Ikon Finance Daily Forex Analysis (May)

Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Thu May 15, 2014 6:32 am

May 15, 2014

Gold closed up on Wednesday and made its intraday high of US$1308.78/ounce before setting intraday low of US$1291.41/ounce. Gold went up by 0.932% at US$1305.59/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1309-1316 with risk hourly closing above 1316, targeting 1301-1290 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1290-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1277 will call for 1272-1268.


Silver closed up on Wednesday on made its intraday high of US$19.97/ounce after setting intraday low of US$19.48/ounce. Silver settled 1.178% up at US$19.75/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.90-20.35 with stop above 20.40; targeting 19.60-19.30 and 19.05-18.95; upside breakout of 20.40 will open the way to 20.90. Buyers can buy above 18.95-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude
futures (June 2014) on Wednesday made an intra-day high of US$102.63/bbl and made an intraday low of US$101.81/bbl and settled up by 1.57% at US$102.04/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 102.40 with target of 99.40- 98.80 and 98.20-97.40; upside breakage of 102.40 will lead to 102.80-103.90.


EUR/USD on Wednesday made an intra-day low of US$1.3697/EUR and made an intraday high of US$1.3729/EUR and settled the day up by 0.080% at US$1.3713/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Wednesday made an intra-day low of US$1.6752/GBP and made an intraday high of US$1.6752/GBP and settled the day down by 0.344% at US$1.6752/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6810-1.6910 with risk above 1.6910; targeting 1.6760-1.6660. Buy above 1.6750-1.6640 with risk above 1.6640; targeting 1.6990-1.7040.


USD/JPY on Wednesday intra-day low of JPY101.71/USD and made an intraday high of JPY 102.27/USD and settled the day 0.361% up at JPY 101.87/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Fri May 16, 2014 6:26 am

May 16, 2014

Gold closed down on Thursday and made its intraday high of US$1307.09/ounce before setting intraday low of US$1290.79/ounce. Gold went down by 0.081% at US$1297.10/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1301-1316 with risk hourly closing above 1316, targeting 1290 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1290-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1277 will call for 1272-1268.


Silver closed down on Thursday on made its intraday high of US$19.39/ounce after setting intraday low of US$19.82/ounce. Silver settled 0.0025% down at US$19.49/ ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.70-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Thursday made an intra-day high of US$102.29/bbl and made an intraday low of US$101.30/bbl and settled up by 0.003% at US$101.50/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.90-102.60 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.60 will lead to 102.90- 103.90.


EUR/USD on Thursday made an intra-day low of US$1.3640/EUR and made an intraday high of US$1.3730/EUR and settled the day down by 0.036% at US$1.3716/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Thursday made an intra-day low of US$1.6730/GBP and made an intraday high of US$1.6804/GBP and settled the day up by 0.131% at US$1.6787/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6810-1.6910 with risk above 1.6910; targeting 1.6760-1.6660. Buy above 1.6750-1.6640 with risk above 1.6640; targeting 1.6990-1.7040.


USD/JPY on Thursday intra-day low of JPY101.30/USD and made an intraday high of JPY 102.10/USD and settled the day 0.314% up at JPY 101.56/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Mon May 19, 2014 7:07 am

May 19, 2014

Gold closed down on Friday and made its intraday high of US$1298.08/ounce before setting intraday low of US$1287.63/ounce. Gold went down by 0.228% at US$1293.22/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1298-1316 with risk hourly closing above 1316, targeting 1290 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1290-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1277 will call for 1272-1268.


Silver closed down on Friday on made its intraday high of US$19.52/ounce after setting intraday low of US$19.25/ounce. Silver settled 0.717% down at US$19.36/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.70-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Friday made an intra-day high of US$102.21/bbl and made an intraday low of US$101.38/bbl and settled up by 0.541% at US$102.10/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.90-102.60 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.60 will lead to 102.90- 103.90.


EUR/USD on Friday made an intra-day low of US$1.3684/EUR and made an intraday high of US$1.3726/EUR and settled the day down by 0.109% at US$1.3693/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Friday made an intra-day low of US$1.6782/GBP and made an intraday high of US$1.6839/GBP and settled the day up by 0.148% at US$1.6812/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6810-1.6910 with risk above 1.6910; targeting 1.6760-1.6660. Buy above 1.6750-1.6640 with risk above 1.6640; targeting 1.6990-1.7040.


