Currency Forecast, February 21st 2014

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Currency Forecast, February 21st 2014
Currency Forecast, February 21st 2014

Currency Forecast, February 21st 2014

The situation in Ukraine is still the same and it can become worse anytime. As Russia is trying to keep the Ukraine away from the EU, it could really happen that we see a split of Ukraine – one part will belong to Russia and the other part will be still the Ukraine, which will be closer to the EU then.

On the currency market, nothing big is really going on. EURTRY and EURHUF moved both a bit lower, which is good. EURTRY I like to buy back the 1 @ 3,0000 again, to be able to sell again on a move higher, if we should see.

Gold, EURUSD and EURJPY did not really move, and as there are no important figures out today, it could be a quiet Friday. Only if something would happen in the Ukraine, that could shake the market a bit.

Good luck,

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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 1,3710 , USDCHF 0,8895 , EURCHF 1,2205 , USDJPY 102,40 , EURJPY 140,45 , EURHUF 311,00 , USDCAD 1,1150 , EURTRY 3,0180, EURPLN 4,1630, GOLD 1.320,00

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

USDJPY
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
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): Buy 1 @ 3,0000
Current position: Short 3 @ 3,0318
Target:
Stop lvl:
Last trade: Sold 1 @ 3,0500
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:
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