CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

GER40 price is falling -1.0%

Fast Moving Market - 20/12/2024

20 December, 2024

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 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.

NEWS: GER40 price is falling -1.0% after news of a potential trade war between the European Union and the United States

Possible Scenarios:

If GER40 fails to breach through S2 of 19894.50, our Research Department expects the GER40 to undergo a short- term upward correction.

If GER40 manages to break below its S2 of 19894.50, our Research Department expects the GER40 to extend its losses to its S3 of 19836.00

Support and Resistance Levels:

GER40

S3

S2

S1

Reference Price

R1

R2

R3

19836.00

19894.50

19953.00

20031.00

20109.00

20167.50

20226.00

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*

USD

EUR**

GBP***

(+/-) $103.85

(+/-) €100

(+/-) £79.97

*1 trading lot is equivalent of 10 units
**EUR/USD= 1.03846
***GBP/USD= 1.25047
Calculations for exchange rate used as of Friday, December 20, 2024, 11:00 GMT

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