Ikon Finance Forex Analysis (April)

Re: Ikon Finance Forex Analysis (April)

Postby Ajawed » Tue Apr 16, 2013 7:36 am

April 16, 2013

Gold (spot) closed down on Monday made its intraday high of US$1,495.72/ounce before setting intraday low of US$1,336.17/ounce. Gold went down by 9.07% at US$1,348.21/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1390-1430; targeting 1320-1300 and 1250-1200, upside breakage of 1435 will lead to 1460-1490 and 1505-1520. Buy on dips at 1320-1340 with strict stop loss below 1290 4-hourly closing; targeting 1380-1400 and 1420-1440.


Silver (spot) closed down on Monday made its intraday high of US$26.10/ ounce before setting intraday low of US$22.60/ounce. Silver settled 12.44% down at US$22.70/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.

Crude futures (May 2013) on Monday made an intra‐day high of US$90.98/bbl and made an intraday low of US$87.20/bbl and settled down by 2.83% at US$90.98/bbl on session close.
Trading Strategy: Neutral
Today, sell in above 87.80-88.20 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.

EUR/USD on Monday made an intra‐day low of US$ 1.3020/EUR and made an intraday high of US$1.3113/EUR and settled the day 0.61% down at US$1.3033/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 1.3040-1.2970 targeting 1.3110-1.3170 and then 1.3245 and stop-loss with four-hour closing below 1.2885.


GBP/USD on Monday made an intra‐day low of US$1.5269/GBP and made an intraday high of US$1.5383/GBP and settled the day down by 0.371% at US$1.5282/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5500 and stop-loss with four-hour closing below 1.5180.


USD/JPY on Monday an intra‐day low of JPY96.73/USD and made an intraday high of JPY 98.70/USD and settled the day 1.486% down at JPY96.73/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.


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

Postby Ajawed » Wed Apr 17, 2013 7:08 am

April 17, 2013

Gold (spot) closed up on Tuesday made its intraday high of US$1,403.48/ounce after setting intraday low of US$1,322.06/ounce. Gold went up by 1.42% at US$1,367.36/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1390-1430; targeting 1365-1354 and 1342-1321, upside breakage of 1409 will lead to 1424-1435 and 1445-1454. Buy on dips at 1342-1364 with strict stop loss below 1320 1-hourly closing; targeting 1380-1400 and 1420-1440.


Silver (spot) closed down on Tuesday made its intraday high of US$23.95/ ounce after setting intraday low of US$22.07/ounce. Silver settled 2.79% down at US$23.40/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.


Crude futures (May 2013) on Tuesday made an intra‐day high of US$88.96/bbl and made an intraday low of US$86.06/bbl and settled up by 0.01% at US$88.72/bbl on session close.
Trading Strategy: Neutral
Today, sell in above 87.80-88.20 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.


EUR/USD on Tuesday made an intra‐day low of US$ 1.3027/EUR and made an intraday high of US$1.3200/EUR and settled the day 1.089% up at US$1.3175/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 1.3060--1.3140 targeting 1.3170-1.3245 and stop-loss with four-hour closing below 1.2960.


GBP/USD on Tuesday made an intra‐day low of US$1.5271/GBP and made an intraday high of US$1.5378/GBP and settled the day up by 0.516% at US$1.5360/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5500 and stop-loss with four-hour closing below 1.5180.


USD/JPY on Tuesday an intra‐day low of JPY95.78/USD and made an intraday high of JPY 98.15/USD and settled the day 0.795% up at JPY97.51/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.


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

Postby Ajawed » Thu Apr 18, 2013 7:21 am

April 18, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,394.94/ounce after setting intraday low of US$1,375.97/ounce. Gold went down up 0.43% at US$1,375.97/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1390-1405; targeting 1365-1354 and 1342-1321, upside breakage of 1409 will lead to 1424-1435 and 1445-1454. Buy on dips at 1342-1364 with strict stop loss below 1320 1-hourly closing; targeting 1380-1400 and 1420-1440.


