Germany Index GER30 is now in a very powerful uptrend. After the breakthrough of 10833 the price just flew up. This trading instrument is very liquid and has a small spread, which makes it very attractive for investors and traders. Taking into account the small trading costs and high profit potential, GER30 index is one of the leaders in the list of index trading instruments and contracts for difference CFD. Now the price has clung to the level of 11485 and now is almost a week in one place, not rolling away ago. This reflects the increasing demand for this index. Price is simply not allowed to fall in the absence of a large retailer. Now all indicators show a growing trend, there is still a good time to go to market with the purchase. Given the magnitude of price changes in recent years, the goal seems to be more than 5,000 points is not great. Therefore, in case of breaking the resistance level we join the bulls. It’s a best ways to be successful at foreign exchange trading.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 11485.00
• The level of profit and close the position: 11540.00 (5500 pips)
Possible bearish movement in the breakdown of the support level 1150.50
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2220
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0295
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 117.50
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