Ikon Finance Daily Forex Analysis (October)

Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Tue Oct 01, 2013 8:00 am

October 1, 2013

Gold (spot) closed upon Monday made its intraday high of US$1,352.21/ounce before setting intraday low of US$1,322.69/ounce. Gold went down by 1.023% at US$1,328.85/ounce.
Trading Strategy: Neutral
Sell at strength at 1334-1344 targeting 1325-1319 and 1309-1301, upside breakage of 1354 will lead to 1361-1369 and 1376. Buy on dips at 1312-1305 with strict stop loss below 13011 hourly closing targeting 1344-1354 and 1361-1369 break below 1305 will call for 1301-1294 and 1286-1375.


Silver (spot) closed down on Monday made its intraday high of US$22.06/ounce after setting intraday low of US$21.42/ounce. Silver settled 0.461% down at US$21.67/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 Monday 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 102.90-103.80 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 Monday made an intraday low of US$1.3476/EUR and made an intraday high of US$1.3555/EUR and settled the day 0.244% up at US$1.3524/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 Monday made an intraday low of US$1.6127/GBP and made an intraday high of US$1.6202/GBP and settled the day up by 0.266% at US$1.6187/GBP on session close.
Trading Strategy: Neutral
Based on today’s market , buying above 1.6170-1.6125 targeting 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5990 targeting 1.5910-1.5875 and 1.5820-1.5750.


USD/JPY on Monday an intraday low of JPY97.49/USD and made an intraday high of JPY98.43/USD and settled the day 0.563% down at JPY98.20/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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Wed Oct 02, 2013 6:36 am

October 2, 2013

Gold (spot) closed upon Tuesday made its intraday high of US$1337.34/ounce before setting intraday low of US$1282.44/ounce. Gold went down by 3.1% at US$1287.23/ounce.
Trading Strategy: Neutral
Sell at strength at 1297-1309 targeting 1284-1274 and 1266-1258, upside breakage of 1309 will lead to 1318-1324 and 1334-1340. Buy on dips at 1274-1284 with strict stop loss below 12741 hourly closing targeting 1307-1318 and 1324-1334 break below 1274 will call for 1260-1250.


Silver (spot) closed down on Tuesday made its intraday high of US$22.93/ounce after setting intraday low of US$20.59/ounce. Silver settled 2.2% down at US$21.16/ounce.
Trading Strategy: Neutral
Short positions at 21.30-22.05 with stop above 22.75 targeting 20.75-20.50 and upside breakout of 22.75 will open the way to 23.30-23.75. Buyers can buy above 20.50-20.10 targeting 21.30-21.90 and 22.05-22.75 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Tuesday made an intraday high of US$102.56/bbl and made an intraday low of US$101.05/bbl and settled down by 0.64% at US$101.64/bbl on session close.
Trading Strategy: Neutral
Sell in between 102.90-103.80 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 Tuesday made an intraday low of US$1.3516/EUR and made an intraday high of US$1.3587/EUR and settled the day at US$1.3525/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 Tuesday made an intraday low of US$1.6181/GBP and made an intraday high of US$1.6259/GBP and settled the day up by 0.068% at US$1.6194/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6170-1.6125 targeting 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5990 targeting 1.5910-1.5875 and 1.5820-1.5750.


USD/JPY on Tuesday an intraday low of JPY97.65/USD and made an intraday high of JPY98.72/USD and settled the day 0.27% down at JPY97.98/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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Thu Oct 03, 2013 6:33 am

October 3, 2013

Gold (spot) closed upon Wednesday made its intraday high of US$1323.55/ounce after setting intraday low of US$1277.58/ounce. Gold went up by 2.247% at US$1315.99/ounce.
Trading Strategy: Neutral
Sell at strength at 1320-1335 targeting 1307-1297 and 1284-1274, upside breakage of 1340 will lead to 1344-1354 and 1360-1369. Buy on dips at 1284-1292 with strict stop loss below 12741 hourly closing targeting 1307-1318 and 1324-1334 break below 1274 will call for 1260-1250.