Silver (spot) closed down on Wednesday made its intraday high of US$23.74/ ounce after setting intraday low of US$22.86/ounce. Silver settled 0.29% down at US$23.31/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.


Crude futures (May 2013) on Wednesday made an intra‐day high of US$89.04/bbl and made an intraday low of US$86.06/bbl and settled down by 2.78% at US$86.35/bbl on session close.
Trading Strategy: Neutral
Today, sell in above 87.80-88.20 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.


EUR/USD on Wednesday made an intra‐day low of US$ 1.3000/EUR and made an intraday high of US$1.3199/EUR and settled the day 1.10% down at US$1.3029/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 1.3040-1.2980 targeting 1.3140 and 1.3170-1.3245 and stop-loss with four-hour closing below 1.2960.


GBP/USD on Wednesday made an intra‐day low of US$1.5215/GBP and made an intraday high of US$1.5371/GBP and settled the day down by 0.80% at US$1.5238/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5310-1.5450 and then 1.5500 and stop-loss with four-hour closing below 1.5180.


USD/JPY on Wednesday an intra‐day low of JPY95.205/USD and made an intraday high of JPY 98.423/USD and settled the day 0.606% up at JPY98.104/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.


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

Postby Ajawed » Fri Apr 19, 2013 7:12 am

April 19, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,401.95/ounce after setting intraday low of US$1,336.10/ounce. Gold went down up 0.99% at US$1,390.15/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1420-1430; targeting 1365-1354 and 1342-1321, upside breakage of 1435 will lead to 1445-1454. Buy on dips at 1364-1374 with strict stop loss below 1340 1-hourly closing; targeting 1395-1405 and 1411-1424.


Silver (spot) closed down on Thursday made its intraday high of US$23.68/ ounce after setting intraday low of US$23.30/ounce. Silver settled 0.257% down at US$23.24/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.


Crude futures (May 2013) on Thursday made an intra‐day high of US$88.49/bbl and made an intraday low of US$85.60/bbl and settled down by 2.23% at US$88.32/bbl on session close.
Trading Strategy: Neutral
Today, sell in above 88.20-88.90 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.


EUR/USD on Thursday made an intra‐day low of US$ 1.3020/EUR and made an intraday high of US$1.3095/EUR and settled the day 0.153% up at US$1.3049/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 1.3040-1.2980 targeting 1.3140 and 1.3170-1.3245 and stop-loss with four-hour closing below 1.2960.


GBP/USD on Thursday made an intra‐day low of US$1.5216/GBP and made an intraday high of US$1.5238/GBP and settled the day down by 0.262% at US$1.5278/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5310-1.5450 and then 1.5500 and stop-loss with four-hour closing below 1.5180.


USD/JPY on Thursday an intra‐day low of JPY8.52/USD and made an intraday high of JPY 98.09/USD and settled the day 0.061% up at JPY98.15/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.

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

Postby Ajawed » Mon Apr 22, 2013 7:56 am

April 22, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,424.94/ounce after setting intraday low of US$1,385.98/ounce. Gold went up 0.96% at US$1,403.79/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1420-1430; targeting 1365-1354 and 1342-1321, upside breakage of 1435 will lead to 1445-1454. Buy on dips at 1364-1374 with strict stop loss below 1340 1-hourly closing; targeting 1395-1405 and 1411-1424.


Silver (spot) closed down on Friday made its intraday high of US$23.84/ ounce after setting intraday low of US$22.93/ounce. Silver settled 0.06% down at US$23.25/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.


Crude futures (May 2013) on Friday made an intra‐day high of US$88.79/bbl and made an intraday low of US$87.56/bbl and settled up by 0.32% at US$88.01/bbl on session close.
Trading Strategy: Neutral
Today, sell in above 88.20-88.90 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.


EUR/USD on Friday made an intra‐day low of US$ 1.3044/EUR and made an intraday high of US$1.3128/EUR and settled the day 0.007% up at US$1.3050/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 1.3040-1.2980 targeting 1.3140 and 1.3170-1.3245 and stop-loss with four-hour closing below 1.2960.


