IKON FINANCE Forex Analysis (May)

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Thu May 30, 2013 6:12 am

May 30, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,395.15/ounce after setting intraday low of US$1,379.97/ounce. Gold went up by 0.860% at US$1,392.32/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1398-1405; targeting 1384-1374 and 1369-1361, upside breakage of 1414 will lead to 1420-1426 and 1434-1445. Buy on dips at 1374-1379 with strict stop loss below 1363 1-hourly closing; targeting 1398-1405 and 1414-1420; break below 1363 will call for 1353-1346 and 1341-1336.


Silver (spot) closed up Wednesday made its intraday high of US$22.52/ounce after setting intraday low of US$22.18/ounce. Silver settled 0.807% up at US$22.46/ounce.
Trading Strategy: Neutral to Sell on Strength
Might trade in the range of 22.05-22.85; upside penetration might call for 23.20, while a downward breakage might call for 21.80. Short positions at 22.60-23.20 with stop above 23.80; targeting 22.35-22.05 and 21.80-21.50, upside breakout of 23.80 will open the way to 24.20 and 24.60-24.90. Buyers can buy above 21.90-22.10, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.0.


Crude futures (June 2013) on Wednesday made an intra‐day high of US$93.28/bbl and made an intraday low of US$92.71/bbl and settled down by 2.29% at US$92.87/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to short oil below 93.50-94.10, targeting 92.60 and 91.50. Stop loss with four-hour closing above 95.90. Buy above 92.60-92.30, using a stop loss of 91.50, targeting 94.60-95.70 and 96.30-97.05.


EUR/USD on Wednesday made an intra‐day low of US$1.2836/EUR and made an intraday high of US$1.2976/EUR and settled the day 0.653% up at US$1.2937/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2990-1.3060 targeting 1.2910-1.2880 and 1.2740-1.2680 and stop-loss with four-hour closing at 1.3090 might be appropriate; whereas, buying can be done above 1.2800-1.2890 targeting 1.2950-1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2740.


GBP/USD on Wednesday made an intra‐day low of US$1.5070/GBP and made an intraday high of US$1.5144/GBP and settled the day up by 0.598% at US$1.5127/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, in our opinion is buying can be done 1.5050-1.5110 targeting 1.5170 and 1.5270; stop-loss with four-hour closing below 1.5000; whereas, selling the pair below 1.5190-1.5270 targeting 1.5150-1.5110 and 1.5050-1.4990 with stop-loss at four-hour closing above 1.5300.


USD/JPY on Wednesday an intra‐day low of JPY100.70/USD and made an intraday high of JPY 102.51/USD and settled the day 1.18% down at JPY101.14/USD on session close.
Trading Strategy: Neutral
Based on today’s market, in our opinion buying can be done 100.90-101.50 targeting 101.90 and 102.50-103.10 and stop-loss with four-hour closing below 99.80.


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

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Fri May 31, 2013 6:30 am

May 31, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,417.95/ounce after setting intraday low of US$1,388.61/ounce. Gold went up by 1.486% at US$1,413.64/ounce.
Trading Strategy: Neutral
Sell at strength at 1428-1439; targeting 1410-1403 and 1396-1384, upside breakage of 1441 will lead to 1453-1465. Buy on dips at 1396-1405 with strict stop loss below 1388 1-hourly closing; targeting 1414-1420 and 1431; break below 1388 will call for 1384-1374 and 1369-1363.


Silver (spot) closed up Thursday made its intraday high of US$23.11/ounce after setting intraday low of US$22.36/ounce. Silver settled 1.336% up at US$22.75/ounce.
Trading Strategy: Neutral
Might trade in the range of 22.30-23.20; upside penetration might call for 23.80, while a downward breakage might call for 21.80. Short positions at 23.05-23.40 with stop above 23.80; targeting 22.35-22.05 and 21.80-21.50, upside breakout of 23.80 will open the way to 24.20 and 24.60-24.90. Buyers can buy above 22.30-22.70, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.80.


Crude futures (June 2013) on Thursday made an intra‐day high of US$93.96/bbl and made an intraday low of US$91.64/bbl and settled down by 0.71% at US$93.55/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to short oil below 93.50-94.10, targeting 92.60 and 91.50. Stop loss with four-hour closing above 95.90. Buy above 92.60-92.30, using a stop loss of 91.50, targeting 94.60-95.70 and 96.30-97.05.


EUR/USD on Thursday made an intra‐day low of US$1.2932/EUR and made an intraday high of US$1.3060/EUR and settled the day 0.824% up at US$1.3047/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying can be done above 1.2910-1.2950 targeting 1.2950-1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2880; whereas, selling the pair below 1.3060-1.3100 targeting 1.2910-1.2880 and 1.2740-1.2680 and stop-loss with four-hour closing at 1.3120 might be appropriate.


GBP/USD on Thursday made an intra‐day low of US$1.5108/GBP and made an intraday high of US$1.5235/GBP and settled the day up by 0.687% at US$1.5231/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, in our opinion is buying can be done 1.5110-1.5160 targeting 1.5270-1.5330; stop-loss with four-hour closing below 1.5000; whereas, selling the pair below 1.5270-1.5330 targeting 1.5150-1.5110 and 1.5050-1.4990 with stop-loss at four-hour closing above 1.5400.


USD/JPY on Thursday an intra‐day low of JPY100.45/USD and made an intraday high of JPY 101.79/USD and settled the day 0.415% down at JPY100.71/USD on session close.
Trading Strategy: Neutral
Based on today’s market, in our opinion buying can be done 90.90-100.90 targeting 101.50-101.90 and 102.50-103.10 and stop-loss with four-hour closing below 99.80.


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

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