Currency Forecast, November 6th 2013

0
117
Currency Forecast, November 6th 2013
Currency Forecast, November 6th 2013

Currency Forecast, November 6th 2013

Everyone is waiting for the ECB meeting tomorrow and the NFP number on Friday. I expect a quiet day today with small ranges.

EURHUF could be interesting again, if it should trade at 300,00 – where I like to sell some again.

EURCHF rebounded a bit and is trading around 1,2315 at the moment, but that’s not enough, as I like to sell them at 1,2340.

For today I suggest just to sit on the positions, or if you like to trade small ranges like 1,3480-1,3510 in EURUSD, 132,75-133,15 in EURJPY and 98,40-98,70 in USDJPY for example.

Tomorrow will be the important day, so let’s wait until tomorrow.

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 1,3500 , USDCHF 0,9115 , EURCHF 1,2315 , USDJPY 98,50 , EURJPY 133,05 , EURHUF 296,75 , USDCAD 1,0445 , GOLD 1.318,00

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

USDJPY
(Entry lvl):
Current position: flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +2240 pips

EURJPY
(Entry lvl): buy 3 @ 131,75
Current position: Flat
Target:
Stop lvl:
Last trade: Bought 3 @ 133,15
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: long 3 @ 1,2300
Target:
Stop lvl:
Last trade: bought 3 @ 1,2300
P/L (ytd): +621 pips

EURHUF
(Entry lvl): Buy 3 @ 292,00
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:
Target:
Stop lvl:
Last trade:
P/L (ytd): +258.000 USD

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