GER40 price increased 0.9%

Fast Moving Market - 29/09/2023

29 September, 2023

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: GER40 price increased 0.9%. GER40 price increased on the back of news that Eurozone inflation dropped to 4.3%.

Possible Scenarios:

If GER40 fails to breach through R2 of 15602.8, our Research Department expects the GER40 to undergo a short- term downward correction.

If GER40 manages to break above its R2 of 15602.8, our Research Department expects the GER40 to extend its gains to its R3 of 15663.5.

Support and Resistance Levels:

GER40	S3	S2	S1	Reference Price	R1	R2	R3
GER40	15258.5	15319.3	15380.0	15461	15542.0	15602.8	15663.5

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*			USD	EUR**	GBP***
10 points per 1 trading lot*			(+/-) $106.08	(+/-) €100	(+/-) £81.68

*1 trading lot is equivalent of 10 units
**EUR/USD = 1.06076
***GBP/USD = 1.22443
Calculations for exchange rate used as of Friday, September 29, 2023 GMT+1, 10:30: AM

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