AUD/USD uptrend opportunity based On 1.00 Lot Calculation:
- Joe Biden is the 46th president of the United States. And although it is a ceremonial process, the markets reacted too nervously to what was happening.
- December's unemployment rate declined from 6.8% to 6.6%. This is the best result since April last year when the Australian labor market reacted to the first quarantine restrictions.
- All this suggests that the pair retains its potential to further rise.
AUD/USD, January 21, 2021
Current Price: 0.7760
|
AUD/USD |
Weekly |
|
Trend Direction |
|
|
0.7950 |
|
|
0.7890 |
|
|
0.7820 |
|
|
0.7700 |
|
|
0.7640 |
|
|
0.7580 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
1,900.00 |
1,300.00 |
600.00 |
-600.00 |
-1,200.00 |
-1,800.00 |
|
Profit or loss Short in €** |
1,565.07 |
1,070.84 |
494.23 |
-494.23 |
-988.47 |
-1,482.70 |
|
Profit or loss Short in £** |
1,139.89 |
946.83 |
437.00 |
-437.00 |
-874.00 |
-1,311.00 |
|
Profit or loss Short in C$** |
2,397.23 |
1,640.21 |
757.02 |
-757.02 |
-1,514.04 |
-2,271.06 |
* 1.00 lot is equivalent of 100 000 units
** Calculations for exchange rate used as of 10:50 am (GMT) 21/01/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details