Currency Forecast, January 23rd 2014

0
152
Currency Forecast, January 23rd 2014
Currency Forecast, January 23rd 2014

Currency Forecast, January 23rd 2014

A big jump again in EURTRY which is currently trading at 3,1200. As it is a long-term investment for the carry trade, I leave it for now and keep the TRY on my account. As soon as they get sorted everything regarding the government, we will see a quick turnaround.

USDJPY has not traded at 105,00 again (104,84 was the high), so again I could not sell any.

The USDCAD position I stopped as said last time at 1,1100. This looks like a trend for me now.

Quiet a tuff market so far this year, as the big currency pairs (EURUSD, EURJPY, USDJPY, EURCHF, USDCHF) are trading in a really tight range. Looks like you would make more money at the moment by trading those binary options, where you receive money as long as we don’t trade outside of a predefined range.

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 1,3635 , USDCHF 0,9030 , EURCHF 1,2315 , USDJPY 104,35 , EURJPY 142,25 , EURHUF 303,40 , USDCAD 1,1160 , EURTRY 3,1300, GOLD 1.238,00

EURUSD
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd):

USDJPY
(Entry lvl): Sell 2 @ 105,00
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +90 pips

EURJPY
(Entry lvl):
Current position: Flat
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: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURHUF
(Entry lvl):
Current position: Short 2 @ 299,90
Target:
Stop lvl:
Last trade:
P/L (ytd):

USDCAD
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade: Bought 3 @ 1,1100
P/L (ytd): -1146 pips

EURTRY
(Entry lvl):
Current position: Short 2 @ 2,9580
Target:
Stop lvl:
Last trade:
P/L (ytd):

XAUUSD (Gold)
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd):

To contact the reporter of this story: Marco Roemer at marco@forexminute.com