USD/JPY on Friday intra-day low of JPY101.35/USD and made an intraday high of JPY 101.66/USD and settled the day 0.050% down at JPY 101.50/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Wed May 21, 2014 6:19 am

May 21, 2014

Gold
closed up on Tuesday and made its intraday high of US$1296.70/ounce before setting intraday low of US$1285.81/ounce. Gold went down by 0.096% at US$1294.03/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver
closed up on Tuesday made its intraday high of US$19.43/ounce after setting intraday low of US$19.23/ounce. Silver settled 0.413% up at US$19.41/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.55-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Tuesday made an intra-day high of US$103.06/bbl and made an intraday low of US$101.95/bbl and settled up by 0.470% at US$102.59/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.00 with target of 102.20-101.70 and 1001.20-100.40; upside breakage of 103.10 will lead to 103.90- 104.40.


EUR/USD on Tuesday made an intra-day low of US$1.3677/EUR and made an intraday high of US$1.3712/EUR and settled the day down by 0.051% at US$1.3700/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Tuesday made an intra-day low of US$1.6801/GBP and made an intraday high of US$1.6863/GBP and settled the day up by 0.154% at US$1.6837/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6770-1.6640 with risk above 1.6640; targeting 1.6990-1.7040. Sell below 1.6910 with risk above 1.6910; targeting 1.6760-1.6660.


USD/JPY on Tuesday intra-day low of JPY101.18/USD and made an intraday high of JPY 101.59/USD and settled the day 0.157% down at JPY 101.34/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 101.20-102.30, targeting 101.50-100.00 and 100.70 with stop above 102.50. Buy on dips at 100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60-103.00.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Thu May 22, 2014 6:32 am

May 22, 2014

Gold closed down on Wednesday and made its intraday high of US$1296.02/ounce before setting intraday low of US$1282.99/ounce. Gold went down by 0.160% at US$1291.70/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed up on Wednesday made its intraday high of US$19.48/ounce after setting intraday low of US$19.27/ounce. Silver settled 0.051% up at US$19.40/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.55-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Wednesday made an intra‐day high of US$104.26/bbl and made an intraday low of US$102.76/bbl and settled up by 0.884% at US$103.83/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 104.30-105.00 with target of 103.40-102.60 and 102.20-101.70; upside breakage of 105.00 will lead to 105.20-106.00. Buy above 103.50-102.60 with risk below 102.60 hourly closing, targeting 104.30-105.00.


EUR/USD on Wednesday made an intra‐day low of US$1.3633/EUR and made an intraday high of US$1.3722/EUR and settled the day down by 0.109% at US$1.3685/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Wednesday made an intra‐day low of US$1.6830/GBP and made an intraday high of US$1.6919/GBP and settled the day up by 0.356% at US$1.6897/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6790-1.6680 with risk above 1.6670; targeting 1.6910-1.6990. Sell below 1.6910 with risk above 1.6910; targeting 1.6790-1.6670.


USD/JPY on Wednesday intra‐day low of JPY100.81/USD and made an intraday high of JPY 101.61/USD and settled the day 0.0395% up at JPY 101.35/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 101.20-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60-103.00. Sell below 101.90-102.50, targeting 101.50-100.00 and 100.70 with stop above 102.50.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Mon May 26, 2014 7:18 am

May 26, 2014

Gold closed down on Friday and made its intraday high of US$1295.34/ounce before setting intraday low of US$1286.56/ounce. Gold went down by 0.119% at US$1292.33/ounce
Trading Strategy: Neutral
Based on the today’s market, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed down on Friday made its intraday high of US$19.52/ounce after setting intraday low of US$19.29/ounce. Silver settled 0.205% down at US$19.43/ounce.
Trading Strategy: Neutral
Based on the today’s market, sell on strength at 19.55-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Friday made an intra‐day high of US$104.48/bbl and made an intraday low of US$103.61/bbl and settled up by 0.646% at US$104.36/bbl on session close
Trading Strategy: Neutral
Based on the today’s market, sell below 104.30-105.00 with target of 103.40-102.60 and 102.20-101.70; upside breakage of 105.00 will lead to 105.20-106.00. Buy above 103.50-102.60 with risk below 102.60 hourly closing, targeting 104.30-105.00.


