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IKON FINANCE Forex Analysis (July)

PostPosted: Mon Jul 01, 2013 7:58 am
by Ajawed
July 1, 2013

Gold (spot) closed up on Friday made its intraday high of US$1235.48/ounce after setting intraday low of US$1180.57/ounce. Gold went up by 2.82% at US$1234.53/ounce.
Trading Strategy: Neutral to Sell Strength
Sell at strength at 1248-1264; targeting 1230-1218 and 1205, upside breakage of 1270 will lead to 1284-1290 and 1305-1320. Buy on dips at 1218-1205 with strict stop loss below 1195 1-hourly closing; targeting 1248-1260 and 1274-1284; break below 1195 will call for 1170-1150.


Silver (spot) closed down on Friday made its intraday high of US$19.71/ounce after setting intraday low of US$18.22/ounce. Silver settled 6.03% up at US$19.68/ounce.
Trading Strategy: Neutral to Strength
Short positions at 19.90-20.30 with stop above 20.50; targeting 19.60-19.30 and 18.90-18.50, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 18.50-18.90, targeting 19.30-19.90 and 20.10-20.50 with risk below 17.90.


Crude futures (July 2013) on Friday made an intra‐day high of US$97.82/bbl and made an intraday low of US$93.65/bbl and settled down by 0.50% at US$96.56/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to short oil below 97.05-97.90, targeting 95.60-94.90 and 94.20-92.90. Stop loss with four-hour closing above 98.40. Buy above 92.20-92.90 targeting 93.60-94.90 and 95.70-97.05.


EUR/USD on Friday made an intra‐day low of US$1.2990/EUR and made an intraday high of US$1.3101/EUR and settled the day 0.214% down at US$1.3008/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3100-1.3190 with risk above 1.3250; targeting 1.3010-1.2950; whereas, buying can be done above 1.3000 targeting 1.3150-1.3240 and 1.3390 with stop-loss with four-hour closing below 1.2950.


GBP/USD on Friday made an intra‐day low of US$1.5164/GBP and made an intraday high of US$1.5278/GBP and settled the day down by 0.314% at US$1.5209/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.5280-1.5305, targeting 1.5190-1.5105; alternatively, a break above 1.5090 might call for 1.5050—1.4950. Buying can be done 1.5105-1.5160 targeting 1.5250-1.5305; stop-loss with four-hour closing below 1.5050.


USD/JPY on Friday an intra‐day low of JPY98.32/USD and made an intraday high of JPY 99.44/USD and settled the day 0.803% up at JPY99.11/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 98.50, using a stop loss of 97.20, targeting 99.80-100.50. Alternatively, break below 96.80 might call for 95.70.


http://www.ikonfinance.com/

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Tue Jul 02, 2013 6:50 am
by Ajawed
July 2, 2013

Gold (spot) closed up on Monday made its intraday high of US$1261.76/ounce after setting intraday low of US$1225.16/ounce. Gold went up by 1.536% at US$1252.06/ounce.
Trading Strategy: Neutral
Sell at strength at 1262-1270; targeting 1247-1236 and 1230-1226, upside breakage of 1274 will lead to 1284-1290 and 1305-1320. Buy on dips at 1247-1240 with strict stop loss below 1230 1-hourly closing; targeting 1260-1268 and 1274-1284; break below 1230 will call for 1218-1212 and 1205-1195.


Silver (spot) closed up on Monday made its intraday high of US$20.10/ounce after setting intraday low of US$19.62/ounce. Silver settled 0.306% up at US$19.62/ounce.
Trading Strategy: Neutral to Strength
Short positions at 19.90-20.30 with stop above 20.50; targeting 19.60-19.30 and 18.90-18.50, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 18.50-18.90, targeting 19.30-19.90 and 20.10-20.50 with risk below 17.90.


Crude futures (July 2013) on Monday made an intra‐day high of US$98.25/bbl and made an intraday low of US$96.04/bbl and settled down by 1.596% at US$98.03/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to short oil below 98.40-99.20, targeting 97.05-96.40 and 95.60-94.90. Stop loss with four-hour closing above 99.60. Buy above 95.70-97.05 targeting 98.40-98.90 and 99.60.


EUR/USD on Monday made an intra‐day low of US$1.3004/EUR and made an intraday high of US$1.3065/EUR and settled the day 0.384% down at US$1.3062/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3100-1.3190 with risk above 1.3250; targeting 1.3010-1.2950; whereas, buying can be done above 1.3000 targeting 1.3150-1.3240 and 1.3390 with stop-loss with four-hour closing below 1.2950.


