NEWS: The GER40 price is falling by 3.0% due to concerns that the escalating tariff war between the U.S. and China could lead to a global economic recession.
Possible Scenarios:
If GER40 fails to breach through S1 of 20261.7, our Research Department expects the GER40 to undergo a short- term upward correction.
If GER40 manages to break below its S1 of 20261.7, our Research Department expects the GER40 to extend its losses to its S2 of 19734.3
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
19206.80 |
19734.26 |
20261.72 |
20965.00 |
21668.28 |
22195.74 |
22723.20 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $114.25 |
(+/-) €100 |
(+/-) £76.32 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.14249
***GBP/USD= 1.31035
Calculations for exchange rate used as of Friday, April 11, 2025, 09:40 GMT