Ikon Finance Daily Forex Analysis (October)

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Tue Oct 15, 2013 4:56 am

October 15, 2013

Gold (spot) closed down on Monday made its intraday high of US$1289.99/ounce after setting intraday low of US$1268.47/ounce. Gold went down by 0.325% at US$1271.97/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 1254-1266 with strict stop loss below 12401 hourly closing targeting 1280-1287 and 1304-1311 break below 1240 will call for 1235-1224.


Silver
(spot) closed down on Monday made its intraday high of US$21.66/ounce after setting intraday low of US$21.09/ounce. Silver settled 0.421% down at US$21.25/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 Monday made an intraday high of US$102.58/bbl and made an intraday low of US$101.05/bbl and settled down by 0.779% at US$102.13/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 Monday made an intraday 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$1.3560/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, 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 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 Monday made an intraday low of US$1.5953/GBP and made an intraday high of US$1.6017/GBP and settled the day down by 0.075% at US$1.5980/GBP on session close.

Trading Strategy: Neutral

Based on the charts and explanations above 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 Monday an intraday 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 the charts and explanations above, 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
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Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Mon Oct 21, 2013 7:19 am

October 21, 2013

Gold (spot) closed down Friday made its intraday high of US$1326.98/ounce after setting intraday low of US$1311.55/ounce. Gold went down by 0.237% at US$1316/ounce.
Trading Strategy: Neutral
Sell at strength at 1324-1330 targeting 1307-1301 and 1289-1274, upside breakage of 1330 will lead to 1342-1354. Buy on dips at 1289-1301 with strict stop loss below 12741 hourly closing targeting 1324-1330 and 1342-1354 break below 1274 will call for 1266-1250.


Silver (spot) closed up on Friday made its intraday high of US$22.03/ounce after setting intraday low of US$21.73/ounce. Silver settled 0.137% up at US$21.90/ounce.
Trading Strategy: Neutral
Short positions at 22.30-22.75 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 21.20-21.45 targeting 22.35-22.75 and 23.40 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Friday made an intraday high of US$101.68/bbl and made an intraday low of US$100.51/bbl and settled up by 0.089% at US$100.83/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 intraday low of US$1.3658/EUR and made an intraday high of US$1.3703/EUR and settled the day up by 0.084% at US$1.3685/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done below 1.3710 targeting 1.3590-1.3550 and 1.3490-1.3450. Buying can be done above 1.3570-1.3630 targeting 1.3715-1.3835 with stop loss with four hour closing below 1.3550.


GBP/USD on Friday made an intraday low of US$1.6140/GBP and made an intraday high of US$1.6224/GBP and settled the day up by 0.012% at US$1.6165/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6065-1.5940 targeting 1.6100-1.6150 and 1.6250 with stop loss four hour closing below 1.5900 breakage below 1.5900 targeting 1.5820-1.5750.


USD/JPY on Friday an intraday low of JPY97.55/USD and made an intraday high of JPY98.14/USD and settled the day 0.153% down at JPY97.74/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
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Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Tue Oct 22, 2013 5:14 am

October 22, 2013

Gold (spot) closed down Monday made its intraday high of US$1323.99/ounce after setting intraday low of US$1312.61/ounce. Gold went down by 0.038% at US$1315.51/ounce.
Trading Strategy: Neutral
Sell at strength at 1324-1330 targeting 1307-1301 and 1289-1274, upside breakage of 1330 will lead to 1342-1354. Buy on dips at 1289-1301 with strict stop loss below 12741 hourly closing targeting 1324-1330 and 1342-1354 break below 1274 will call for 1266-1250.


Silver (spot) closed up on Monday made its intraday high of US$22.32/ounce after setting intraday low of US$21.73/ounce. Silver settled 1.554% up at US$22.21/ounce.
Trading Strategy: Neutral
Short positions at 22.30-22.75 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 21.20-21.45 targeting 22.35-22.75 and 23.40 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Monday made an intraday high of US$100.93/bbl and made an intraday low of US$98.97/bbl and settled up by -1.629% at US$98.99/bbl on session close.
Trading Strategy: Neutral
Sell in between 99.60-100.90 with risk above 102.20 targeting 98.70-98.20 and 97.40-96.50 upside breakage of 102.20 will lead to 102.80-103.20 and 103.8-104.40. Buy in between 98.20-97.40 with risk below 96.00 hourly closing targeting 99.60-100.90 and 101.80-102.20. Breakage below 100.90 will call for 100.20-99.25.