GBP/USD on Monday made an intra‐day low of US$1.5182/GBP and made an intraday high of US$1.5247/GBP and settled the day down by 0.098% at US$1.5214/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.5280-1.5305, targeting 1.5190-1.5105; alternatively, a break above 1.5090 might call for 1.5050—1.4950. Buying can be done 1.5105-1.5160 targeting 1.5250-1.5305; stop-loss with four-hour closing below 1.5050.


USD/JPY on Monday an intra‐day low of JPY99.16/USD and made an intraday high of JPY 99.85/USD and settled the day 0.423% up at JPY99.63/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 98.50, using a stop loss of 97.20, targeting 99.80-100.50. Alternatively, break below 96.80 might call for 95.70.


http://www.ikonfinance.com/

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Wed Jul 03, 2013 6:28 am
by Ajawed
July 3, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1267.32/ounce before setting intraday low of US$1239.45/ounce. Gold went down by 0.836% at US$1242.86/ounce.
Trading Strategy: Neutral
Sell at strength at 1248-1260; targeting 1247-1236 and 1230-1226, upside breakage of 1270 will lead to 1274-1278 and 1284-1290. Buy on dips at 1230-1237 with strict stop loss below 1226 1-hourly closing; targeting 1260-1268 and 1274-1284; break below 1230 will call for 1218-1212 and 1205-1195.


Silver (spot) closed down on Tuesday made its intraday high of US$19.82/ounce after setting intraday low of US$19.25/ounce. Silver settled 1.179% down at US$19.38/ounce.
Trading Strategy: Neutral to Strength
Short positions at 19.70-20.10 with stop above 20.50; targeting 19.60-19.30 and 18.90-18.50, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 18.90-19.10, targeting 19.30-19.90 and 20.10-20.50 with risk below 18.50.


Crude futures (July 2013) on Tuesday made an intra‐day high of US$99.84/bbl and made an intraday low of US$97.75/bbl and settled up by 1.601% at US$99.59/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to buy above 99.80, using a stop loss of 98.90, targeting 102.20-103.10; alternatively, break below 98.90 might call for 97.30.


EUR/USD on Tuesday made an intra‐day low of US$1.2962/EUR and made an intraday high of US$1.3077/EUR and settled the day 0.650% down at US$1.2977/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3060-1.3100 with risk above 1.3190; targeting 1.2950-1.2890; alternatively, break above 1.3180 might call for 1.3280. Buying can be done above 1.2890-1.2960 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2820.


GBP/USD on Tuesday made an intra‐day low of US$1.5135/GBP and made an intraday high of US$1.5236/GBP and settled the day down by 0.394% at US$1.5153/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.5250-1.5305, targeting 1.5190-1.5105; alternatively, a break above 1.5090 might call for 1.5050—1.4950. Buying can be done 1.5105 targeting 1.5250-1.5305; stop-loss with four-hour closing below 1.5050.


USD/JPY on Tuesday an intra‐day low of JPY99.50/USD and made an intraday high of JPY 100.71/USD and settled the day 0.983% up at JPY100.61/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 99.80-100.50, using a stop loss of 98.50, targeting 101.50-102.00 and 102.40. Alternatively, break below 98.50 might call for 97.20-96.30.

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Thu Jul 04, 2013 7:26 am
by Ajawed
July 4, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1259.90/ounce after setting intraday low of US$1236.61/ounce. Gold went up by 0.782% at US$1252.51/ounce.
Trading Strategy: Neutral
Sell at strength at 1258-1269; targeting 1247-1236 and 1230-1226, upside breakage of 1278 will lead to 1284--1290. Buy on dips at 1230-1237 with strict stop loss below 1226 1-hourly closing; targeting 1260-1268 and 1274-1284; break below 1230 will call for 1218-1212 and 1205-1195.


Silver (spot) closed down on Wednesday made its intraday high of US$19.92/ounce after setting intraday low of US$19.35/ounce. Silver settled 2.11% up at US$19.76/ounce.
Trading Strategy: Neutral
Short positions at 19.70-20.20 with stop above 20.70; targeting 19.60-19.30 and 18.90-18.50, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 18.90-19.40, targeting 19.30-19.90 and 20.10-20.50 with risk below 18.50.


