CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

GER30 price increased 0.3%

Fast Moving Market - 01/04/2021

01 April, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: GER30 price is rising 0.3% and hitting a new all-time high. Today, the German PMI Manufacturing index continued to reassure investors of a better outlook for the German economy by showing 66.6 points.

Possible Scenarios:

If GER30 fails to breach through R1 of 15113.9, our Research Department expects the GER30 to undergo a short- term downward correction.

If GER30 manages to break above its R1 of 15113.9, our Research Department expects the GER30 to extend its gains to its R2 of 15167.8.

Support and Resistance Levels:

GER30

S3

S2

S1

Reference Price

R1

R2

R3

14862.2

14916.1

14970

15042

15113.9

15167.8

15221.8

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*

USD

EUR**

GBP***

(+/-)117.43$

(+/-)100€

(+/-)72.5£

*1 trading lot is equivalent of 10 units
** EUR/USD = 1.17425
*** GBP/USD = 1.37930
Calculations for exchange rate used as of 09:00 (GMT+1) 1/4/2021

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