Currency Forecast, December 10th 2013

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Currency Forecast, December 10th 2013
Currency Forecast, December 10th 2013

Currency Forecast, December 10th 2013

EURJPY moved above the 140,00 level, so I stopped the position as mentioned at 140,10. It looks like a trend and I will wait for higher levels to go short there then maybe again.

I will do the same with EURUSD and USDJPY should they trade at 1,4000 and/or 105,00.

Looks like there is a good chance to see some kind of rally in the stocks market towards Xmas and New Year.

Today we will not see many important economic data released, so it could be again a risk on day, with the EURJPY higher, if stocks close again a touch higher at least.

Good luck,

**relatedarticle**

Current trades, positions and levels:

For info how the model works: The P/L is always calculated with the size of 1. So if the position is 1 and it makes a profit of 100 pips, the P/L would be +100 pips. If the position is 2 and it makes a profit of 100 pips, the P/L would be +200 pips of course – it is always calculated with the position size of 1. The position could go up to 3, in case the system has a strong view.

Current spot: EURUSD 1,3740 , USDCHF 0,8900 , EURCHF 1,2235 , USDJPY 103,15 , EURJPY 141,75 , EURHUF 301,10 , USDCAD 1,0640 , GOLD 1.243,00

EURUSD
(Entry lvl):
Current position: Short 3 @ 1,3150
Target:
Stop lvl:
Last trade:
P/L (ytd): -110 pips

USDJPY
(Entry lvl):
Current position: Short 3 @ 100,18
Target:
Stop lvl:
Last trade:
P/L (ytd): +2240 pips

EURJPY
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade: Bought 3 @ 140,10
P/L (ytd): -782 pips

USDCHF
(Entry lvl):
Current position: Long 3 @ 0,9366
Target:
Stop lvl:
Last trade:
P/L (ytd): +440 pips

EURCHF
(Entry lvl):
Current position: Long 2 @ 1,2265
Target:
Stop lvl:
Last trade: Bought 2 @ 1,2265
P/L (ytd): +741 pips

EURHUF
(Entry lvl):
Current position: Short 3 @ 300,00
Target:
Stop lvl:
Last trade:
P/L (ytd): +2540 pips

USDCAD
(Entry lvl):
Current position: Short 2 @ 1,0620
Target:
Stop lvl:
Last trade: Sold 2 @ 1,0620
P/L (ytd): +500 pips

XAUUSD (Gold)
(Entry lvl):
Current position: long 2k @ 1.233,50
Target:
Stop lvl:
Last trade: Bought 1k @ 1.222,00
P/L (ytd): +258.000 USD

To contact the reporter of this story: Marco Roemer at marco@forexminute.com