Silver (spot) closed upon Wednesday made its intraday high of US$22.00/ounce after setting intraday low of US$20.95/ounce. Silver settled 2.69% up at US$21.69/ounce.
Trading Strategy: Neutral
Short positions at 21.90-22.35 with stop above 22.75 targeting 21.50-21.10 and 20.75-20.50 and upside breakout of 22.75 will open the way to 23.30-23.75. Buyers can buy above 20.95-21.30 targeting 21.30-21.90 and 22.05-22.75 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intraday high of US$104.20/bbl and made an intraday low of US$101.42/bbl and settled up by 2.165% at US$103.80/bbl on session close.
Trading Strategy: Neutral
Sell in between 102.90-103.80 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 101.50-102.30 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 Wednesday made an intraday low of US$1.3503/EUR and made an intraday high of US$1.3606/EUR and settled the day up by 0.391% at US$1.3577/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3620-1.3700 with risk above 1.3720 targeting 1.3550-1.3490 and 1.3450-1.3380. Buying can be done above1.3550-1.3480 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop loss with four hour closing below 1.3380.


GBP/USD on Wednesday made an intraday low of US$1.6161/GBP and made an intraday high of US$1.6250/GBP and settled the day up by 0.166% at US$1.6220/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6170-1.6125 targeting 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5990 targeting 1.5910-1.5875 and 1.5820-1.5750.


USD/JPY on Wednesday an intraday low of JPY97.13/USD and made an intraday high of JPY98.07/USD and settled the day 0.653% down at JPY97.34/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 97.50-96.80, 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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Fri Oct 04, 2013 6:17 am

October 4, 2013

Gold (spot) closed upon Thursday made its intraday high of US$1321.91/ounce after setting intraday low of US$1301.97/ounce. Gold went up by 0.076% at US$1316.79/ounce.
Trading Strategy: Neutral
Sell at strength at 1320-1335 targeting 1307-1297 and 1284-1274, upside breakage of 1340 will lead to 1344-1354 and 1360-1369. Buy on dips at 1284-1292 with strict stop loss below 12741 hourly closing targeting 1307-1318 and 1324-1334 break below 1274 will call for 1260-1250.


Silver (spot) closed down on Thursday made its intraday high of US$21.82/ounce after setting intraday low of US$21.42/ounce. Silver settled 0.23% down at US$21.65/ounce.
Trading Strategy: Neutral
Short positions at 21.90-22.35 with stop above 22.75 targeting 21.50-21.10 and 20.75-20.50 and upside breakout of 22.75 will open the way to 23.30-23.75. Buyers can buy above 20.95-21.30 targeting 21.30-21.90 and 22.05-22.75 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Thursday made an intraday high of US$104.36/bbl and made an intraday low of US$102.86/bbl and settled up by -0.905% at US$102.87/bbl on session close.
Trading Strategy: Neutral
Sell in between 103.80-104.80 with risk above 105.30 targeting 102.80-102.20 and 101.50-101.00 upside breakage of 105.30 will lead to 105.80-106.60 and 106.90-107.50. Buy in between 101.50-102.30 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 Thursday made an intraday low of US$1.3576/EUR and made an intraday high of US$1.3645/EUR and settled the day up by 0.294% at US$1.3617/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3620-1.3700 with risk above 1.3720 targeting 1.3550-1.3490 and 1.3450-1.3380. Buying can be done above1.3550-1.3480 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop loss with four hour closing below 1.3380.


GBP/USD on Thursday made an intraday low of US$1.6153/GBP and made an intraday high of US$1.6239/GBP and settled the day up by 0.166% at US$1.6153/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6150-1.6090 targeting 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5990 targeting 1.5910-1.5875 and 1.5820-1.5750.


USD/JPY on Thursday an intraday low of JPY97.25/USD and made an intraday high of JPY97.86/USD and settled the day 0.092% down at JPY97.25/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.50-98.50, using a stop loss of 99.50, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80. Buy above 96.60-95.80, using a stop loss of below 97.30, targeting 97.50-98.50 and 98.90-99.90.


