The GER40 price is falling -0.5%

Fast Moving Market - 21/03/2024

21 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 is falling -0.5%, because the Germany Manufacturing PMI was lower than expected.

Possible Scenarios:

If GER40 fails to breach through S2 of 18292.20, our Research Department expects the GER40 to undergo a short- term upward correction.

If GER40 manages to break below its S2 of 18292.20, our Research Department expects the GER40 to extend its losses to its S3 of 18246.00

Support and Resistance Levels:

GER40	S3	S2	S1	Reference Price	R1	R2	R3
GER40	18246.00	18292.20	18338.40	18400.00	18461.60	18507.80	18554.00

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*			USD	EUR**	GBP***
10 points per 1 trading lot*			(+/-) $109.2	(+/-) €100	(+/-) £78.34

*1 trading lot is equivalent of 10 units
**EUR/USD= 1.09195
***GBP/USD= 1.27653
Calculations for exchange rate used as of Thursday, March 21, 2024, 11:16 GMT

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