CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

GER30

Market Opportunities - 29/07/2021

29 July, 2021

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 daily upward opportunity based On 1.00 Lot Calculation:

  • EVENT: (Friday, July 30 at 08:00 am GMT) - German GDP for second quarter will be released. Investors expect German economy to have expanded by 2.0% following the -1.8% growth recorded in the first quarter.
  • German stocks were higher in the last few days as gains in the Software, Technology and Transportation & Logistics sectors led shares higher.
  • The German stock index is in a strong uptrend that may continue.

GER 30, July 29, 2021
Current Price: 15,600.00

GER30

Daily

Trend Direction

UP

Resistance 3

15,900.00

Resistance 2

15,800.00

Resistance 1

15,680.00

Support 1

15,520.00

Support 2

15,410.00

Support 3

15,310.00

Example of calculation based 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 $

3,562

2,374

950

-950

-2,256

-3,443

Profit or loss Short in €**

3,000

2,000

800

-800

-1,900

-2,900

Profit or loss Short in £**

2,553

1,702

681

-681

-1,617

-2,468

Profit or loss Short in C$**

4,441

2,960

1,184

-1,184

-2,812

-4,293

* 1.00 lot is equivalent of 10 units
** Calculations for exchange rate used as of 11:00 am (GMT) 29/7/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client 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 Client Manager for more details

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