NEWS: GER40 Index is rising 0.80%, hitting a new all-time high, as investors expect that fiscal reforms will be approved by the Bundestag later today.
Possible Scenarios:
If GER40 fails to breach through R1 of 23694.24, our Research Department expects GER40 to undergo a short- term downward correction.
If GER40 manages to break above its R1 of 23694.24, our Research Department expects GER40 to extend its gains to its R2 of 23830.92.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
23056.40 |
23193.08 |
23329.76 |
23512.00 |
23694.24 |
23830.92 |
23967.60 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $109.52 |
(+/-) €100 |
(+/-) £76.92 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.09524
***GBP/USD = 1.30004
Calculations for exchange rate used as of Tuesday, March 18, 2025, 08:50 GMT