NEWS: GER40 price increased 1.0% ahead of Eurozone Industrial Production numbers.
Possible Scenarios:
If GER40 fails to breach through R1 of 18319.48, our Research Department expects the GER40 to undergo a short- term downward correction.
If GER40 manages to break above its R1 of 18319.48, our Research Department expects the GER40 to extend its gains to its R2 of 18394.84.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
17967.80 |
18043.16 |
18118.52 |
18219.00 |
18319.48 |
18394.84 |
18470.20 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $106.56 |
(+/-) €100 |
(+/-) £80.13 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.06562
***GBP/USD = 1.24792
Calculations for exchange rate used as of Monday, April 15, 2024, 09:32 GMT+1