IKON FINANCE Forex Analysis (May)

IKON FINANCE Forex Analysis (May)

Postby Ajawed » Wed May 01, 2013 7:54 am

May 1, 2013

Gold (spot) closed up on Tuesday made its intraday high of US$1,479.94/ounce after setting intraday low of US$1,460.94/ounce. Gold went down by 0.031% at US$1,476.10/ounce.
Trading Strategy: Neutral
Spot gold remains neutral in a range of 1,448-1,485 per ounce; a rise above 1,485 will confirm the continuation of the uptrend towards a target at 1,504, and downside below 1448 will lead to gold toward 1420-1380. Sell at strength at 1479-1486; 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 Tuesday made its intraday high of US$24.55/ ounce before setting intraday low of US$24.04/ounce. Silver settled 0.936% down at US$24.32/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 Tuesday made an intra‐day high of US$94.60/bbl and made an intraday low of US$92.85/bbl and settled down by 1.40% at US$93.05/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, Sell below 93.90 / Buy above 93.90.


EUR/USD on Tuesday made an intra‐day low of US$ 1.3096/EUR and made an intraday high of US$1.3185/EUR and settled the day 0.534% up at US$1.3166/EUR on session close.
Trading Strategy: Neutral
Based on today’s market,, buying the pair above 1.3030-1.3090 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2930. Sell below 1.3190, with risk above 1.3230; targeting 1.3140-1.3050 and 1.2980.


GBP/USD on Tuesday made an intra‐day low of US$1.5498/GBP and made an intraday high of US$1.5498/GBP and settled the day up by 0.206% at US$1.5530/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair in below 1.5590; targeting 1.5510-1.5450 and 1.5385-1.5310. Buying can be done 1.5385-1.5410 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5300.


USD/JPY on Tuesday an intra‐day low of JPY96.99/USD and made an intraday high of JPY 98.11/USD and settled the day 0.327% down at JPY97.41/USD on session close.
Trading Strategy: Neutral
Based on today’s market, it might trade in the range of 97.00-98.30. An upward penetration 98.30 might call for 99.00, while a downside breakage of 97.00 might call for 96.30. Selling can be done below 98.15-98.85 targeting 96.95-96.10 stop-loss with four-hour closing above 99.00.

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

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Thu May 02, 2013 6:41 am

May 2, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,478.00/ounce before setting intraday low of US$1,440.58/ounce. Gold went down by 1.29% at US$1,457.64/ounce.
Trading Strategy: Neutral
Sell at strength at 1460-1475; targeting 1454-1446 and 1438-1428, upside breakage of 1487 will lead to 1500-1525. Buy on dips at 1435-1428 with strict stop loss below 1420 1-hourly closing; targeting 1464-1474 and 1480-1487.


Silver (spot) closed down on Wednesday made its intraday high of US$24.56/ ounce before setting intraday low of US$23.26/ounce. Silver settled 2.86% down at US$23.64/ounce.
Trading Strategy: Neutral
Short positions at 23.85-24.25 with stop above 24.80; targeting 23.35-22.90 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 22.90-23.20 with risk below 22.70 hourly closing, targeting 23.85-24.25 and 24.55-24.90.


Crude futures (May 2013) on Wednesday made an intra‐day high of US$93.26/bbl and made an intraday low of US$90.11/bbl and settled down by 2.60% at US$91.03/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 91.22 / sell below 90.15.


EUR/USD on Wednesday made an intra‐day low of US$ 1.3188/EUR and made an intraday high of US$1.3177/EUR and settled the day 0.091% up at US$1.3177/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.3185 targeting 1.3155, 1.3115 then 1.3080 and stop-loss with four-hour closing at 1.3230 might be appropriate; whereas, buying can be done above 1.3030-1.3090 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2930. Sell below 1.3190, with risk above 1.3230; targeting 1.3140-1.3050 and 1.2980.


GBP/USD on Wednesday made an intra‐day low of US$1.5524/GBP and made an intraday high of US$1.5531/GBP and settled the day up by 0.141% at US$1.5553/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair below 1.5590 targeting 1.5535-1.5490 then 1.5415 and stop-loss at four-hour closing above 1.5630; whereas, buying can be done 1.5410-1.5475 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5385.


