Currency Forecast, February 11th 2014

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Currency Forecast, February 11th 2014
Currency Forecast, February 11th 2014

Currency Forecast, February 11th 2014

EURTRY – the high yesterday was 3,0506 so I could resell the one luckily. I would again like to buy it back, should we see it trading at 3,0000

I also like to increase the EURJPY position and therefore I sold one more at 139,90.

For today I expect again a quiet market, though there could be some correction in EURUSD and EURJPY to the downside.

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 1,3670 , USDCHF 0,8955 , EURCHF 1,2245 , USDJPY 102,35 , EURJPY 139,90 , EURHUF 310,20 , USDCAD 1,1070 , EURTRY 3,0195, GOLD 1.284,00

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 2 @ 139,72
Target:
Stop lvl:
Last trade: Sold 1 @ 139,90
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): Buy 1 @ 3,0000
Current position: Short 3 @ 3,0228
Target:
Stop lvl:
Last trade: Sold 1 @ 3,0500
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