Currency Forecast, February 14th 2014

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Currency Forecast, February 14th 2014
Currency Forecast, February 14th 2014

Currency Forecast, February 14th 2014

USDJPY – the stop has been reached, so I sold the USDJPY at 101,90.

EURUSD, EURJPY: looks like that was just another short rebound higher above 1,3700 and above 140,00 before we now see the next move lower. So I sold some EURUSD at 1,3690 as mentioned yesterday.

EURTRY also traded for a short period above 3,000 again, but overall I see this currency pair below 2,9000 at least.

I also sold 2k ounces of Gold at 1300,00 – as the gold price climbed without any reason and I expect the central banks to remove some more liquidity off the markets soon.

EURPLN – here it is the opposite, as I would like to buy some EURPLN, should we see it trading at 4,1400.

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 0,8975 , EURCHF 1,2225 , USDJPY 102,10 , EURJPY 139,15 , EURHUF 310,00 , USDCAD 1,0990 , EURTRY 2,9940, GOLD 1.288,00

EURUSD
(Entry lvl):
Current position: Short 2 @ 1,3690
Target:
Stop lvl:
Last trade: Sold 2 @ 1,3690
P/L (ytd): +280 pips

USDJPY
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade: Sold 2 @ 101,90
P/L (ytd): +170 pips

EURJPY
(Entry lvl):
Current position: Short 2 @ 139,72
Target:
Stop lvl:
Last trade:
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):
Current position: Short 2 @ 3,0228
Target:
Stop lvl:
Last trade:
P/L (ytd): +321 pips (without carry P/L)

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

EURPLN
(Entry lvl): Buy 2 @ 4,1400
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