Crude futures (July 2013) on Wednesday made an intraday high of US$102.16/bbl and made an intraday low of US$99.57/bbl and settled up by 1.496% at US$99.57/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to sell in 101.90-102.50 with risk above 103.20, targeting 100.50-99.80 and 99.20-98.40. Buy above 99.80, using a stop loss of 98.90, targeting 102.20-103.10; alternatively, break below 98.90 might call for 97.30.


EUR/USD on Wednesday made an intraday low of US$1.2922/EUR and made an intraday high of US$1.3031/EUR and settled the day 0.238% up at US$1.3008/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3050-1.3100 with risk above 1.3190; targeting 1.2950-1.2890; alternatively, break above 1.3180 might call for 1.3280. Buying can be done above 1.2890-1.2960 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2820.


GBP/USD on Wednesday made an intraday low of US$1.5128/GBP and made an intraday high of US$1.5303/GBP and settled the day down by 0.884% at US$1.5277/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.5280-1.5305, targeting 1.5190-1.5105. Buying can be done 1.5190-1.5105 targeting 1.5250-1.5305 and 1.5390; stop-loss with four-hour closing below 1.5050. Alternatively, a break above 1.5050 might call for 1.4950-1.4900.


USD/JPY on Wednesday an intraday low of JPY99.24/USD and made an intraday high of JPY 100.84/USD and settled the day 0.725% down at JPY100.61/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 99.40-98.70, using a stop loss of 98.30, targeting 101.50-102.00 and 102.40. Alternatively, break below 98.30 might call for 97.20-96.30.

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Fri Jul 05, 2013 7:50 am
by Ajawed
July 5, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1257.89/ounce after setting intraday low of US$1244.78/ounce. Gold went down by 0.251% at US$1249.65/ounce.
Trading Strategy: Neutral
Sell at strength at 1246-1260; targeting 1247-1236 and 1230-1226, upside breakage of 1270 will lead to 1278-1284 and 1290. Buy on dips at 1230-1237 with strict stop loss below 1222 1-hourly closing; targeting 1260-1268 and 1274-1284; break below 1222 will call for 1218-1212 and 1205-1195.


Silver (spot) closed down on Thursday made its intraday high of US$19.86/ounce after setting intraday low of US$19.41/ounce. Silver settled 0.962% down at US$19.56/ounce.
Trading Strategy: Neutral
Short positions at 19.40-19.95 with stop above 20.20; targeting 19.20-18.90 and 18.50-17.90, upside breakout of 20.20 will open the way to 20.50-20.90 and 21.30-21.90. Buyers can buy above 18.90-19.20, targeting 19.40-19.90 and 20.10-20.50 with risk below 18.50.


Crude futures (July 2013) on Thursday made an intra‐day high of US$101.46/bbl and made an intraday low of US$100.68/bbl and settled down by 0.059% at US$101.03/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to sell in 101.90-102.50 with risk above 103.20, targeting 100.50-99.80 and 99.20-98.40. Buy above 99.80, using a stop loss of 98.90, targeting 102.20-103.10; alternatively, break below 98.90 might call for 97.30.


EUR/USD on Thursday made an intra‐day low of US$1.2882/EUR and made an intraday high of US$1.3022/EUR and settled the day 0.738% down at US$1.2912/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.2970-1.3040 with risk above 1.3100; targeting 1.2890-1.2850 and 1.2800; alternatively, break above 1.3100 might call for 1.3180-1.3280. Buying can be done above 1.2810-1.2840 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2750.


GBP/USD on Thursday made an intra‐day low of US$1.5054/GBP and made an intraday high of US$1.5287/GBP and settled the day down by 1.361% at US$1.5069/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.5105-1.5140, targeting 1.5000-1.4950. Buying can be done 1.4950-1.5005 targeting 1.5105-1.5140; stop-loss with four-hour closing below 1.4895. Alternatively, a break below 1.4895 might call for 1.4850-1.4800.


USD/JPY on Thursday an intra‐day low of JPY99.48/USD and made an intraday high of JPY 100.15/USD and settled the day 0.123% up at JPY100.01/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 99.40-98.70, using a stop loss of 98.30, targeting 101.50-102.00 and 102.40. Alternatively, break below 98.30 might call for 97.20-96.30.


http://www.ikonfinance.com/

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Mon Jul 08, 2013 6:59 am
by Ajawed
July 8, 2013

Gold (spot) closed down on Friday made its intraday high of US$1250.57/ounce before setting intraday low of US$1208.07/ounce. Gold went down by 2.144% at US$1222.63/ounce.
Trading Strategy: Neutral
Sell at strength at 1226-1237; targeting 1208-1200 and 1194-1180, upside breakage of 1254 will lead to 1260-1269 and 1278-1284. Buy on dips at 1180-1194 with strict stop loss below 1173 1-hourly closing; targeting 1226-1237 and 1242-1254; break below 1174 will call for 1150-1105.