EUR/USD on Friday made an intra‐day low of US$1.3614/EUR and made an intraday high of US$1.3658/EUR and settled the day down by 0.175% at US$1.3630/EUR on session close.
Trading Strategy: Neutral
Based on the today’s market, sell on strength 1.3690-1.3790 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3610-1.3505 with risk below 1.3610, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Friday made an intra‐day low of US$1.6811/GBP and made an intraday high of US$1.6874/GBP and settled the day down by 0.213% at US$1.6830/GBP on session close
Trading Strategy: Neutral
Based on the today’s market; Buy on dips at 1.6790-1.6680 with risk above 1.6670; targeting 1.6910-1.6990. Sell below 1.6910 with risk above 1.6910; targeting 1.6790-1.6670.


USD/JPY on Friday intra‐day low of JPY101.58/USD and made an intraday high of JPY 101.99/USD and settled the day 0.235% up at JPY 101.96/USD on session close.
Trading Strategy: Neutral
Based on the today’s market; Buy on dips at 101.20-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60-103.00. Sell below 101.90-102.50, targeting 101.50-100.00 and 100.70 with stop above 102.50.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Tue May 27, 2014 6:57 am

May 27, 2014

Gold closed up on Monday and made its intraday high of US$1295.13/ounce before setting intraday low of US$1290.57/ounce. Gold went up by 0.153% at US$1294.30/ ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed up on Monday made its intraday high of US$19.47/ounce after setting intraday low of US$19.36/ounce. Silver settled 0.051% down at US$19.42/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength at 19.55-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Monday made an intra-day high of US$104.30/bbl and made an intraday low of US$103.91/bbl and settled down by 0.115% at US$104.17/ bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 104.50-105.00 with target of 103.40-102.60 and 102.20-101.70; upside breakage of 105.00 will lead to 105.20- 106.00. Buy above 103.50-102.60 with risk below 102.60 hourly closing, targeting 104.30-105.00.


EUR/USD on Monday made an intra-day low of US$1.3612/EUR and made an intraday high of US$1.3653/EUR and settled the day up by 0.168% at US$1.3644/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength 1.3690-1.3790 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3630-1.3505 with risk below 1.3500, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Monday made an intra-day low of US$1.6821/GBP and made an intraday high of US$1.6851/GBP and settled the day up by 0.041% at US$1.6840/ GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; Buy on dips at 1.6790-1.6680 with risk above 1.6670; targeting 1.6910-1.6990. Sell below 1.6910 with risk above 1.6910; targeting 1.6790-1.6670.


USD/JPY on Monday intra-day low of JPY101.83/USD and made an intraday high of JPY 101.92/USD and settled the day 0.009% up at JPY 101.92/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; Buy on dips at 101.80-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60- 103.00. Sell below 102.30-103.20, targeting 101.50-100.00 and 100.70 with stop above 103.20


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Wed May 28, 2014 6:17 am

May 28, 2014

Gold closed down on Thursday and made its intraday high of US$1293.12/ounce before setting intraday low of US$1264.17/ounce. Gold went down by 2.14% at US$1264.40/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed down on Tuesday made its intraday high of US$19.43/ounce after setting intraday low of US$19.02/ounce. Silver settled 1.853% down at US$19.06/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.40-19.85 with stop above 20.15; targeting 19.05-18.90 and 18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.70-19.05 targeting 19.90- 20.15 with risk below 18.65 hourly closing.


Crude futures (June 2014) on Tuesday made an intra-day high of US$104.48/bbl and made an intraday low of US$103.55/bbl and settled down by 0.095% at US$104.14/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 104.50-105.00 with target of 103.40-102.60 and 102.20-101.70; upside breakage of 105.00 will lead to 105.20- 106.00. Buy above 103.50-102.60 with risk below 102.60 hourly closing, targeting 104.30-105.00.


EUR/USD on Tuesday made an intra-day low of US$1.3611/EUR and made an intraday high of US$1.3667/EUR and settled the day up by 0.0879% at US$1.3632/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3690-1.3790 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3600-1.3505 with risk below 1.3500, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Tuesday made an intra-day low of US$1.6781/GBP and made an intraday high of US$1.6881/GBP and settled the day down by 0.195% at US$1.6807/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6790-1.6680 with risk above 1.6670; targeting 1.6910-1.6990. Sell below 1.6910 with risk above 1.6910; targeting 1.6790-1.6670.


