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.

The GER40 price increased 0.6%

Fast Moving Market - 26/03/2024

26 March, 2024

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: The GER40 price increased 0.6% as German Consumer Climate figures were better than expected.

Possible Scenarios:

If GER40 fails to breach through R2 of 18653.92, our Research Department expects the GER40 to undergo a short- term downward correction.

If GER40 manages to break above its R2 of 18653.92, our Research Department expects the GER40 to extend its gains to its R3 of 18697.60.

Support and Resistance Levels:

GER40

S3

S2

S1

Reference Price

R1

R2

R3

18406.40

18450.08

18493.76

18552.0

18610.24

18653.92

18697.60

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*

USD

EUR**

GBP***

(+/-) $108.56

(+/-) €100

(+/-) £79

*1 trading lot is equivalent of 10 units
**EUR/USD= 1.08563
***GBP/USD= 1.26582
Calculations for exchange rate used as of Tuesday, March 26, 2024, 11:21 GMT

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