Silver (spot) closed down on Friday made its intraday high of US$19.61/ounce after setting intraday low of US$18.70/ounce. Silver settled 3.272% down at US$18.90/ounce.
Trading Strategy: Neutral
Short positions at 19.05-19.60 with stop above 19.95; targeting 18.70-18.50 and 17.90, upside breakout of 19.95 will open the way to 20.20-20.50 and 20.90-21.30. Buyers can buy above 18.20-18.50, targeting 19.20-19.60 and 19.90-20.10 with risk below 17.90.


Crude futures (July 2013) on Friday made an intra‐day high of US$103.46/bbl and made an intraday low of US$100.88/bbl and settled up by 2.32% at US$103.45/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to sell in 103.80-104.80 with risk above 105.00, targeting 102.60-101.30 and 100.50-99.20. Buy above 101.90-102.60, using a stop loss of 101.30, targeting 102.20-103.10; alternatively, break below 101.30 might call for 100.50-99.80 and 99.20.


EUR/USD on Friday made an intra‐day low of US$1.2805/EUR and made an intraday high of US$1.2916/EUR and settled the day 0.650% down at US$1.2828/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.2890-1.2970 with risk above 1.3050; targeting 1.2800-1.2750 and 1.2680; alternatively, break above 1.3050 might call for 1.3050-1.3100 and 1.3180-1.3280. Buying can be done above 1.2790-1.2820 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2750.


GBP/USD on Friday made an intra‐day low of US$1.4856/GBP and made an intraday high of US$1.5007/GBP and settled the day down by 1.234% at US$1.4883/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.4950-1.5005, targeting 1.4830-1.4765 and 1.4690. Buying can be done 1.4830-1.4860 targeting 1.4950-1.5005 and 1.5105-1.5140; stop-loss with four-hour closing below 1.4800. Alternatively, a break below 1.4800 might call for 1.4765-1.4690.


USD/JPY on Friday an intra‐day low of JPY99.88/USD and made an intraday high of JPY 101.22/USD and settled the day 1.669% up at JPY101.17/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 100.20-99.40, using a stop loss of 99.20, targeting 101.50-102.00 and 102.40. Alternatively, break below 99.20 might call for 98.70-98.30 and 97.20-96.30.


http://www.ikonfinance.com/

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Tue Jul 09, 2013 7:51 am
by Ajawed
July 9, 2013

Gold (spot) closed up on Monday made its intraday high of US$1238.62/ounce after setting intraday low of US$1215.65/ounce. Gold went up by 1.162% at US$1236.50/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1254-1269; targeting 1242-1236 and 1226-1215, upside breakage of 1274 will lead to 1278-1284 and 1290. Buy on dips at 1218-1226 with strict stop loss below 1205 1-hourly closing; targeting 1226-1237 and 1242-1254; break below 1205 will call for 1194-1180.


Silver (spot) closed up on Monday made its intraday high of US$19.29/ounce after setting intraday low of US$18.71/ounce. Silver settled 1.22% up at US$19.08/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 19.40-19.60 with stop above 19.95; targeting 19.10-18.70 and 18.50-17.90, upside breakout of 19.95 will open the way to 20.20-20.50 and 20.90-21.30. Buyers can buy above 18.70-19.05, targeting 19.20-19.60 and 19.90-20.10 with risk below 18.20.

Crude futures (July 2013) on Monday made an intra‐day high of US$104.00/bbl and made an intraday low of US$102.11/bbl and settled down by 0.67% at US$103.02/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to sell in 103.80-104.80 with risk above 105.00, targeting 102.60-101.30 and 100.50-99.20. Buy above 101.90-102.60, using a stop loss of 101.30, targeting 102.20-103.10; alternatively, break below 101.30 might call for 100.50-99.80 and 99.20.


EUR/USD on Monday made an intra‐day low of US$1.2810/EUR and made an intraday high of US$1.2881/EUR and settled the day 0.465% up at US$1.2869/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.2890-1.2970 with risk above 1.3050; targeting 1.2800-1.2750 and 1.2680; alternatively, break above 1.3050 might call for 1.3050-1.3100 and 1.3180-1.3280. Buying can be done above 1.2790-1.2820 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2750.


