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GER30

Market Opportunities - 31/07/2020

31 July, 2020

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 opportunity for 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.

GER30 uptrend opportunity based On 1.00 Lot Calculation:

  • The GER30 index has fallen around 4.00% in the last two sessions, managing however to stay above the mark of 12000.
  • The German index could be expected to recover due to ongoing positive sentiment across the global stock markets as central banks’ and government stimulus packages continued to support further economic recovery. This in turn could improve the earnings outlook for many companies even in Germany.
  • The European Central Bank has already agreed to deploy 1.3 trillion euros into the Eurozone economy to support economic recovery, while the EU agreed last week to deploy additional 750 billion euros.
  • From a technical perspective, the GER30 index could be expected to recover as the H4 Relative Strength Index has recently fallen below the oversold threshold of 30.0.

GER30, July 31, 2020
Current Price: 12400

GER30

Weekly

Trend direction

UP

Resistance 3

13830

Resistance 2

13320

Resistance 1

12900

Support 1

11920

Support 2

11560

Support 3

11280

Example of calculation base on weekly trend direction for 1.00 Lot*

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

16,985.68

10,927.85

5,939.05

-5,701.49

9,977.60

-13,303.47

Profit or loss in €**

14,300.00

9,200.00

5,000.00

-4,800.00

-8,400.00

-11,200.00

Profit or loss in £**

12,928.37

8,317.55

4,520.41

-4,339.59

-7,594.29

-10,125.72

Profit or loss in C$**

22,771.35

14,650.10

7,962.01

-7,643.53

-13,376.18

-17,834.90

* 1.00 lot is equivalent of 10 units
** Calculations for exchange rate used as of 9:08 am (GMT+1) 31/07/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details

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