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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Mon Oct 07, 2013 6:32 am

October 7, 2013

Gold (spot) closed down on Friday made its intraday high of US$1324.76/ounce after setting intraday low of US$1305.69/ounce. Gold went down by 0.464% at US$1310.60/ounce.
Trading Strategy: Neutral
Sell at strength at 1320-1328; targeting 1307-1297 and 1284-1274, upside breakage of 1328 will lead to 1335-1346 and 1354-1360. Buy on dips at 1301-1309with strict stop loss below 12961-hourly closing; targeting 1309-1318 and 1324-1334; break below 1296 will call for 1284-1274 and 1260-1250.


Silver (spot) closed upon Friday made its intraday high of US$21.90/ounce before setting intraday low of US$21.47/ounce. Silver settled 0.184% up at US$21.71/ounce.
Trading Strategy: Neutral
Short positions at 21.90-22.35 with stop above 22.75; targeting 21.50-21.10 and 20.75-20.50 and upside breakout of 22.75 will open the way to 23.30-23.75. Buyers can buy above 20.95-21.30 targeting 21.30-21.90 and 22.05-22.75 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Friday made an intra‐day high of US$104.16/bbl and made an intraday low of US$102.90/bbl and settled up by 0.699% at US$103.62/bbl on session close.
Trading Strategy: Neutral
Sell in between 103.80-104.80 with risk above 105.30; targeting 102.80-102.20 and 101.50-101.00; upside breakage of 105.30 will lead to 105.80-106.60 and 106.90-107.50. Buy in between 101.50-102.30 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 intra‐day low of US$1.3537/EUR and made an intraday high of US$1.3631/EUR and settled the day down by 0.447% at US$1.3556/EUR on session close.
Trading Strategy: Neutral
Based on today’s chart, buying can be done above1.3550-1.3480 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop-loss with four-hour closing below 1.3380.Selling the pair 1.3620-1.3700 with risk above 1.3720; targeting 1.3550-1.3490 and 1.3450-1.3380.


GBP/USD on Friday made an intra‐day low of US$1.6004/GBP and made an intraday high of US$1.6176/GBP and settled the day down by 0.897% at US$1.6009/GBP on session close.
Trading Strategy: Neutral
Based on today’s chart; buying above 1.5990-1.6040 targeting 1.6302-1.6390with stop-loss four-hour closing below 1.5990; breakage below 1.5910 targeting1.5875-1.5820 and 1.5750.


USD/JPY on Friday an intra‐day low of JPY 96.94/USD and made an intraday high of JPY97.47/USD and settled the day 0.226% up at JPY97.46/USD on session close.
Trading Strategy: Neutral
Based on today’s chart, sell below 97.50-98.50, using a stop loss of 99.50, targeting 96.80-96.30 and 95.60.Alternatively, a break above 100.00might call for 100.80-101.20 and 101.80.Buy above 96.60-95.80, using a stop loss ofbelow 97.30, targeting 97.50-98.50 and 98.90-99.90.


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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Tue Oct 08, 2013 6:18 am

October 8, 2013

Gold (spot) closed upon Monday made its intraday high of US$1328.72/ounce after setting intraday low of US$1308.30/ounce. Gold went up by 0.90% at US$1322.45/ounce.
Trading Strategy: Neutral
Sell at strength at 1328-1337 targeting 1318-1309 and 1301-1296, upside breakage of 1341 will lead to 1346-1354 and 1360. Buy on dips at 1309-1301 with strict stop loss below 12961 hourly closing targeting 1318 and 1324-1334 break below 1296 will call for 1284-1274 and 1260-1250.


Silver (spot) closed upon Monday made its intraday high of US$22.44/ounce after setting intraday low of US$21.63/ounce. Silver settled 3.08% up at US$22.36/ounce.
Trading Strategy: Neutral
Short positions at 22.35-22.95 with stop above 23.30 targeting 22.10-21.90 and 21.50-21.10 and upside breakout of 23.30 will open the way to 23.75. Buyers can buy above 22.10-21.60 targeting 22.45-22.75 and 23.30-23.75 with risk below 21.00 hourly closing.


