IKON FINANCE Forex Analysis (September)

Re: IKON FINANCE Forex Analysis (September)

Postby Ajawed » Mon Sep 30, 2013 6:06 am

September 30, 2013

Gold (spot) closed upon Friday made its intraday high of US$1,344.13/ounce before setting intraday low of US$1,319.60/ounce. Gold went up by 1.059% at US$1,336.90/ounce.
Trading Strategy: Neutral
Buy on dips at 1319-1328 with strict stop loss below 13091 hourly closing targeting 1344-1354 and 1361-1369 break below 1305 will call for 1302-1294 and 1286. Sell at strength at 1344-1354 targeting 1334-1326 and 1319-1309, upside breakage of 1358 will lead to 1361-1369 and 1376.


Silver (spot) closed upon Friday made its intraday high of US$22.12/ounce after setting intraday low of US$21.49/ounce. Silver settled 0.461% up at US$21.77/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.05-21.40 targeting 22.05-22.35 and 22.75-23.05 with risk below 20.90 hourly closing. Short positions at 22.05-22.75 with stop above 22.95 targeting 21.40-21.10 and 20.75-20.50 upside breakout of 23.05 will open the way to 23.30-23.75.


Crude futures (Oct 2013) on Friday made an intraday high of US$103.75/bbl and made an intraday low of US$102.35/bbl and settled down by 0.486% at US$102.82/bbl on session close.
Trading Strategy: Neutral
Sell in between 102.30-103.20 with risk above 104.80 targeting 101-100.20 upside breakage of 104.80 will lead to 105.30-106.60 and 106.90-107.50. Buy in between 101.00-101.50 with risk below 101.00 hourly closing targeting 102.20-103.20 and 104.80-105.30. Breakage below 101 will call for 100.20-99.25.


EUR/USD on Friday made an intraday low of US$1.3473/EUR and made an intraday high of US$1.3563/EUR and settled the day 0.252% up at US$1.3521/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3520-1.3590 with risk above 1.3690 targeting 1.3450 and 1.3380-1.3320. Buying can be done above 1.3480-1.3395 targeting 1.3490-1.3550 and 1.3590-1.3620 with stop loss with four hour closing below 1.3350.


GBP/USD on Friday made an intraday low of US$1.6028/GBP and made an intraday high of US$1.6145/GBP and settled the day up by 0.623% at US$1.6139/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6125-1.6085 targeting 1.6170-1.6302 with stop loss four hour closing below 1.5990 breakage below 1.5990 targeting 1.5910-1.5875 and 1.5820-1.5750. Sell at strength 1.6170-1.6200 with risk above 1.6200, targeting 1.6130-1.6050 and 1.6010-1.5930.


USD/JPY on Friday an intraday low of JPY98.08/USD and made an intraday high of JPY99.03/USD and settled the day 0.729% down at JPY98.24/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.50-99.50, using a stop loss of 100.00, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80. Buy above 97.60-96.80, using a stop loss of below 96.30, targeting 98.90-99.90 and 100.20-100.80.


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

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