USD/JPY on Wednesday an intra‐day low of JPY97.01/USD and made an intraday high of JPY 97.68/USD and settled the day 0.051% down at JPY97.37/USD on session close.
Trading Strategy: Neutral
Based on today’s market, it might trade in the range of 97.00-98.30. An upward penetration 98.30 might call for 99.00, while a downside breakage of 97.00 might call for 96.30. selling the pair below 97.35 targeting 97.05, 96.65 then 96.25 and stop-loss with four-hour closing above 97.80.

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

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Mon May 06, 2013 7:09 am

May 6, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,488.07/ounce before setting intraday low of US$1,456.36/ounce. Gold went down up 0.25% at US$1,470.75/ounce.
Trading Strategy: Neutral
Sell at strength at 1479-1486; targeting 1454-1446 and 1438-1428, upside breakage of 1489 will lead to 1505-1520. Buy on dips at 1458-1448 with strict stop loss below 1438 1-hourly closing; targeting 1480-1487 and 1494-1500.


Silver (spot) closed up on Friday made its intraday high of US$24.39/ounce before setting intraday low of US$23.46/ounce. Silver settled 1.14% up at US$24.12/ounce.
Trading Strategy: Neutral
Short positions at 24.25-24.50 with stop above 24.90; targeting 23.35-22.90 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 23.40-23.75 with risk below 22.85 hourly closing, targeting 24.25 and 24.55-24.90.


Crude futures (May 2013) on Friday made an intra‐day high of US$96.04/bbl and made an intraday low of US$93.56/bbl and settled down up 1.72% at US$95.61/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to short oil below 97.70, targeting 96.70 and 95.00. Stop loss with four-hour closing above 98.70.


EUR/USD on Friday made an intra‐day low of US$ 1.3032/EUR and made an intraday high of US$1.3158/EUR and settled the day 0.375% down at US$1.3032/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.3185 targeting 1.3155, 1.3115 then 1.3080 and stop-loss with four-hour closing at 1.3230 might be appropriate; whereas, buying can be done above 1.3030-1.3090 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2930. Sell below 1.3190, with risk above 1.3230; targeting 1.3140-1.3050 and 1.2980.


GBP/USD on Friday made an intra‐day low of US$1.5479/GBP and made an intraday high of US$1.5600/GBP and settled the day down by 0.244% at US$1.5570/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair below 1.5590 targeting 1.5535-1.5490 then 1.5415 and stop-loss at four-hour closing above 1.5630; whereas, buying can be done 1.5410-1.5475 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5385.


USD/JPY on Friday an intra‐day low of JPY97.88/USD and made an intraday high of JPY 98.99/USD and settled the day 1.013% up at JPY98.99USD on session close.
Trading Strategy: Neutral
Based on today’s market, it might trade in the range of 97.00-98.30. An upward penetration 98.30 might call for 99.00, while a downside breakage of 97.00 might call for 96.30. Selling the pair below 99.90 targeting 98.30-97.80 and 97.05-9 6.65 and stop-loss with four-hour closing above 97.80.

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

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Tue May 07, 2013 7:04 am

May 7, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,488.07/ounce before setting intraday low of US$1,456.36/ounce. Gold went down up 0.25% at US$1,470.75/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1472-1479; targeting 1454-1446 and 1438-1428, upside breakage of 1485 will lead to 1494 and 1505-1520. Buy on dips at 1458-1448 with strict stop loss below 1438 1-hourly closing; targeting 1480-1487 and 1494-1500.


Silver (spot) closed down on Monday made its intraday high of US$24.43/ounce before setting intraday low of US$23.84/ounce. Silver settled 0.62% down at US$23.99/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 24.05-24.50 with stop above 24.90; targeting 23.35-22.90 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 23.40-23.75 with risk below 22.85 hourly closing, targeting 24.25 and 24.55-24.90.


