Currency Forecast, October 1st 2013

0
104
Currency Forecast, October 1st 2013
Currency Forecast, October 1st 2013

Currency Forecast, October 1st 2013

Well, this move higher in the EURUSD and EURJPY surprised me a bit, as I would have thought that the story in Italy would have more impact on the markets. Nothing has changed though and we only need to watch, if we break the big level of 1,3600-1,3610 in the EURUSD. Should we break it, then I would close all the short EUR positions, as this would mean we left the big range in the EURUSD.

Today we will see some employment data out of European countries, which could have some impact on the markets in case they are really bad or really good ones.

For the rest of the day, we only need to watch this huge EURUSD level.

The positive currency pair is EURHUF, which finally started moving lower. There I still have the target of 295,00 where I like to take profit.

Good luck,

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.

**relatedarticle**

Current spot: EURUSD 1,3575 , USDCHF 0,9010 , EURCHF 1,2230 , USDJPY 97,95 , EURJPY 132,95 , EURHUF 297,10 , USDCAD 1,0290 , GOLD 1.332,00

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): +1980 pips

EURJPY
(Entry lvl):
Current position: short 3 @ 132,26
Target:
Stop lvl:
Last trade:
P/L (ytd): +640 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 @ 1,2288
Target:
Stop lvl:
Last trade: Bought 1 @ 1,2265
P/L (ytd): +390 pips

EURHUF
(Entry lvl):
Current position: Short 2 @ 299,90
Target:
Stop lvl:
Last trade:
P/L (ytd): +1560 pips

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

XAUUSD (Gold)
(Entry lvl):
Current position: flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +238.000 USD

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