March 10, 2025
NEWS: USA 500 price is falling -0.6% after investors assessed the path ahead for President Trump’s tariff plans and looked ahead to a raft of key data this week.
Possible Scenarios:
If USA500 fails to breach through S1 of 5694.51, our Research Department expects the USA500 to undergo a short- term upward correction.
If USA500 manages to break below its S1 of 5694.51, our Research Department expects the USA500 to extend its losses to its S2 of 5653.46.
Support and Resistance Levels:
|
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
5612.41 |
5653.46 |
5694.51 |
5749.24 |
5803.97 |
5845.02 |
5886.07 |
Potential Profit or Potential Loss Calculations:
|
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €92.53 |
(+/-) £71.86 |
|||
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.08076
***GBP/USD = 1.28763
Calculations for exchange rate used as of Monday, March 10, 2025, 10:00: AM
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