GBP/USD on Monday made an intra‐day low of US$1.4857/GBP and made an intraday high of US$1.4965/GBP and settled the day up by 0.531% at US$1.4949/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.4950-1.5005, targeting 1.4830-1.4765 and 1.4690. Buying can be done 1.4830-1.4860 targeting 1.4950-1.5005 and 1.5105-1.5140; stop-loss with four-hour closing below 1.4800. Alternatively, a break below 1.4800 might call for 1.4765-1.4690.

USD/JPY on Monday an intra‐day low of JPY100.76/USD and made an intraday high of JPY 101.23/USD and settled the day 0.197% up at JPY100.95/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy above 100.20-99.40, using a stop loss of 99.20, targeting 101.50-102.00 and 102.40. Alternatively, break below 99.20 might call for 98.70-98.30 and 97.20-96.30.


http://www.ikonfinance.com/

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Wed Jul 10, 2013 6:45 am
by Ajawed
July 10, 2013

Gold (spot) closed up on Tuesday made its intraday high of US$1,260.19/ounce after setting intraday low of US$1,233.42/ounce. Gold went up by 1.17% at US$1,251.03/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1254-1269; targeting 1242-1236 and 1226-1215, upside breakage of 1274 will lead to 1278-1284 and 1290. Buy on dips at 1218-1226 with strict stop loss below 1205 1-hourly closing; targeting 1226-1237 and 1242-1254; break below 1205 will call for 1194-1180.


Silver (spot) closed up on Tuesday made its intraday high of US$19.50/ounce after setting intraday low of US$18.99/ounce. Silver settled 1.05% up at US$19.28/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 19.30-19.60 with stop above 19.95; targeting 19.10-18.70 and 18.50-17.90, upside breakout of 19.95 will open the way to 20.20-20.50 and 20.90-21.30. Buyers can buy above 18.70-19.05, targeting 19.20-19.60 and 19.90-20.10 with risk below 18.20.

Crude futures (July 2013) on Tuesday made an intra‐day high of US$104.73/bbl and made an intraday low of US$102.28/bbl and settled up by 1.47% at US$104.49/bbl on session close.
Trading Strategy: Neutral
Based on today’s chart, we prefer to sell in 104.60-105.00 with risk above 105.20, targeting 102.60-101.30 and 100.50-99.20. Buy above 101.90-102.60, using a stop loss of 101.30, targeting 102.20-103.10; alternatively, break below 101.30 might call for 100.50-99.80 and 99.20.


EUR/USD on Tuesday made an intra‐day low of US$1.2754/EUR and made an intraday high of US$1.2897/EUR and settled the day 0.707% down at US$1.2779/EUR on session close.
Trading Strategy: Neutral
Based on today’s chart, selling the pair 1.2890-1.2970 with risk above 1.3050; targeting 1.2800-1.2750 and 1.2680; alternatively, break above 1.3050 might call for 1.3050-1.3100 and 1.3180-1.3280. Buying can be done above 1.2750-1.2790 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2700.


GBP/USD on Tuesday made an intra‐day low of US$1.4812/GBP and made an intraday high of US$1.4979/GBP and settled the day down by 1.697% at US$1.4865/GBP on session close.
Trading Strategy: Neutral
Based on today’s chart, sell below 1.4950-1.5005, targeting 1.4830-1.4765 and 1.4690. Buying can be done 1.4830-1.4860 targeting 1.4950-1.5005 and 1.5105-1.5140; stop-loss with four-hour closing below 1.4800. Alternatively, a break below 1.4800 might call for 1.4765-1.4690.


USD/JPY on Tuesday an intra‐day low of JPY100.76/USD and made an intraday high of JPY 101.29/USD and settled the day 0.197% up at JPY101.13/USD on session close.
Trading Strategy: Neutral
Based on today’s chart, buy above 100.20-99.40, using a stop loss of 99.20, targeting 101.50-102.00 and 102.40. Alternatively, break below 99.20 might call for 98.70-98.30 and 97.20-96.30.


http://www.ikonfinance.com/

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Thu Jul 11, 2013 6:47 am
by Ajawed
July 11, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,265.75/ounce after setting intraday low of US$1,243.87/ounce. Gold went up by 0.672% at US$1,259.09/ounce.
Trading Strategy: Neutral
Sell at strength at 1296-1305; targeting 1286-1282 and 1274-1265, upside breakage of 1305 will lead to 1317-1320 and 1330. Buy on dips at 1274-1282 with strict stop loss below 1262 1-hourly closing; targeting 1298-1305 and 1315-1324; break below 1262 will call for 1254-1248 and 1242-1237.


