Currency Forecast, January 30th 2014

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Currency Forecast, January 30th 2014
Currency Forecast, January 30th 2014

Currency Forecast, January 30th 2014

EURUSD is currently trying again to break the 1,3600 support, which this time I think will happen.

I like to use the opportunity (perhaps last one) to add to the EURCHF, EURTRY and EURHUF position. I think the problems in the Emerging Market will be sort out very soon, so I would get involved if you are not yet.

Should USDJPY trade below 101,50 I like to buy smalls there, just for info, but the emerging market is now the big table where to play.

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 1,3620 , USDCHF 0,8985 , EURCHF 1,2235 , USDJPY 102,35 , EURJPY 139,45 , EURHUF 311,40 , USDCAD 1,1180 , EURTRY 3,1130, GOLD 1.257,00

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

USDJPY
(Entry lvl): Buy 2 @ 101,50
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 3 @ 1,2265
Target:
Stop lvl:
Last trade: Bought 1 @ 1,2235
P/L (ytd):

EURHUF
(Entry lvl):
Current position: Short 3 @ 303,70
Target:
Stop lvl:
Last trade: Sold 1 @ 311,30
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 @ 3,0093
Target:
Stop lvl:
Last trade: Sold 1 @ 3,1120
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