Crude futures (May 2013) on Monday made an intra‐day high of US$97.10/bbl and made an intraday low of US$94.83/bbl and settled down up 0.25% at US$95.80/bbl on session close.
Trading Strategy: Neutral to Sell
Based on Based on today’s market, we prefer to short oil below 96.30-97.00, targeting 94.65 and 93.60. Stop loss with four-hour closing above 98.40.


EUR/USD on Monday made an intra‐day low of US$ 1.3052/EUR and made an intraday high of US$1.3140/EUR and settled the day -0.335% down at US$1.3075/EUR on session close.
Trading Strategy: Neutral
Based on Based on today’s market, selling the pair below 1.3115-1.3155 targeting 1.3060-1.2990 and stop-loss with four-hour closing at 1.3230 might be appropriate; whereas, buying can be done above 1.2990-1.3030 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Monday made an intra‐day low of US$1.5519/GBP and made an intraday high of US$1.5597/GBP and settled the day down by 0.134% at US$1.5539/GBP on session close.
Trading Strategy: Neutral
Based on Based on today’s market, our opinion is selling the pair below 1.5590 targeting 1.5535-1.5490 then 1.5415 and stop-loss at four-hour closing above 1.5630; whereas, buying can be done 1.5410-1.5475 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5385.


USD/JPY on Monday an intra‐day low of JPY99.04/USD and made an intraday high of JPY 99.44/USD and settled the day 0.15% up at JPY99.31USD on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair between 99.30-99.90 targeting 98.60-98.30 and 97.80-97.05 and stop-loss with four-hour closing above 100.10.

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

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Wed May 08, 2013 7:07 am

May 8, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,470.52/ounce before setting intraday low of US$1,441.19/ounce. Gold went down by 1.18% at US$1,452.15/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1460-1474; targeting 1446-1438 and 1428-1418, upside breakage of 1485 will lead to 1494 and 1505-1520. Buy on dips at 1446-1440 with strict stop loss below 1438 1-hourly closing; targeting 1460-1474 and 1480-1487.


Silver (spot) closed down on Tuesday made its intraday high of US$24.06/ounce before setting intraday low of US$23.44/ounce. Silver settled 0.291% down at US$23.94/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 24.05-24.50 with stop above 24.90; targeting 23.35-22.90 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 23.40-23.75 with risk below 22.85 hourly closing, targeting 24.25 and 24.55-24.90.


Crude futures (May 2013) on Tuesday made an intra‐day high of US$96.23/bbl and made an intraday low of US$94.90/bbl and settled down up 0.271% at US$95.51/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 96.30-97.00, targeting 94.65 and 93.60. Stop loss with four-hour closing above 98.40.


EUR/USD on Tuesday made an intra‐day low of US$ 1.3067/EUR and made an intraday high of US$1.3131/EUR and settled the day 0.015% up at US$1.3076/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.3125-1.3155 targeting 1.3060-1.2990 and stop-loss with four-hour closing at 1.3230 might be appropriate; whereas, buying can be done above 1.2990-1.3030 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Tuesday made an intra‐day low of US$1.5449/GBP and made an intraday high of US$1.5550/GBP and settled the day down by 0.373% at US$1.5481/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair below 1.5590 targeting 1.5535-1.5490 then 1.5415 and stop-loss at four-hour closing above 1.5630; whereas, buying can be done 1.5410-1.5475 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5385.


USD/JPY on Tuesday an intra‐day low of JPY98.81/USD and made an intraday high of JPY 99.42/USD and settled the day 0.332% down at JPY99.98/USD on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair between 99.30-99.90 targeting 98.60-98.30 and 97.80-97.05 and stop-loss with four-hour closing above 100.10.

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

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Thu May 09, 2013 7:05 am

May 9, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,476.61/ounce after setting intraday low of US$1,447.73/ounce. Gold went up by 1.46% at US$1,473.94/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1474-1485; targeting 1464-1454 and 1446-1438, upside breakage of 1489 will lead to 1494 and 1505-1520. Buy on dips at 1446-1454 with strict stop loss below 1438 1-hourly closing; targeting 1474 and 1480-1487.