Crude futures (Oct 2013) on Monday made an intraday high of US$103.71/bbl and made an intraday low of US$101.85/bbl and settled down by 0.280% at US$103.16/bbl on session close.
Trading Strategy: Neutral
Sell in between 103.80-104.80 with risk above 105.30 targeting 102.80-102.20 and 101.50-101.00 upside breakage of 105.30 will lead to 105.80-106.60 and 106.90-107.50. Buy in between 101.50-102.30 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 Monday made an intraday low of US$1.3541/EUR and made an intraday high of US$1.3590/EUR and settled the day up by 0.117% at US$1.3579/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying can be done above 1.3550-1.3480 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop loss with four hour closing below 1.3380. Selling the pair 1.3620-1.3700 with risk above 1.3720; targeting 1.3550-1.3490 and 1.3450-1.3380.


GBP/USD on Monday made an intraday low of US$1.6013/GBP and made an intraday high of US$1.6099/GBP and settled the day up by 0.468% at US$1.6094/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.5990-1.6040 targeting 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5910 targeting 1.5875-1.5820 and 1.5750.


USD/JPY on Monday an intraday low of JPY96.66/USD and made an intraday high of JPY97.32/USD and settled the day 0.524% down at JPY96.69/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.50-98.50, using a stop loss of 99.50, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80. Buy above 96.60-95.80, using a stop loss of below 97.30, targeting 97.50-98.50 and 98.90-99.90.


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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Wed Oct 09, 2013 4:35 am

October 9, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1329.89/ounce after setting intraday low of US$1315.52/ounce. Gold went down by 0.217% at US$1319.00/ounce.
Trading Strategy: Neutral
Sell at strength at 1328-1337 targeting 1318-1309 and 1301-1296, upside breakage of 1341 will lead to 1346-1354 and 1360. Buy on dips at 1309-1301 with strict stop loss below 12961 hourly closing targeting 1318 and 1324-1334 break below 1296 will call for 1284-1274 and 1260-1250.


Silver (spot) closed down on Tuesday made its intraday high of US$22.49/ounce after setting intraday low of US$22.12/ounce. Silver settled 0.357% down at US$22.27/ounce.
Trading Strategy: Neutral
Short positions at 22.35-22.95 with stop above 23.30 targeting 22.10-21.90 and 21.50-21.10 and upside breakout of 23.30 will open the way to 23.75. Buyers can buy above 22.10-21.60 targeting 22.45-22.75 and 23.30-23.75 with risk below 21.00 hourly closing.


Crude futures (Oct 2013) on Tuesday made an intraday high of US$104.05/bbl and made an intraday low of US$102.85/bbl and settled up by 0.368% at US$103.55/bbl on session close.
Trading Strategy: Neutral
Sell in between 103.80-104.80 with risk above 105.30 targeting 102.80-102.20 and 101.50-101.00 upside breakage of 105.30 will lead to 105.80-106.60 and 106.90-107.50. Buy in between 101.50-102.30 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 Tuesday made an intraday low of US$1.3556/EUR and made an intraday high of US$1.3606/EUR and settled the day down by 0.051% at US$1.3572/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying can be done above 1.3550 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop loss with four hour closing below 1.3480. Selling can be done below 1.3530 with risk above 1.3620 targeting 1.3490 and 1.3450-1.3380.


GBP/USD on Tuesday made an intraday low of US$1.6018/GBP and made an intraday high of US$1.6123/GBP and settled the day down by 0.080% at US$1.6081/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.5990-1.6050 targeting 1.6150-1.6250 and 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5950 targeting 1.5910-1.5875 and 1.5820-1.5750.


USD/JPY on Tuesday an intraday low of JPY95.56/USD and made an intraday high of JPY97.24/USD and settled the day 0.175% up at JPY96.86/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.50-98.50, using a stop loss of 99.50, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80. Buy above 96.60-95.80, using a stop loss of below 97.30, targeting 97.50-98.50 and 98.90-99.90.


