Currency Forecast, November 26th 2013

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Currency Forecast, November 26th 2013
Currency Forecast, November 26th 2013

Currency Forecast, November 26th 2013

Hopefully this is the beginning of a larger correction with THE EURJPY and USDJPY moving lower. Also gold moved higher, which is a good sign for this scenario.

We are currently living in a huge bubble when you look at the stocks market. If national banks continue this strategy for a longer period, it will end in a disaster. At least in the first quarter of next year there has to be a sign from them that something will change which will correct those stock markets and in this scenario, especially THE EURJPY will drop.

Let’s see if I am right and we see an extension of this current move.

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 1,3560 , USDCHF 0,9085 , EURCHF 1,2310 , USDJPY 101,35 , EURJPY 137,40 , EURHUF 298,50 , USDCAD 1,0545 , GOLD 1.253,00

EURUSD
(Entry lvl):
Current position: Short 3 @ 1,3150
Target:
Stop lvl:
Last trade:
P/L (ytd): -110 pips

USDJPY
(Entry lvl):
Current position: Short 3 @ 100,18
Target:
Stop lvl:
Last trade:
P/L (ytd): +2240 pips

EURJPY
(Entry lvl):
Current position: Short 3 @ 134,90
Target:
Stop lvl:
Last trade:
P/L (ytd): +1078 pips

USDCHF
(Entry lvl):
Current position: Long 3 @ 0,9366
Target:
Stop lvl:
Last trade:
P/L (ytd): +440 pips

EURCHF
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +741 pips

EURHUF
(Entry lvl): Sell 3 @ 300,00
Current position: flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +2540 pips

USDCAD
(Entry lvl):
Current position: flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +500 pips

XAUUSD (Gold)
(Entry lvl):
Current position: long 1k @ 1.245,00
Target:
Stop lvl:
Last trade:
P/L (ytd): +258.000 USD

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