EUR/USD weekly special report based On 1.00 Lot Calculation:
· EVENT: (NFP and Unemployment, October 6th, 2023 GMT+1 13:30): The United States will report NFP and Unemployment. The last NFP came in at 187k. Unemployment printed 3.8% in the previous report, the highest level since February 2022.
· EVENT: (German Consumer Price Index, October 11th, 2023 GMT+1 7:00): German inflation data is expected to be at 0.3% in line with the market expectations.
·EVENT: (Eurozone Consumer Price Index, October 18th, 2023 GMT+1 10:00): Previous inflation data form EU that was released on Sep 19, 2023 was 5.2%. This is still well above the European Central Bank target of 2% which could lead to conclusion that further interest hike is needed in order to reduce inflation to targeted levels.
·TECHNICAL ANALYSIS: MACD oscillator on the Daily graph chart shows that this pair is in an oversell area which could indicate that current trend might change.
EURUSD, September 29, 2023
Current Price: 1.0575
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.0950 |
|
|
1.0850 |
|
|
1.0750 |
|
|
1.0430 |
|
|
1.0330 |
|
|
1.0250 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
3,750 |
2,750 |
1,750 |
-1,450 |
-2,450 |
-3,250 |
|
Profit or loss in €² |
3,469 |
2,544 |
1,619 |
-1,341 |
-2,266 |
-3,006 |
|
Profit or loss in £² |
2,974 |
2,181 |
1,388 |
-1,150 |
-1,943 |
-2,577 |
|
Profit or loss in C$² |
5,101 |
3,741 |
2,380 |
-1,972 |
-3,333 |
-4,421 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 07:02 (GMT+1) 29/9/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details