NEWS: GER40 price is increasing 1.0% following positive economic data from Germany and less threatening comments from Donald Trump yesterday on tariffs due April 2nd.
Possible Scenarios:
If GER40 fails to breach through Reference Price of 23358.10, our Research Department expects the GER40 to undergo a short- term downward correction.
If GER40 manages to break above its Reference Price of 23358.10, our Research Department expects the GER40 to extend its gains to its R1 of 23523.54.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
22944.50 |
23068.58 |
23192.66 |
23358.10 |
23523.54 |
23647.62 |
23771.70 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $108.18 |
(+/-) €100 |
(+/-) £77.22 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.08182
***GBP/USD= 1.29499
Calculations for exchange rate used as of Tuesday, March 25, 2025, 11:30 GMT