GBP/USD on Friday made an intra‐day low of US$1.5223/GBP and made an intraday high of US$1.5366/GBP and settled the day down by 0.320% at US$1.5229/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5310-1.5450 and then 1.5500 and stop-loss with four-hour closing below 1.5180.


USD/JPY on Friday an intra‐day low of JPY98.09/USD and made an intraday high of JPY 99.67/USD and settled the day 1.34% up at JPY99.47/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 99.50 targeting 100.00-100.85 then 101.10 and stop-loss with four-hour closing below 98.80.

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

Postby Ajawed » Tue Apr 23, 2013 7:01 am

April 23, 2013

Gold (spot) closed up on Monday made its intraday high of US$1,439.09/ounce after setting intraday low of US$1,402.68/ounce. Gold went up 1.61% at US$1,426.45/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1420-1430; targeting 1407-1395 and 1384-1374, upside breakage of 1439 will lead to 1445-1454. Buy on dips at 1395-1405 with strict stop loss below 1390 1-hourly closing; targeting 1411-1424 and 1439-1444.


Silver (spot) closed up on Monday made its intraday high of US$23.71/ ounce after setting intraday low of US$23.13/ounce. Silver settled 0.83% up at US$23.13/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.25-23.55 with stop above 24.00; targeting 22.70 and 22.45-22.05, upside breakout of 24.00 will open the way to 24.50-24.90 and 25.90. Buyers can buy in 22.35-22.65 with risk below 22.00 hourly closing, targeting 23.25-23.55 and 23.70-24.25.


Crude futures (May 2013) on Monday made an intra‐day high of US$89.13/bbl and made an intraday low of US$87.55/bbl and settled up by 0.85% at US$88.76/bbl on session close.
Trading Strategy: Neutral
Today, weak buy is suggested on weakness towards 88.24 -- 87.87 with risk below 87.57 / reverse positions below 87.57.


EUR/USD on Monday made an intra‐day low of US$ 1.3014/EUR and made an intraday high of US$1.3083/EUR and settled the day 0.0764% down at US$1.3065/EUR on session close.
Trading Strategy: Neutral
Based on explanations above, buying the pair above 1.3020-1.2960 targeting 1.3140 and 1.3170-1.3245 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Monday made an intra‐day low of US$1.5230/GBP and made an intraday high of US$1.5290/GBP and settled the day up by 0.393% at US$1.5290/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, our opinion is selling the pair below 1.5310-1.5360 targeting 1.5280-1.5225 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5190-1.5240 targeting 1.5280-1.5310 and 1.5385-1.5450 and stop-loss with four-hour closing below 1.5180.


USD/JPY on Monday an intra‐day low of JPY98.97/USD and made an intraday high of JPY 99.87/USD and settled the day 0.571% up at JPY99.22/USD on session close.
Trading Strategy: Neutral
Based on explanations above, buying the pair above 99.50 targeting 100.00-100.85 then 101.10 and stop-loss with four-hour closing below 98.80.


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

Re: Ikon Finance Forex Analysis (April)

Postby Ajawed » Wed Apr 24, 2013 8:49 am

April 24, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,432.91/ounce before setting intraday low of US$1,405.11/ounce. Gold went down 0.94% at US$1,413.00/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1430-1438; targeting 1407-1395 and 1384-1374, upside breakage of 1442 will lead to 1445-1454. Buy on dips at 1405-1411 with strict stop loss below 1390 1-hourly closing; targeting 1411-1424 and 1439-1444.


Silver
(spot) closed down on Tuesday made its intraday high of US$23.46/ ounce after setting intraday low of US$22.62/ounce. Silver settled 2.06% down at US$22.96/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.25-23.75 with stop above 24.00; targeting 22.70 and 22.45-22.05, upside breakout of 24.00 will open the way to 24.50-24.90 and 25.90. Buyers can buy in 22.35-22.65 with risk below 22.00 hourly closing, targeting 23.25-23.55 and 23.70-24.25.


