GER30 weekly upward opportunity based On 1.00 Lot Calculation:
- EVENT: (Tuesday, August 24 at 7:00 am GMT+1) - Germany’s final GDP for Q2 will be released, which is expected to confirm its preliminary estimate of annual growth of 9.6%;
- EVENT: (Wednesday, August 25 at 9:00 am GMT+1) - German Manufacturing PMI for August will be released. It is expected to be slightly lower than last month (100.4 vs 100.8). The index measures the activity level of purchasing managers in the German manufacturing sector;
- The German stock index is in a strong uptrend that may continue.
GER 30, August 23, 2021
Current Price: 15,800
|
GER30 |
Weekly |
|
Trend Direction |
|
|
16,250 |
|
|
16,100 |
|
|
15,970 |
|
|
15,640 |
|
|
15,520 |
|
|
15,390 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
5,278 |
3,518 |
1,994 |
-1,876 |
-3,284 |
-4,808 |
|
Profit or loss Short in €** |
4,500 |
3,000 |
1,700 |
-1,600 |
-2,800 |
-4,100 |
|
Profit or loss Short in £** |
3,865 |
2,577 |
1,460 |
-1,374 |
-2,405 |
-3,521 |
|
Profit or loss Short in C$** |
6,720 |
4,480 |
2,539 |
-2,390 |
-4,182 |
-6,123 |
* 1.00 lot is equivalent of 10 units
** Calculations for exchange rate used as of 10:40 am (GMT+1) 23/8/2021
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