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. 70.91% 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.

USA 100

Special Reports - 11/02/2021

11 February, 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.

USA 100 weekly upward opportunity based On 1.00 Lot Calculation:

  • EVENT: (Thursday, February 25 at 1:30 pm GMT) – US GDP for the fourth quarter of 2020 will be released. It is expected to rise, from 4% to 33.2% (forecast);
  • Strong earnings continue to support tech stocks. Headlines for the last several weeks have shown companies outperforming expectations (Amazon, Apple, Netflix…);
  • Expectations that Congress will deliver another fiscal stimulus package close in size to President Joe Biden’s $1.9 trillion proposals has been a major driver of a US stocks;

USA 100, February 11, 2020
Current Price: 13,715

USA 100

Weekly

Trend Direction

UP

Resistance 3

14,410

Resistance 2

14,210

Resistance 1

13,910

Support 1

13,530

Support 2

13,230

Support 3

13,030

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

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss Short in $

6,950

4,950

1,950

-1,850

-4,850

-6,850

Profit or loss Short in €**

5,777

4,115

1,621

-1,538

-4,032

-5,694

Profit or loss Short in £**

7,445

3,619

1,426

-1,353

-3,546

-5,008

Profit or loss Short in C$**

8,879

6,324

2,491

-2,364

-6,196

-8,752

* 1.00 lot is equivalent of 10 units
** Calculations for exchange rate used as of 13:15 am (GMT) 11/2/2021
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

Share It With Your Network
USA100 Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now