NEWS: GER40 price is falling -1.4% following profit taking that took place after GER40 index reached a fresh all time high earlier today.
Possible Scenarios:
If GER40 fails to breach through S2 of 22572.24, our Research Department expects the GER40 to undergo a short- term upward correction.
If GER40 manages to break below its S2 of 22572.24, our Research Department expects the GER40 to extend its losses to its S3 of 22489.20
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
22489.20 |
22572.24 |
22655.28 |
22766.00 |
22876.72 |
22959.76 |
23042.80 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $104.29 |
(+/-) €100 |
(+/-) £79.43 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.04285
***GBP/USD= 1.25897
Calculations for exchange rate used as of Wednesday, February 19, 2025, 13:30 GMT