NEWS: GER40 price is falling -1.1% following investors taking profits after the index reached a new all time high
Possible Scenarios:
If GER40 fails to breach through S2 of 23263.75, our Research Department expects the GER40 to undergo a short- term upward correction.
If GER40 manages to break below its S2 of 23263.75, our Research Department expects the GER40 to extend its losses to its S3 of 23150.50
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
23150.50 |
23263.75 |
23377.00 |
23528.00 |
23679.00 |
23792.25 |
23905.50 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $108.6 |
(+/-) €100 |
(+/-) £77.13 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.08605
***GBP/USD= 1.29655
Calculations for exchange rate used as of Thursday, March 20, 2025, 09:20 GMT