CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

PayPal

Special Reports - 29/01/2021

29 January, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

PayPal weekly uptrend opportunity based On 1.00 Lot Calculation:

  • PayPal is an US company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods like checks and money orders.
  • PayPal will publish their earnings report on February 3. The company is expected to report EPS of $1, up 16.28% from the prior-year quarter and revenue is projecting net sales of $6.07 billion, up 22.28% from the year-ago period.
  • PayPal has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data. PayPal bought 70% stake in GoPay (Chinese company) in 2019 and acquired an additional 30% on December 31, 2020. Taking the full control of GoPay, PayPal is now in position to compete with Alipay on the China ground. Alipay is owned by Alibaba-affiliated Ant Group which Chinese government recently opened an investigation on.
  • PayPal made an announcement in October that it is launching a new service that allows its users to buy, sell, and hold cryptocurrencies in its PayPal digital wallet. PayPal stock has doubled over the past year on the accelerating adoption of digital payments.

PayPal, January 29, 2021
Current Price: 238.03

PayPal

Weekly

Trend direction

UP

Resistance 3

275.95

Resistance 2

266.18

Resistance 1

255.27

Support 1

221.09

Support 2

212.18

Support 3

202.13

Example of calculation base on weekly trend direction for 1.00 Lot*

PayPal

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

37,920.00

28,150.00

17,240.00

-16,940.00

-25,850.00

-35,900.00

Profit or loss in €**

31,321.76

23,251.78

14,240.17

-13,992.37

-21,351.99

-29,653.25

Profit or loss in £**

27,723.76

20,580.80

12,604.37

-12,385.03

-18,899.24

-26,246.91

Profit or loss in C$**

48,733.65

36,177.54

22,156.33

-21,770.78

-33,221.64

-46,137.60

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:45 (GMT) 29/01/2021
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 detail

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