USD/JPY on Tuesday intra-day low of JPY101.71/USD and made an intraday high of JPY 102.13/USD and settled the day 0.039% up at JPY 101.96/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 101.80-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60- 103.00. Sell below 102.30-103.20, targeting 101.50-100.00 and 100.70 with stop above 103.20


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Thu May 29, 2014 6:25 am

May 29, 2014

Gold closed down on Wednesday and made its intraday high of US$1257.69/ounce before setting intraday low of US$1255.80/ounce. Gold went down by 0.496% at US$1257.69/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1264-1279 with risk hourly closing above 1286, targeting 1254-1243; break above 1286 will call for 1294-1304. Buy above 1254-1243 strict stop loss below 1243 hourly closing; targeting 1268- 1274 and 1284-1294. Breakage below 1243 will call for 1232.


Silver closed down on Wednesday made its intraday high of US$19.16/ounce after setting intraday low of US$18.97/ounce. Silver settled 0.262% down at US$19.02/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.40-19.85 with stop above 20.15; targeting 19.05-18.90 and 18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.70-19.00 targeting 19.90- 20.15 with risk below 18.65 hourly closing.


Crude futures (June 2014) on Wednesday made an intra-day high of US$104.38/ bbl and made an intraday low of US$102.63/bbl and settled down by 1.018% at US$103.04/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.50-104.50 with target of 102.70 and 102.20-101.70; upside breakage of 104.60 will lead to 105.20-106.00. Buy above 102.60-102.20 with risk below 102.20 hourly closing, targeting 103.50- 104.30 and 105.00.


EUR/USD on Wednesday made an intra-day low of US$1.3589/EUR and made an intraday high of US$1.3636/EUR and settled the day down by 0.0315% at US$1.3589/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3640-1.3740 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3790. Buy on dips in between 1.3600-1.3505 with risk below 1.3500, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Wednesday made an intra-day low of US$1.6696/GBP and made an intraday high of US$1.6814/GBP and settled the day down by 0.589% at US$1.6708/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6650-1.6720 with risk above 1.6650; targeting 1.6760-16810. Sell below 1.6790-1.6860 with risk above 1.6860; targeting 1.6700-1.6650.


USD/JPY on Wednesday intra-day low of JPY101.62/USD and made an intraday high of JPY 102.02/USD and settled the day 0.127% down at JPY 101.83/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 101.50-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60- 103.00. Sell below 102.30-103.20, targeting 101.50-100.00 and 100.70 with stop above 103.20


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (May)

Postby Ajawed » Fri May 30, 2014 7:08 am

May 30, 2014

Gold closed down on Thursday and made its intraday high of US$1260.18/ounce before setting intraday low of US$1251.34/ounce. Gold went down by 0.233% at US$1255.24/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1264-1279 with risk hourly closing above 1286, targeting 1254-1243; break above 1286 will call for 1294-1304. Buy above 1254-1243 strict stop loss below 1243 hourly closing; targeting 1268- 1274 and 1284-1294. Breakage below 1243 will call for 1232.


Silver closed down on Thursday made its intraday high of US$19.08/ounce after setting intraday low of US$18.78/ounce. Silver settled 0.052% down at US$19.02/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.40-19.85 with stop above 20.15; targeting 19.05-18.90 and 18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.70-19.00 targeting 19.90- 20.15 with risk below 18.65 hourly closing.


Crude futures (June 2014) on Thursday made an intra-day high of US$103.92/bbl and made an intraday low of US$102.60/bbl and settled down by 0.456% at US$103.48/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.50-104.50 with target of 102.70 and 102.20-101.70; upside breakage of 104.60 will lead to 105.20-106.00. Buy above 102.60-102.20 with risk below 102.20 hourly closing, targeting 103.50- 104.30 and 105.00.


EUR/USD on Thursday made an intra-day low of US$1.3585/EUR and made an intraday high of US$1.3624/EUR and settled the day up by 0.089% at US$1.3600/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3640-1.3740 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3790. Buy on dips in between 1.3600-1.3505 with risk below 1.3500, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Thursday made an intra-day low of US$1.6691/GBP and made an intraday high of US$1.6739/GBP and settled the day down by 0.0359% at US$1.6715/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6650-1.6720 with risk above 1.6650; targeting 1.6760-16810. Sell below 1.6790-1.6860 with risk above 1.6860; targeting 1.6700-1.6650.


USD/JPY on Thursday intra-day low of JPY101.42/USD and made an intraday high of JPY 101.85/USD and settled the day 0.058% down at JPY 101.77/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 101.50-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60- 103.00. Sell below 102.30-103.20, targeting 101.50-100.00 and 100.70 with stop above 103.20


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

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