AUD/USD Daily downtrend opportunity based on 1.00 Lot Calculation:
- EVENT: Wednesday, September 22, 07:00 PM GMT+1 – The US Federal Reserve’s interest rate decision with an accompanying media conference of the Fed Chair Jerome Powell. Excellent retail sales data released last week strengthened the case for a more bullish Fed stance ahead of the upcoming meeting.
- Evergrande, the second-largest real-estate firm in China is in financial distress and authorities are not willing to bail it out. This creates a strong risk off sentiment among investors. The Aussie is inextricably linked to the health of the Chinese economy and constructive relations between Australia and China;
AUD/USD, September 20, 2021
Current Price: 0.7240
|
AUD/USD |
Daily |
|
Trend Direction |
|
|
0.7360 |
|
|
0.7340 |
|
|
0.7320 |
|
|
0.7160 |
|
|
0.7140 |
|
|
0.7120 |
Example of calculation based on daily trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
-1,200 |
-1,000 |
-800 |
800 |
1,000 |
1,200 |
|
Profit or loss Short in €** |
-1,025 |
-854 |
-683 |
683 |
854 |
1,025 |
|
Profit or loss Short in £** |
-876 |
-730 |
-584 |
584 |
730 |
876 |
|
Profit or loss Short in C$** |
-1,535 |
-1,279 |
-1,023 |
1,023 |
1,279 |
1,535 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 09:10 am (GMT+1) 20/9/2021
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