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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Thu Oct 10, 2013 5:57 am

October 10, 2013

Gold (spot) closed down on Wednesday made its intraday high of US$1321.85/ounce after setting intraday low of US$1294.61/ounce. Gold went down by 1.058% at US$1305.28/ounce.
Trading Strategy: Neutral
Sell at strength at 1308-1316 targeting 1301-1294, upside breakage of 1321 will lead to 1330-1341 and 1354. Buy on dips at 1294-1284 with strict stop loss below 12771 hourly closing targeting 1308-1316 and 1324-1334 break below 1277 will call for 1274-1260 and 1250.


Silver (spot) closed down on Wednesday made its intraday high of US$22.39/ounce after setting intraday low of US$21.74/ounce. Silver settled1.84% down at US$21.86/ounce.
Trading Strategy: Neutral
Short positions at 22.05-22.95 with stop above 23.30 targeting 22.10-21.90 and 21.50-21.10 and upside breakout of 23.30 will open the way to 23.75. Buyers can buy above 22.10-21.50 targeting 22.45-22.75 and 23.30-23.75 with risk below 21.00 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intraday high of US$103.73/bbl and made an intraday low of US$101.19/bbl and settled down by 1.942% at US$101.45/bbl on session close.
Trading Strategy: Neutral
Sell in between 102.80-104.05 with risk above 104.40 targeting 102.80-102.20 and 101.50-101.00 upside breakage of 104.40 will lead to 1040.90-105.30 and 105.80-106.60. Buy in between 101.50-101.00 with risk below 100.90 hourly closing targeting 102.20-103.20 and 104.80-105.30. Breakage below 100.90 will call for 100.20-99.25.


EUR/USD on Wednesday made an intraday low of US$1.3485/EUR and made an intraday high of US$1.3603/EUR and settled the day down by 0.036% at US$1.3523/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done below 1.3530 with risk above 1.3620 targeting 1.3490 and 1.3450-1.3380. Buying can be done above 1.3450-1.3490 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop loss with four hour closing below 1.3380.


GBP/USD on Wednesday made an intraday low of US$1.5915/GBP and made an intraday high of US$1.6120/GBP and settled the day down by 0.802% at US$1.6081/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.5990-1.6050 targeting 1.6150-1.6250 and 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5950 targeting 1.5910-1.5875 and 1.5820-1.5750.


USD/JPY on Wednesday an intraday low of JPY96.81/USD and made an intraday high of JPY97.63/USD and settled the day 0.485% up at JPY97.33/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.80-98.50, using a stop loss of 99.50, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80. Buy above 96.90-96.00, using a stop loss of below 95.70, targeting 97.50-98.50 and 98.90-99.90.


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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Fri Oct 11, 2013 5:24 am

October 11, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1311.55/ounce after setting intraday low of US$1282.26/ounce. Gold went down by 1.467% at US$1287.10/ounce.
Trading Strategy: Neutral
Sell at strength at 1296-1314 targeting 1287-1277 and 1274-1266, upside breakage of 1314 will lead to 1321-1330 and 1341-1354. Buy on dips at 1274-1280 with strict stop loss below 12661 hourly closing targeting 1308-1316 and 1324-1334 break below 1277 will call for 1274-1260 and 1250.


Silver (spot) closed down on Thursday made its intraday high of US$22.19/ounce after setting intraday low of US$21.53/ounce. Silver settled 0.914% down at US$21.67/ounce.
Trading Strategy: Neutral
Short positions at 21.90-22.75 with stop above 23.30 targeting 22.10-21.90 and 21.50-21.10 and upside breakout of 23.30 will open the way to 23.75. Buyers can buy above 22.10-21.40 targeting 22.45-22.75 and 23.30-23.75 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intraday high of US$103.55/bbl and made an intraday low of US$101.16/bbl and settled up by 1.478% at US$102.94/bbl on session close.
Trading Strategy: Neutral
Sell in between 102.80-104.05 with risk above 104.40 targeting 102.80-102.20 and 101.50-101.00 upside breakage of 104.40 will lead to 1040.90-105.30 and 105.80-106.60. Buy in between 101.50-101.00 with risk below 100.90 hourly closing targeting 102.20-103.20 and 104.80-105.30. Breakage below 100.90 will call for 100.20-99.25.


