NEWS: GER40 price is increasing 1.2% following news of de-escalation of the trade conflict between China and the US in the near future.
Possible Scenarios:
If GER40 fails to breach through R1 of 22096.32, our Research Department expects the GER40 to undergo a short- term downward correction.
If GER40 manages to break above its R1 of 22096.32, our Research Department expects the GER40 to extend its gains to its R2 of 22215.06.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
21542.20 |
21660.94 |
21779.68 |
21938.00 |
22096.32 |
22215.06 |
22333.80 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $113.98 |
(+/-) €100 |
(+/-) £75.19 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.13981
***GBP/USD = 1.32996
Calculations for exchange rate used as of Wednesday, April 23, 2025, 09:40 GMT+1