Silver (spot) closed up on Wednesday made its intraday high of US$24.10/ounce after setting intraday low of US$23.69/ounce. Silver settled 0.02% up at US$23.97/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 24.20-24.50 with stop above 24.90; targeting 23.35-22.90 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 23.40-23.75 with risk below 22.85 hourly closing, targeting 24.25 and 24.55-24.90.


Crude futures (June 2013) on Wednesday made an intra‐day high of US$96.77/bbl and made an intraday low of US$95.24/bbl and settled up by 1.05% at US$96.62/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 96.90-97.80, targeting 95.80-94.65. Stop loss with four-hour closing above 98.40.


EUR/USD on Wednesday made an intra‐day low of US$1.3070/EUR and made an intraday high of US$1.3151/EUR and settled the day 0.565% up at US$1.3151/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.3125-1.3155 targeting 1.3060-1.2990 and stop-loss with four-hour closing at 1.3230 might be appropriate; whereas, buying can be done above 1.2990-1.3030 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Wednesday made an intra‐day low of US$1.5469/GBP and made an intraday high of US$1.5590/GBP and settled the day up by 0.329% at US$1.5532/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair below 1.5590 targeting 1.5535-1.5490 then 1.5415 and stop-loss at four-hour closing above 1.5630; whereas, buying can be done 1.5410-1.5475 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5385.


USD/JPY on Wednesday an intra‐day low of JPY98.57/USD and made an intraday high of JPY 99.14/USD and settled the day 0.001% down at JPY99.98/USD on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair between 99.00-99.90 targeting 98.60-98.30 and 97.80-97.05 and stop-loss with four-hour closing above 100.10.


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 10, 2013 6:04 am

May 10, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,457.59/ounce after setting intraday low of US$1,453.28/ounce. Gold went down by 1.07% at US$1,457.59/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1466-1474; targeting 1464-1454 and 1446-1438, upside breakage of 1479 will lead to 1485-1494 and 1505-1520. Buy on dips at 1446-1454 with strict stop loss below 1438 1-hourly closing; targeting 1474 and 1480-1487.


Silver (spot) closed down on Thursday made its intraday high of US$24.19/ounce after setting intraday low of US$23.55/ounce. Silver settled 0.87% up at US$23.72/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 24.05-24.25 with stop above 24.50; targeting 23.35-22.90 and 23.30, upside breakout of 24.50 will open the way to 24.90 and 25.10-25.90. Buyers can buy in 23.30-23.65 with risk below 22.85 hourly closing, targeting 24.25 and 24.55-24.90.


Crude futures (June 2013) on Thursday made an intra‐day high of US$96.73/bbl and made an intraday low of US$95.33/bbl and settled down by 0.393% at US$96.18/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 96.90-97.80, targeting 95.80-94.65. Stop loss with four-hour closing above 98.40.

EUR/USD on Thursday made an intra‐day low of US$1.3009/EUR and made an intraday high of US$1.3176/EUR and settled the day 0.844% down at US$1.3040/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.3060-1.3125 targeting 1.3005-1.2980 and stop-loss with four-hour closing at 1.3190 might be appropriate; whereas, buying can be done above 1.2980-1.3005 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Thursday made an intra‐day low of US$1.5424/GBP and made an intraday high of US$1.5586/GBP and settled the day down by 0.553% at US$1.5446/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair below 1.5490-1.5510 targeting 1.5415-1.5385 and stop-loss at four-hour closing above 1.5590; whereas, buying can be done 1.5385-1.5415 targeting 1.5490-1.5540 and 1.5590; stop-loss with four-hour closing below 1.5365.


USD/JPY on Thursday an intra‐day low of JPY98.63/USD and made an intraday high of JPY 100.57/USD and settled the day 1.606% up at JPY100.57/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair between 99.80-100.10 targeting 101.50-102.50 and stop-loss with four-hour closing below 98.60.


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

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Mon May 13, 2013 7:28 am

May 13, 2013

Gold (spot) closed down on Friday made its intraday high of US$1,462.29/ounce after setting intraday low of US$1,419.81/ounce. Gold went down by 0.66% at US$1,448.55/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1446-1454; targeting 1420-1405 and 1380, upside breakage of 1464 will lead to 1485-1494 and 1505-1520. Buy on dips at 1420-1405 with strict stop loss below 1390 1-hourly closing; targeting 1454-1466 and 1474-1480.


