Currency Forecast, February 10th 2014

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Currency Forecast, February 10th 2014
Currency Forecast, February 10th 2014

Currency Forecast, February 10th 2014

USDJPY moved above 102,50 – so I placed the stop profit order at 101,90.

EURTRY came back quite quickly – so was not the worst idea to buy at least one back at 3,0000. I like to resell the one at 3,0500 , should we see that level again before moving lower.

After the voting in Switzerland, EURCHF moved a bit higher, I would expect to see EURCHF above 1,2300 soon.

I sole just 1 EURJPY here at 139,55 – as I think EURUSD will move lower and it is also a bit of hedge against the USDJPY position.

I also would like to sell gold, if we see it trading at 1300,00.

The rest I like to watch a bit furthermore to see if there are some trends, but for now it seems quiet, as also I have not heard anything about stops – so this could be a very quiet start into the week.

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 1,3625 , USDCHF 0,8990 , EURCHF 1,2250 , USDJPY 102,45 , EURJPY 139,55 , EURHUF 307,45 , USDCAD 1,1030 , EURTRY 3,0220, GOLD 1.272,00

EURUSD
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +280 pips

USDJPY
(Entry lvl):
Current position: Long 2 @ 101,50
Target:
Stop lvl: Sell 2 @ 101,90
Last trade:
P/L (ytd): +90 pips

EURJPY
(Entry lvl):
Current position: Short 1 @ 139,55
Target:
Stop lvl:
Last trade: Sold 1 @ 139,55
P/L (ytd): +375 Pips

USDCHF
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURCHF
(Entry lvl):
Current position: Long 3 @ 1,2265
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURHUF
(Entry lvl):
Current position: Short 3 @ 303,70
Target:
Stop lvl:
Last trade:
P/L (ytd):

USDCAD
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): -1146 pips

EURTRY
(Entry lvl): Sell 1 @ 3,0500
Current position: Short 2 @ 3,0093
Target:
Stop lvl:
Last trade:
P/L (ytd): +93 pips (without carry P/L)

XAUUSD (Gold)
(Entry lvl): Sell 2k ounces @ 1300,00
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURPLN
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +1000 pips

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