NEWS: GER40 price is falling 0.9% after first hitting a fresh all-time high of 19,033.
Possible Scenarios:
If GER40 fails to breach through S1 of 18813.04, our Research Department expects GER40 to undergo a short- term upward correction.
If GER40 manages to break below its S1 of 18813.04, our Research Department expects GER40 to extend its losses to its S2 of 18763.57.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
18714.10 |
18763.57 |
18813.04 |
18879.00 |
18944.96 |
18994.43 |
19043.90 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $110.38 |
(+/-) €100 |
(+/-) £76.21 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.10375
***GBP/USD = 1.31209
Calculations for exchange rate used as of Tuesday, September 3, 2024, 11:59 GMT+1