NEWS: GER40 price is falling -4.9% as global trade war fears are growing, following China's decision to place tariffs on US goods.
Possible Scenarios:
If GER40 fails to breach through S1 of 18707.18, our Research Department expects the GER40 to undergo a short- term upward correction.
If GER40 manages to break below its S1 of 18707.18, our Research Department expects the GER40 to extend its losses to its S2 of 18484.94.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
18262.70 |
18484.94 |
18707.18 |
19003.50 |
19299.82 |
19522.06 |
19744.30 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $110.21 |
(+/-) €100 |
(+/-) £77.49 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.10206
***GBP/USD = 1.29053
Calculations for exchange rate used as of Monday, April 7, 2025, 8:45 GMT+1