GER40 price is increasing 0.7%

Fast Moving Market - 13/12/2024

13 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 increasing 0.7% to reach fresh all time highs following the ECB interest rate cut decision of 25 bps

Possible Scenarios:

If GER40 fails to breach through Reference Price of 20543,00 our Research Department expects the GER40 to undergo a short- term downward correction.

If GER40 manages to break above its Reference Price of 20543,00 our Research Department expects the GER40 to extend its gains to its R1 of 20595.52.

Support and Resistance Levels:

GER40	S3	S2	S1	Reference Price	R1	R2	R3
GER40	20411.70	20451.09	20490.48	20543.00	20595.52	20634.91	20674.30

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*	USD	EUR**	GBP***
10 points per 1 trading lot*	(+/-) $104.68	(+/-) €100	(+/-) £79.18

*1 trading lot is equivalent of 10 units
**EUR/USD = 1.04677
***GBP/USD = 1.26289
Calculations for exchange rate used as of Friday, December 13, 2024, 09:10 GMT

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