CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

USA500 price is falling -0.8%

Fast Moving Market - 24/03/2023

24 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 decreased 0.8%. The USA500 and all other US Indices are falling as market sentiment deteriorated with investors still unconvinced the banking crisis in the US has been contained.

Possible Scenarios:

If USA500 fails to breach through S1 of 3950.12, our Research Department expects the USA500 to undergo a short- term upward correction.

If USA500 manages to break below its S1 of 3950.12, our Research Department expects the USA500 to extend its losses to its S2 of 3924.47

Support and Resistance Levels:

USA500

S3

S2

S1

Reference Price

R1

R2

R3

3898.82

3924.47

3950.12

3984.32

4018.52

4044.17

4069.82

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €92.76

(+/-) £75.76

*1 trading lot is equivalent of 10 units
**EUR/USD = 1.07800
***GBP/USD = 1.22450
Calculations for exchange rate used as of Friday, March 24, 2023, GMT 09:35h

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