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 |
|
|
15,900.00 |
|
|
15,800.00 |
|
|
15,680.00 |
|
|
15,520.00 |
|
|
15,410.00 |
|
|
15,310.00 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
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