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 |
|
|
15,985 |
|
|
15,965 |
|
|
15,945 |
|
|
15,745 |
|
|
15,725 |
|
|
15,705 |
Example of calculation based on daily trend direction for 1.00 Lot*
|
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