Silver (spot) closed up on Wednesday made its intraday high of US$19.43/ounce after setting intraday low of US$19.02/ounce. Silver settled 0.571% up at US$19.35/ounce.
Trading Strategy: Neutral
Short positions at 20.30-20.90 with stop above 21.30; targeting 19.90-19.40 and 19.10-18.70, upside breakout of 21.30 will open the way to 21.60-22.40. Buyers can buy above 19.10-19.40, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.90.


Crude futures (July 2013) on Wednesday made an intra‐day high of US$106.64/bbl and made an intraday low of US$104.18/bbl and settled up by 1.549% at US$106.16/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 106.40-105.20, using a stop loss of 104.80, targeting 107.50-108.60 and 110.70; alternatively, break below 104.80 might call for 103.70-103.20 and 102.60.


EUR/USD on Wednesday made an intra‐day low of US$1.2764/EUR and made an intraday high of US$1.2984/EUR and settled the day 1.525% up at US$1.2975/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3190-1.3250 with risk above 1.3320; targeting 1.3090-1.3005 and 1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3070-1.3090 targeting 1.3150-1.3240 with stop-loss with four-hour closing below 1.2990.


GBP/USD on Wednesday made an intra‐day low of US$1.4844/GBP and made an intraday high of US$1.5015/GBP and settled the day down by 0.975% at US$1.5010/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.5190-1.5260, targeting 1.5001-1.4860 and 1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.


USD/JPY on Wednesday an intra‐day low of JPY99.38/USD and made an intraday high of JPY 101.20/USD and settled the day 1.473% down at JPY99.64/USD on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair below 99.90-100.80 targeting 98.90-98.05 and 97.55-97.05 and stop-loss with four-hour closing above 101.20. Buy above 98.50-97.60, using a stop loss of 96.90, targeting 101.50-102.00 and 102.40.


http://www.ikonfinance.com/

Re: IKON FINANCE Forex Analysis (July)

PostPosted: Fri Jul 12, 2013 6:12 am
by Ajawed
July 12, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,298.78/ounce after setting intraday low of US$1,264.34/ounce. Gold went up by 1.538% at US$1,285.62/ounce.
Trading Strategy: Neutral
Sell at strength at 1285-1298; targeting 1280-1274 and 1265-1254, upside breakage of 1305 will lead to 1317-1320 and 1330. Buy on dips at 1266-1274 with strict stop loss below 1262 1-hourly closing; targeting 1298-1305 and 1315-1324; break below 1262 will call for 1254-1248 and 1242-1237.


Silver (spot) closed up on Thursday made its intraday high of US$20.27/ounce after setting intraday low of US$19.48/ounce. Silver settled 3.125% up at US$20.13/ounce.
Trading Strategy: Neutral
Short positions at 20.10-20.60 with stop above 21.00; targeting 19.90-19.40 and 19.10-18.70, upside breakout of 21.30 will open the way to 21.60-22.40. Buyers can buy above 19.10-19.40, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.90.


Crude futures (July 2013) on Thursday made an intra‐day high of US$107.42/bbl and made an intraday low of US$104.28/bbl and settled down by 1.479% at US$104.56/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 104.20-103.60, using a stop loss of 102.60, targeting 105.50-106.30 and 107.50-108.60; alternatively, break below 102.60 might call for 103.70-103.20 and 102.60.


EUR/USD on Thursday made an intra‐day low of US$1.2961/EUR and made an intraday high of US$1.3205/EUR and settled the day 0.924% up at US$1.3095/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3090-1.3190 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3005-1.3050 targeting 1.3150-1.3240 with stop-loss with four-hour closing below 1.2990.


GBP/USD on Thursday made an intra‐day low of US$1.4996/GBP and made an intraday high of US$1.5220/GBP and settled the day down by 1.139% at US$1.5182/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.5190-1.5260, targeting 1.5001-1.4860 and 1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.


USD/JPY on Thursday an intra‐day low of JPY98.25/USD and made an intraday high of JPY 99.89/USD and settled the day 0.722% down at JPY98.94/USD on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair below 99.50-99.90 targeting 98.20-97.60 and 97.05 and stop-loss with four-hour closing above 101.20. Buy above 98.50-97.60, using a stop loss of 96.90, targeting 101.50-102.00 and 102.40.


http://www.ikonfinance.com/