USA500 price increased 1.5%

Fast Moving Market - 23/03/2023

23 March, 2023

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: USA500 price has increased 1.5%. The USA500 and all other US Indices are rising sharply as market sentiment improves on a more dovish federal reserve statement issued at yesterday’s conference.

Possible Scenarios:

If USA500 fails to breach through R2 of 4053.21, our Research Department expects the USA500 to undergo a short- term downward correction.

If USA500 manages to break above its R2 of 4053.21, our Research Department expects the USA500 to extend its gains to its R3 of 4079.63.

Support and Resistance Levels:

USA500	S3	S2	S1	Reference Price	R1	R2	R3
USA500	3903.53	3929.95	3956.36	3991.58	4026.80	4053.21	4079.63

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*			USD	EUR**	GBP***
10 points per 1 trading lot*			(+/-) $100	(+/-) €91.76	(+/-) £74.5

*1 trading lot is equivalent of 10 units
**EUR/USD = 1.08981
***GBP/USD = 1.23164
Calculations for exchange rate used as of Thursday, March 23, 2023, GMT 15:15h

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