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GER30

Market Opportunities - 11/08/2020

11 August, 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 managed to recover due to outperforming auto and airline industry, which have pushed the GER30 index above 12900.
  • The German index could be expected to continue 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.
  • In Germany, Germany’s federal ministries have proposed bringing forward 26 billion euros’ (23.6 billion pounds) worth of expenditure, which should help Europe’s largest economy recover from a coronavirus-induced historic slump

GER30, August 11, 2020
Current Price: 12900

GER30

Weekly

Trend Direction

UP

Resistance 3

13800

Resistance 2

13500

Resistance 1

13300

Support 1

12500

Support 2

12250

Support 3

12000

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

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss Short in $**

10,591.65

7,061.10

4,707.40

-4,707.40

-7,649.53

-10,591.65

Profit or loss Short in €

9,000.00

6,000.00

4,000.00

-4,000.00

-6,500.00

-9,000.00

Profit or loss Short in £**

8,092.83

5,395.22

3,596.81

-3,596.81

-5,844.82

-8,092.83

Profit or loss Short in C$**

14,101.72

9,401.15

6,267.43

-6,267.43

-10,184.58

-14,101.72

* 1.00 lot is equivalent of 10 units
** Calculations for exchange rate used as of 9:40 am (GMT+1) 11/08/2020
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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