Crude futures (May 2013) on Tuesday made an intra‐day high of US$89.60/bbl and made an intraday low of US$87.80/bbl and settled up by 0.47% at US$89.18/bbl on session close.
Trading Strategy: Neutral
Today, weak buy is suggested on weakness towards 88.24 -- 87.87 with risk below 87.57 / reverse positions below 87.57.


EUR/USD on Tuesday made an intra‐day low of US$ 1.2972/EUR and made an intraday high of US$1.3083/EUR and settled the day 0.52% down at US$1.2997/EUR on session close.
Trading Strategy: Neutral
Based on explanations above, buying the pair above 1.2980-1.2950 targeting 1.3040-1.3090 and 1.3140-1.3170 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Tuesday made an intra‐day low of US$1.5195/GBP and made an intraday high of US$1.5296/GBP and settled the day down by 0.34% at US$1.5237/GBP on session close.
Trading Strategy: Neutral
Based on explanations above, our opinion is selling the pair below 1.5280-1.5310 targeting 1.5280-1.5225 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5190-1.5220 targeting 1.5280-1.5310 and 1.5385-1.5450 and stop-loss with four-hour closing below 1.5160.


USD/JPY on Tuesday an intra‐day low of JPY98.47/USD and made an intraday high of JPY 99.52/USD and settled the day 0.221% up at JPY99.44/USD on session close.
Trading Strategy: Neutral
Based on explanations above, buying the pair above 99.50 targeting 100.00-100.85 then 101.10 and stop-loss with four-hour closing below 98.80.
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http://www.ikonfinance.com/[/url]
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Forex Analysis (April)

Postby Ajawed » Thu Apr 25, 2013 7:02 am

April 25, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,433.38/ounce after setting intraday low of US$1,412.40/ounce. Gold went up 1.34% at US$1,413.00/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1448-1456; targeting 1407-1395 and 1384-1374, upside breakage of 1456 will lead to 1468-1474 and 1487. Buy on dips at 1418-1428 with strict stop loss below 1403 1-hourly closing; targeting 1441-1448 and 1456-1561.


Silver (spot) closed up on Wednesday made its intraday high of US$23.38/ ounce after setting intraday low of US$22.87/ounce. Silver settled 0.99% up at US$23.19/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.25-23.75 with stop above 24.00; targeting 22.70 and 22.45-22.05, upside breakout of 24.00 will open the way to 24.50-24.90 and 25.90. Buyers can buy in 22.35-22.65 with risk below 22.00 hourly closing, targeting 23.25-23.55 and 23.70-24.25.


Crude futures (May 2013) on Wednesday made an intra‐day high of US$91.72/bbl and made an intraday low of US$89.21/bbl and settled up by 2.52% at US$91.43/bbl on session close.
Trading Strategy: Neutral
According to today’s market, we prefer to short oil below 92.20, targeting 91.45-90.70 and 90.25. Stop loss above 93.00.


EUR/USD on Wednesday made an intra‐day low of US$ 1.2952/EUR and made an intraday high of US$1.3033/EUR and settled the day 0.169% up at US$1.3014/EUR on session close.
Trading Strategy: Neutral
According to today’s market, buying the pair above 1.2980-1.2950 targeting 1.3040-1.3090 and 1.3140-1.3170 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Wednesday made an intra‐day low of US$1.5225/GBP and made an intraday high of US$1.5286/GBP and settled the day up by 0.21% at US$1.5267/GBP on session close.
Trading Strategy: Neutral
According to today’s market, buying the pair above 1.5190-1.5220 targeting 1.5280-1.5310 and 1.5385-1.5450 and stop-loss with four-hour closing below 1.5160.


USD/JPY on Wednesday an intra‐day low of JPY99.18/USD and made an intraday high of JPY 99.75/USD and settled the day 0.030% up at JPY99.50/USD on session close.
Trading Strategy: Neutral
According to today’s market, buying the pair above 99.50-99.10 targeting 100.00-100.85 then 101.10 and stop-loss with four-hour closing below 98.80.

