Currency Forecast, February 24th 2014

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Currency Forecast, February 24th 2014
Currency Forecast, February 24th 2014

Currency Forecast, February 24th 2014

The story in Ukraine is still going. Now the big question will be how they can find a solution as the eastern part of the Ukraine would like to join Russia and the western part of the Ukraine like to be closer to the European Union. What would be the consequences of a split of the Ukraine? Only thing I know is that the USA already warned Russia not to send any troops. So let’s see.

EURTRY – I bought back 1 @ 3,0000. The rest I like to keep for a bigger move lower – but should we see a small rebound to 3,0500, I would like to sell again there.

The rest of the positions is fine for now and the week should start again quiet, unless we hear any news out of the Ukraine.

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 0,8870 , EURCHF 1,2190 , USDJPY 102,25 , EURJPY 140,50 , EURHUF 309,60 , USDCAD 1,1120 , EURTRY 2,9920, EURPLN 4,1530, GOLD 1.327,00

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): Sell 1 @ 3,0500
Current position: Short 2 @ 3,0318
Target:
Stop lvl:
Last trade: Bought 1 @ 3,0000
P/L (ytd): +639 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