NEWS: USA500 price is falling -0.6% due to higher than expected GDP Price index data from the US.
Possible Scenarios:
If USA500 fails to breach through S2 of 5024.78, our Research Department expects the USA500 to undergo a short- term upward correction.
If USA500 manages to break below its S2 of 5024.78, our Research Department expects the USA500 to extend its losses to its S3 of 5003.12.
Support and Resistance Levels:
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
5003.12 |
5024.78 |
5046.44 |
5075.32 |
5104.20 |
5125.86 |
5147.52 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €93.52 |
(+/-) £74.99 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.06933
***GBP/USD = 1.24714
Calculations for exchange rate used as of Thursday, April 25, 2024, 13:52 (GMT+1)