NEWS: USA100 price is falling -0.5%. The USA100 and other American equity indices are dropping before the weekend as investors are starting to get nervous about the state of the global economy and the prospects of a Fed Tapering announcement at their next meeting on September 22nd.
Possible Scenarios:
If USA100 fails to breach through S1 of 15567.03, our Research Department expects the USA100 to undergo a short-term upward correction.
If USA100 manages to break below its S1 of 15567.03, our Research Department expects the USA100 to extend its losses to its S2 of 15532.18.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
15497.32 |
15532.18 |
15567.03 |
15613.50 |
15659.97 |
15694.82 |
15729.68 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $118.32 |
(+/-) €100 |
(+/-) £72.19 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.18317
***GBP/USD = 1.38520
Calculations for exchange rate used as of 14:47 (GMT+1) 10/09/2021