USD/CAD WEEKLY uptrend opportunity based On 1.00 Lot Calculation:
- The US dollar extended its gains amid rising US government bond yields, which supported the demand for the US currency;
- Crude oil prices are in a temporary retreat exerting additional pressure on the Loonie.
USD/CAD, January 11, 2021
Current price: 1.2763
USD/CAD |
Weekly |
Trend Direction |
|
1.2893 |
|
1.2873 |
|
1.2853 |
|
1.2673 |
|
1.2653 |
|
1.2633 |
Example of calculation based on weekly trend direction for 1.00 Lot*
Profit or loss Short in $ |
1,018 |
862 |
705 |
-705 |
-862 |
-1,018 |
Profit or loss Short in €** |
837 |
709 |
580 |
-580 |
-709 |
-837 |
Profit or loss Short in £** |
755 |
639 |
523 |
-523 |
-639 |
-755 |
Profit or loss Short in C$** |
1,300 |
1,100 |
900 |
-900 |
-1,100 |
-1,300 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 10:00 (GMT) 11/1/2021
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