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 |
|
14,410 |
|
14,210 |
|
13,910 |
|
13,530 |
|
13,230 |
|
13,030 |
Example of calculation based on weekly trend direction for 1.00 Lot*
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