Currency Forecast, January 27th 2014

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Currency Forecast, January 27th 2014
Currency Forecast, January 27th 2014

Currency Forecast, January 27th 2014

TRY moved a lot today. First EURTRY moved higher towards 3,27 and then back to 3,1500 when there was the announcement that the national bank will give some statements tomorrow.

EURCHF also came back and trades again around 1,2270. There was a big chance to increase the position and to get a better average rate, but I didn’t want to have those huge positions at the beginning of the year.

So all in all nothing really happened. I earn a bit with the carry trades, plus I wait for EURUSD to move lower.

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 1,3670 , USDCHF 0,8975 , EURCHF 1,2270 , USDJPY 102,85 , EURJPY 140,55 , EURHUF 304,70 , USDCAD 1,1045 , EURTRY 3,1540, GOLD 1.264,00

EURUSD
(Entry lvl):
Current position: Short 2 @ 1,3685
Target:
Stop lvl:
Last trade:
P/L (ytd):

USDJPY
(Entry lvl):
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: Long 2 @ 1,2280
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:
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