Silver (spot) closed up on Friday made its intraday high of US$23.92/ounce after setting intraday low of US$23.20/ounce. Silver settled 0.61% up at US$23.88/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 23.65-24.05 with stop above 24.40; targeting 23.35-22.90 and 22.30, upside breakout of 24.50 will open the way to 24.90 and 25.10-25.90. Buyers can buy in 22.90-23.20 with risk below 22.85 hourly closing, targeting 24.25 and 24.55-24.90.


Crude futures (June 2013) on Friday made an intra‐day high of US$96.24/bbl and made an intraday low of US$93.37/bbl and settled down by 0.36% at US$96.04/bbl on session close.
Trading Strategy: Neutral to Sell
Based on the charts and explanations above, we prefer to short oil below 96.90-97.80, targeting 95.80-94.65. Stop loss with four-hour closing above 98.40.


EUR/USD on Friday made an intra‐day low of US$1.2934/EUR and made an intraday high of US$1.3050/EUR and settled the day 0.394% down at US$1.2988/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, selling the pair below 1.3060-1.3125 targeting 1.3005-1.2980 and stop-loss with four-hour closing at 1.3190 might be appropriate; whereas, buying can be done above 1.2980-1.3005 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2930.


GBP/USD on Friday made an intra‐day low of US$1.5313/GBP and made an intraday high of US$1.5586/GBP and settled the day down by 0.563% at US$1.5359/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, our opinion is selling the pair below 1.5490-1.5510 targeting 1.5415-1.5385 and stop-loss at four-hour closing above 1.5590; whereas, buying can be done 1.5385-1.5415 targeting 1.5490-1.5540 and 1.5590; stop-loss with four-hour closing below 1.5365.


USD/JPY on Friday an intra‐day low of JPY100.53/USD and made an intraday high of JPY 101.97/USD and settled the day 0.566% down at JPY101.57/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair between 99.80-100.10 targeting 101.50-102.50 and stop-loss with four-hour closing below 98.60.


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

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Tue May 14, 2013 3:48 am

May 14, 2013

Gold (spot) closed down on Monday made its intraday high of US$1,448.96/ounce after setting intraday low of US$1,425.83/ounce. Gold went down by 1.277% at US$1,430.14/ounce.
Trading Strategy: Neutral
Sell at strength at 1446-1454; targeting 1420-1405 and 1380, upside breakage of 1464 will lead to 1485-1494 and 1505-1520. Buy on dips at 1420-1429 with strict stop loss below 1415 1-hourly closing; targeting 1446-1454 and 1466-1474.


Silver (spot) closed down on Monday made its intraday high of US$23.85/ounce after setting intraday low of US$23.49/ounce. Silver settled 0.71% down at US$23.66/ounce.
Trading Strategy: Neutral
Silver looks neutral in-between 23.20-24.40, upside breakage of 24.40 will lead to 24.90-25.10; whereas, breakage below 23.20 may call for 22.90-22.60. Short positions at 23.95-24.25 with stop above 24.40; targeting 23.35-22.90 and 22.30, upside breakout of 24.40 will open the way to 24.60-24.90 and 25.10-25.90. Buyers can buy in 22.90-23.20 with risk below 22.85 hourly closing, targeting 24.25 and 24.55-24.90.


Crude futures (June 2013) on Monday made an intra‐day high of US$95.76/bbl and made an intraday low of US$94.47/bbl and settled down by 0.90% at US$94.88/bbl on session close.
Trading Strategy: Neutral to Sell
U.S. oil is expected to retest a support at $93.58 per barrel. A rise from the current point could be capped at $97.05, but a further gain above $97.05 will signal an extension of the uptrend towards $99.19.Based on today's market, we prefer to short oil below 96.90-97.80, targeting 95.80-94.65. Stop loss with four-hour closing above 98.40.


