish for Germany Stock Index DE30"},"content":{"rendered":"<div id=\"inves-3108391937\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 8, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Improving German data bullish for DE30<\/strong><\/p>\n<p>Germany\u2019s private sector activity contraction was less than forecast in October. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/indices\/de30\"> DE30 <\/a> stock index continue advancing?<\/p>\n<p>German data lately were positive on balance: the services sector expansion accelerated in October and contraction in manufacturing sector slowed. Markit\u2019s services PMI rose to 51.6 from 51.4 while the manufacturing PMI inched up to 42.1 from 41.7 in September. Readings above 50 indicate expansion, below 50 mark contraction. Composite PMI edged up to 48.9 from 48.5 in September, indicating slowing contraction in private sector activity for October. And factory orders rose 1.3% on month in September after 0.4% decline in August. At the same time construction PMI rose to 51.5 from 50.1 in September. And on the consumer end retail sales rose 3.4% over year in September after 3.1% growth in August. Improving data are bullish for Germany\u2019s stock market index.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/DE30_8November2019.jpg\" alt=\"DE30 gaining above MA(200) 11\/8\/2019 Technical Analysis IFC Markets chart\" width=\"660px\" \/><\/p>\n<p class=\"ul-tick\">On the daily timeframe <b>DE30: D1 <\/b> is rising above 200-day moving average MA(200) which is also rising.<\/p>\n<ul class=\"ul-tick\">\n<li>The <b>Donchian channel <\/b> indicates uptrend: it is widening up.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> has formed a buy signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/MACD\">MACD indicator <\/a> is above the signal line and the gap is widening, which is a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> Stochastic oscillator <\/a> is in the overbought zone, this is bearish.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue as the price breaches above the upper boundary of Donchian channel at 13206.55. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian boundary at 12742.60. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit\/loss ratio to the breakeven point. If the price meets the stop loss level (12792.60) without reaching the order (13206.55), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.<\/p><div id=\"inves-2156887736\" 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<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\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 13206.55<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 12792.60<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Improving German data bullish for DE30 Germany\u2019s private sector activity contraction was less than forecast in October. Will the DE30 stock index continue advancing? German data lately were positive on balance: the services sector expansion accelerated in October and contraction in manufacturing sector slowed. Markit\u2019s services PMI rose to 51.6 from 51.4 while [&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-159344","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159344","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=159344"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159344\/revisions"}],"predecessor-version":[{"id":159354,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159344\/revisions\/159354"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=159344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=159344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=159344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}