Currency Forecast, February 26th 2014

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Currency Forecast, February 26th 2014
Currency Forecast, February 26th 2014

Currency Forecast, February 26th 2014

Sorry, I was on a business trip the yesterday, but as the markets are currently moving (especially Emerging markets, because of Ukraine), I have to send out a daily comment.

I sold again just now the 1 EURTRY @ 3,0500.

Gold also moved higher a bit, but it is still fine to hold on to the position.

Any positive news out of the Ukraine will move Gold, EURTRY lower again, which will happen quite soon in my opinion.

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 1,3720 , USDCHF 0,8890 , EURCHF 1,2195 , USDJPY 102,40 , EURJPY 140,45 , EURHUF 310,40 , USDCAD 1,1105 , EURTRY 3,0500, EURPLN 4,1630, GOLD 1.334,00

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):
Current position: Short 3 @ 3,0378
Target:
Stop lvl:
Last trade: Sold 1 @ 3,0500
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