Currency forecast, March 3rd 2014

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Currency forecast, March 3rd 2014
Currency forecast, March 3rd 2014

Currency forecast, March 3rd 2014

The situation in the Ukraine is still not under control. This situation let the EURCHF move lower down to 1,2105. As I am already positioned there, I like to get involved in USDCHF, as I think anyway too that the EURUSD will move lower, so I bought USDCHF here at 0,8805.

EURTRY and EURHUF were not that much involved so far, though any de-escalation would help those currencies of course.

Also the price for gold climbed because of the current situation, but should come off again very soon again, once we see some kind of solution between Russia and the Ukraine.

Economy data do not count for the moment, as the whole focus is on the Ukraine situation.

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 1,3775 , USDCHF 0,8805 , EURCHF 1,2135 , USDJPY 101,35 , EURJPY 139,65 , EURHUF 312,50 , USDCAD 1,1060 , EURTRY 3,0580, EURPLN 4,1930, GOLD 1.346,00

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: Long 2 @ 0,8805
Target:
Stop lvl:
Last trade: Bought 2 @ 0,8805
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:
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@for