AUD/USD Weekly downtrend opportunity based On 1.00 Lot Calculation:
- EVENT: Wednesday, August 11 at 13:30 GMT+1 – The US (CPI) inflation data for July. High inflation in the US strengthened the argument for an early move to tightening of the US Federal Reserve’s monetary policy. Expectations for the headline inflation stand at 5.3% after it posted a 5.4% increase in June;
- Sustained US dollar buying interest and worries about rising COVID-19 cases across Australia and China are pulling down this currency pair;
- The currency pair is in a strong downtrend that may continue.
AUD/USD, August 10, 2021
Current Price: 0.7337
|
AUD/USD |
Weekly |
|
Trend Direction |
|
|
0.7447 |
|
|
0.7427 |
|
|
0.7407 |
|
|
0.7267 |
|
|
0.7247 |
|
|
0.7227 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
-1,100 |
-900 |
-700 |
700 |
900 |
1,100 |
|
Profit or loss Short in €** |
-938 |
-767 |
-597 |
597 |
767 |
938 |
|
Profit or loss Short in £** |
-794 |
-649 |
-505 |
505 |
649 |
794 |
|
Profit or loss Short in C$** |
-1,383 |
-1,131 |
-880 |
880 |
1,131 |
1,383 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 09:20 (GMT+1) 10/8/2021
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