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 - 02/09/2021

02 September, 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, September 3 at 08:55 GMT+1) - German Services PMI for August. The index is expected to show 61.5 points.
    EVENT: (Friday, September 3 at 13:30 GMT+1) - US Nonfarm Payrolls (NFP) for August. The figures are expected to show growth deceleration in newly created jobs in the US economy, which may prompt the US Federal Reserve to continue with its massive bond-buying program. Strong monetary support of central banks helped tremendously stock markets across the globe.
  • The German stock index is in a strong uptrend that may continue.

GER 30, September 2, 2021
Current Price: 15,845

GER30

Daily

Trend Direction

UP

Resistance 3

15,985

Resistance 2

15,965

Resistance 1

15,945

Support 1

15,745

Support 2

15,725

Support 3

15,705

Example of calculation based on daily 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 $

1,658

1,421

1,185

-1,185

-1,421

-1,658

Profit or loss Short in €**

1,400

1,200

1,000

-1,000

-1,200

-1,400

Profit or loss Short in £**

1,203

1,031

859

-859

-1,031

-1,203

Profit or loss Short in C$**

2,088

1,790

1,491

-1,491

-1,790

-2,088

* 1.00 lot is equivalent of 10 units
** Calculations for exchange rate used as of 09:00 am (GMT) 2/9/2021
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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