AUD/USD Weekly downtrend opportunity based on 1.00 Lot Calculation:
- EVENT: Friday, December 3, 13:30 GMT – US Nonfarm Payrolls (NFP) for November. The figures are expected to show that the US economy added around 550,000 new jobs in the last month. The unemployment rate is expected to drop further from 4.6% to 4.5%.
- Risky currencies, the Aussie dollar especially, are negatively affected by the rise of risk aversion among market participants following the discovery of a new (omicron) variant of the corona virus.
AUD/USD, November 30, 2021
Current Price: 0.7133
AUD/USD |
Weekly |
Trend Direction |
|
0.7233 |
|
0.7213 |
|
0.7193 |
|
0.7073 |
|
0.7053 |
|
0.7033 |
Example of calculation based on weekly trend direction for 1.00 Lot*
Profit or loss Short in $ |
-1,000 |
-800 |
-600 |
600 |
800 |
1,000 |
Profit or loss Short in €** |
-880 |
-704 |
-528 |
528 |
704 |
880 |
Profit or loss Short in £** |
-749 |
-600 |
-450 |
450 |
600 |
749 |
Profit or loss Short in C$** |
-1,279 |
-1,024 |
-768 |
768 |
1,024 |
1,279 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 10:15 am (GMT) 30/11/2021
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