EUR/USD on Thursday made an intraday low of US$1.3486/EUR and made an intraday high of US$1.3545/EUR and settled the day down by 0.029% at US$1.3518/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done below 1.3530 with risk above 1.3620 targeting 1.3490 and 1.3450-1.3380. Buying can be done above 1.3450-1.3490 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop loss with four hour closing below 1.3380.


GBP/USD on Thursday made an intraday low of US$1.5912/GBP and made an intraday high of US$1.5977/GBP and settled the day down by 0.094% at US$1.5966/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.5990-1.6050 targeting 1.6150-1.6250 and 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5950 targeting 1.5910-1.5875 and 1.5820-1.5750.


USD/JPY on Thursday an intraday low of JPY97.83/USD and made an intraday high of JPY97.32/USD and settled the day 0.840% up at JPY98.14/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.50-99.50, using a stop loss of 99.90, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80. Buy above 96.90-96.00, using a stop loss of below 95.70, targeting 97.50-98.50 and 98.90-99.90.


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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Mon Oct 14, 2013 8:11 am

October 14, 2013

Gold (spot) closed down on Friday made its intraday high of US$1294.26/ounce after setting intraday low of US$1261.86/ounce. Gold went down by 1.11% at US$1271.91/ounce.
Trading Strategy: Neutral
Sell at strength at 1278-1294; targeting 1266-1260 and 1250-1235, upside breakage of 1304 will lead to 1310-1314 and 1321-1330. Buy on dips at 1254-1240 with strict stop loss below 12351-hourly closing; targeting 1280-1287 and 1304-1311; break below 1235 will call for 1224-1205.


Silver (spot) closed down on Friday made its intraday high of US$22.84/ounce after setting intraday low of US$20.97/ounce. Silver settled 1.478% down at US$21.33/ounce.
Trading Strategy: Neutral
Short positions at 21.40-22.05 with stop above 22.75; targeting 20.95-20.60 and 20.10-19.80 and upside breakout of 22.75 will open the way to 23.35-23.75. Buyers can buy above 20.60-20.10 targeting 21.50-21.90 and 22.35-22.75 with risk below 19.80 hourly closing.


Crude futures (Oct 2013) on Friday made an intra‐day high of US$102.90/bbl and made an intraday low of US$100.58/bbl and settled down by 1.097% at US$101.79/bbl on session close.
Trading Strategy: Neutral
Sell in-between 102.80-104.05 with risk above 104.40; targeting 102.80-102.20 and 101.50-101.00; upside breakage of 104.40 will lead to 1040.90-105.30 and 105.80-106.60. Buy in between 101.50-101.00 with risk below 100.90 hourly closing; targeting 102.20-103.20 and 104.80-105.30. Breakage below 100.90 will call for 100.20-99.25.


EUR/USD on Friday made an intra‐day low of US$1.3517/EUR and made an intraday high of US$1.3580/EUR and settled the day up by 0.170% at US$1.3542/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done below 1.3600 with risk above 1.3650; targeting 1.3490 and 1.3450-1.3380. Buying can be done above .3450-1.3490 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop-loss with four-hour closing below 1.3380.


GBP/USD on Friday made an intra‐day low of US$1.5922/GBP and made an intraday high of US$1.600/GBP and settled the day down by 0.081% at US$1.5953/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; buying above 1.5940-1.5870.targeting 1.6050-1.6090 and 1.6150-1.6250 with stop-loss four-hour closing below 1.5870; breakage below 1.5870 targeting 1.5820-1.5750.


USD/JPY on Friday an intra‐day low of JPY97.91/USD and made an intraday high of JPY98.58/USD and settled the day 0.438% up at JPY98.57/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.50-99.50, using a stop loss of 99.90, targeting 96.80-96.30 and 95.60.Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80.Buy above 96.90-96.00, using a stop loss of below 95.70, targeting 97.50-98.50 and 98.90-99.90.

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

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