EUR/USD on Monday made an intra‐day low of US$1.2940/EUR and made an intraday high of US$1.2998/EUR and settled the day 0.03% down at US$1.2973/EUR on session close.
Trading Strategy: Neutral
Based on today's market, selling the pair below 1.3060-1.3125 targeting 1.3005-1.2980 and stop-loss with four-hour closing at 1.3190 might be appropriate; whereas, buying can be done above 1.2960-1.3005 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2940.


GBP/USD on Monday made an intra‐day low of US$1.5276/GBP and made an intraday high of US$1.5383/GBP and settled the day down by 0.351% at US$1.5298/GBP on session close.
Trading Strategy: Neutral
Based on today's market, our opinion is buying can be done 1.5270-1.5310 targeting 1.5410 and 1.5490-1.5540; stop-loss with four-hour closing below 1.5200; whereas, selling the pair below 1.5350-1.5410 targeting 1.5270-1.5190 and stop-loss at four-hour closing above 1.5510.


USD/JPY on Monday an intra‐day low of JPY101.50/USD and made an intraday high of JPY 102.14/USD and settled the day 0.058% down at JPY101.81/USD on session close.
Trading Strategy: Neutral
Based on today's market, buying the pair between 100.10-100.50 targeting 101.50-102.50 and stop-loss with four-hour closing below 99.80.


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Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Wed May 15, 2013 5:51 am

May 15, 2013

Gold (spot)closed down on Tuesday made its intraday high of US$1,445.38/ounce before setting intraday low of US$1,421.14/ounce. Gold went down by0.346% at US$1,425.14/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1436-1446; targeting 1420-1405 and 1380, upside breakage of 1454 will lead to1464-1474 and 1485-1494. Buy on dips at 1418-1424with strict stop loss below 14151-hourly closing; targeting 1446-1454 and 1466-1474.


Silver (spot) closed down on Tuesday made its intraday high of US$23.79/ounce after setting intraday low of US$23.23/ounce. Silver settled 0.93% down at US$23.40/ounce.
Trading Strategy: Neutral
Silver looks neutral in-between 23.05-24.40, upside breakage of 24.40 will lead to 24.90-25.10; whereas, breakage below 23.05 may call for 22.90-22.60. Short positions at 23.65-24.05 with stop above 24.40; targeting 23.05-22.90 and 22.30, upside breakout of 24.40will open the way to24.60-24.90 and 25.10-25.90.Buyers can buy in 22.90-23.05with risk below 22.85 hourly closing, targeting 24.25 and 24.55-24.90.


Crude futures (June 2013) on Tuesday made an intra‐day high of US$95.64/bbl and made an intraday low of US$93.83/bbland settled down by 0.748%at US$94.19/bbl on session close.
Trading Strategy: Neutral to Sell
U.S. oil is expected to retest a support at 93.58 per barrel. A rise from the current point could be capped at 97.05, but a further gain above 97.05 will signal an extension of the uptrend towards 99.19. Based on today’s market, we prefer to short oil below 94.90-95.70, targeting 93.80-93.10. Stop loss with four-hour closing above 97.05.


EUR/USD on Tuesday made an intra‐day low ofUS$1.2911/EUR and made an intraday high of US$1.3028/EUR and settled the day 0.477%downat US$1.2918/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2960-1.3060 targeting 1.2870-1.2800 and stop-loss with four-hour closing at 1.3155 might be appropriate; whereas, buying can be done above 1.2960-1.3005 targeting 1.3170-1.3190 and 1.3230-1.3260 and stop-loss with four-hour closing below 1.2940.


GBP/USD on Tuesday made an intra‐day low ofUS$1.5206/GBP and made an intraday high of US$1.5330/GBP and settled the day downby1.464% at US$1.5207/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is buying can be done 1.5270-1.5310 targeting 1.5410 and 1.5490-1.5540; stop-loss with four-hour closing below 1.5200; whereas, selling the pair below 1.5350-1.5410 targeting 1.5270-1.5190 and stop-loss at four-hour closing above 1.5510.


USD/JPY on Tuesday an intraday low of JPY101.25/USD and made an intraday high of JPY 102.42/USD and settled the day 0.569% up at JPY102.39/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair between 100.10-100.50 targeting 101.50-102.50 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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