NEWS: USA500 price increased 1.3%. The USA500 has increased as risk sentiment towards equities improves with the US dollar index continuing to slide.
Possible Scenarios:
If USA500 fails to breach through R1 of 4029.99, our Research Department expects the USA500 to undergo a short- term downward correction.
If USA500 manages to break above its R1 of 4029.99, our Research Department expects the USA500 to extend its gains to its R2 of 4046.8.
Support and Resistance Levels:
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3951.55 |
3968.36 |
3985.17 |
4007.58 |
4029.99 |
4046.80 |
4063.61 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €96.91 |
(+/-) £81.36 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.03187
***GBP/USD = 1.19110
Calculations for exchange rate used as of 09:50 (GMT) 23/11/2022