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

Re: Ikon Finance Forex Analysis (April)

Postby Ajawed » Fri Apr 26, 2013 8:40 am

April 26, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,468.90/ounce after setting intraday low of US$1,426.94/ounce. Gold went up 2.563% at US$1,467.38/ounce.
Trading Strategy: Neutral
Sell at strength at 1474-1486; targeting 1464-1458 and 1454-1446, upside breakage of 1489 will lead to 1500-1525. Buy on dips at 1458-1464 with strict stop loss below 1454 1-hourly closing; targeting 1474-1480 and 1487-1494.


Silver (spot) closed up on Thursday made its intraday high of US$24.41/ ounce after setting intraday low of US$23.09/ounce. Silver settled 5.21% up at US$24.40/ounce.
Trading Strategy: Neutral
Short positions at 24.25-24.80 with stop above 25.00; targeting 23.90-23.65 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 23.55-23.95 with risk


Crude
futures (May 2013) on Thursday made an intra‐day high of US$93.87/bbl and made an intraday low of US$91.11/bbl and settled up by 2.42% at US$93.64/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, Sell below 93.30 / Buy above 93.30.


EUR/USD on Thursday made an intra‐day low of US$ 1.2988/EUR and made an intraday high of US$1.3092/EUR and settled the day 0.030% down at US$1.3010/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair above 1.2980-1.2950 targeting 1.3040-1.3090 and 1.3140-1.3170 and stop-loss with four-hour closing below 1.2930.


GBP/USD
on Thursday made an intra‐day low of US$1.5263/GBP and made an intraday high of US$1.5478/GBP and settled the day up by 1.08% at US$1.5432/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is buying the pair above 1.5310-1.5385 targeting 1.5450-1.5540 and 1.5590; stop-loss with four-hour closing below 1.5225.


USD/JPY on Thursday an intra‐day low of JPY98.97/USD and made an intraday high of JPY 99.55/USD and settled the day 0.27% down at JPY99.23/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Selling the pair below 99.50-99.10 targeting 98.80-98.50 then 98.05 and stop-loss with four-hour closing above 100.


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

Re: Ikon Finance Forex Analysis (April)

Postby Ajawed » Mon Apr 29, 2013 6:56 am

April 29, 2013

Gold (spot) closed down on Friday made its intraday high of US$1,485.50/ounce after setting intraday low of US$1,448.43/ounce. Gold went down 0.41% at US$1,461.92/ounce.
Trading Strategy: Neutral
Sell at strength at 1474-1486; targeting 1464-1458 and 1454-1446, upside breakage of 1489 will lead to 1500-1525. Buy on dips at 1452-1462 with strict stop loss below 1448 1-hourly closing; targeting 1474-1480 and 1487-1494.


Silver (spot) closed down on Friday made its intraday high of US$24.86/ ounce before setting intraday low of US$23.66/ounce. Silver settled 1.61% down at US$24.00/ounce.
Trading Strategy: Neutral
Short positions at 24.25-24.80 with stop above 25.00; targeting 23.90-23.65 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 23.55-23.95 with risk below 23.20 hourly closing, targeting 24.25-24.55 and 24.90-25.10.


Crude futures (May 2013) on Friday made an intra‐day high of US$93.58/bbl and made an intraday low of US$92.06/bbl and settled down by 0.68% at US$93.00/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, Sell below 93.90 / Buy above 93.90.


EUR/USD on Friday made an intra‐day low of US$ 1.2989/EUR and made an intraday high of US$1.3046/EUR and settled the day 0.138% up at US$1.3027/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair above 1.2980-1.2950 targeting 1.3040-1.3090 and 1.3140-1.3170 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Friday made an intra‐day low of US$1.5417/GBP and made an intraday high of US$1.5497/GBP and settled the day up by 0.246% at US$1.5470/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is buying the pair above 1.5385-1.5410 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5310. Sell in below 1.5590; targeting 1.5510-1.5450 and 1.5385-1.5310.


USD/JPY
on Friday an intra‐day low of JPY97.54/USD and made an intraday high of JPY 99.40/USD and settled the day 1.229% down at JPY98.02/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Selling the pair below 98.50-99.10 targeting 97.60-97.10 and 96.70-96.10 stop-loss with four-hour closing above 100.

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

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