Currency Forecast, September 25th 2013

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Currency Forecast, September 25th 2013
Currency Forecast, September 25th 2013

Currency Forecast, September 25th 2013

The last 24 hours were very quiet again and in my opinion we will see the next move because of Draghi and the ECB, as currently the FED and also the ECB are trying to weaken their currency. That’s why EURUSD and also EURJPY should move lower again soon.

Also USDJPY could be a very interesting opportunity, should we see it trading below 98,00, where I would like to buy some.

EURCHF held quiet good so far here around 1,2300 and I would expect to see it towards 1,2400 soon, as also the SNB will try to hold it above 1,2300 at least that no one has the idea to test the 1,2000 level again.

In case you are not long on the USDCHF yet, it would be a great level to enter the position here around 0,9110, as this currency pair will show the biggest move in my opinion in the next 48 hours.

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 1,3510 , USDCHF 0,9105 , EURCHF 1,2300 , USDJPY 99,15 , EURJPY 133,90 , EURHUF 298,80 , USDCAD 1,0280 , GOLD 1.319,00

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 2 @ 1,2300
Target:
Stop lvl:
Last trade:
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