EUR/USD on Monday made an intraday low of US$1.3650/EUR and made an intraday high of US$1.3687/EUR and settled the day down by 0.021% at US$1.3682/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done below 1.3710 targeting 1.3590-1.3550 and 1.3490-1.3450. Buying can be done above 1.3570-1.3630 targeting 1.3715-1.3835 with stop loss with four hour closing below 1.3550.


GBP/USD on Monday made an intraday low of US$1.6145/GBP and made an intraday high of US$1.6179/GBP and settled the day down by 0.148% at US$1.6145/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6065-1.5940 targeting 1.6100-1.6150 and 1.6250 with stop loss four hour closing below 1.5900 breakage below 1.5900 targeting 1.5820-1.5750.


USD/JPY on Monday an intraday low of JPY97.76/USD and made an intraday high of JPY98.23/USD and settled the day 0.347% up at JPY97.76/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 » Wed Oct 23, 2013 5:05 am

October 23, 2013

Gold (spot) closed up on Tuesday and made its intraday high of US$1344.70/ounce after setting intraday low of US$1310.17/ounce. Gold went up by 1.869% at US$1333.91/ounce.
Trading Strategy: Neutral
Sell at strength at 1338-1347 targeting 1330-1324 and 1316-1309, upside breakage of 1347 will lead to 1354-1364. Buy on dips at 1330-1321 with strict stop loss below 13091 hourly closing targeting 1324-1330 and 1342-1354 break below 1309 will call for 1301-1290.


Silver (spot) closed up on Tuesday made its intraday high of US$22.81/ounce after setting intraday low of US$21.96/ounce. Silver settled 2.20% up at US$22.69/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.30-21.95 targeting 22.75-23.40 and 23.90 with risk below 21.60 hourly closing. Short positions at 22.75-23.40 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20.


Crude futures (Oct 2013) on Tuesday made an intraday high of US$100.28/bbl and made an intraday low of US$98.10/bbl and settled up by 1.355% at US$98.10/bbl on session close.
Trading Strategy: Neutral
Buy in between 97.90-97.10 with risk below 97.10 hourly closing targeting 98.70-99.60 and 100-100.90. Breakage below 97.10 will call for 96.50-94.95. Sell in-between 98.60-99.60 with risk above 101.10 targeting 97.40-96.50 and 95.00 upside breakage of 101.10 will lead to 101.90-102.80.


EUR/USD on Tuesday made an intraday low of US$1.3661/EUR and made an intraday high of US$1.3791/EUR and settled the day up by 0.738% at US$1.3780/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done below 1.3800 targeting 1.3710-1.3660 and 1.3590-1.3550. Buying above 1.3765-1.3710 targeting 1.3800-1.3835 then 1.3910 and stop loss at four hour closing below 1.3660.


GBP/USD on Tuesday made an intraday low of US$1.6233/GBP and made an intraday high of US$1.6246/GBP and settled the day up by 0.545% at US$1.6233/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6065-1.5940 targeting 1.6100-1.6150 and 1.6250 with stop loss four hour closing below 1.5900 breakage below 1.5900 targeting 1.5820-1.5750.


USD/JPY on Tuesday an intraday low of JPY97.86/USD and made an intraday high of JPY98.47/USD and settled the day 0.050% up at JPY98.12/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.50-98.50, 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 » Thu Oct 24, 2013 4:20 am

October 24, 2013

Gold (spot) closed down on Wednesday and made its intraday high of US$1342.14/ounce after setting intraday low of US$1328.79/ounce. Gold went down by 0.471% at US$1333.37/ounce.
Trading Strategy: Neutral
Sell at strength at 1338-1347 targeting 1330-1324 and 1316-1309, upside breakage of 1347 will lead to 1354-1364. Buy on dips at 1330-1321 with strict stop loss below 13091 hourly closing targeting 1324-1330 and 1342-1354 break below 1309 will call for 1301-1290.


Silver (spot) closed down on Wednesday made its intraday high of US$22.81/ounce after setting intraday low of US$22.49/ounce. Silver settled 0.617% down at US$22.53/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.30-21.95 targeting 22.75-23.40 and 23.90 with risk below 21.60 hourly closing. Short positions at 22.75-23.40 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20.


Crude futures (Oct 2013) on Wednesday made an intraday high of US$98.26/bbl and made an intraday low of US$96.15/bbl and settled down by 1.03% at US$97.08/bbl on session close.
Trading Strategy: Neutral
Buy in between 97.10-95.95 with risk below 94.95 hourly closing targeting 98.20-98.70 and 99.60-100.20. Breakage below 95.95 will call for 94.95-94.10. Sell in-between 98.20-99.60 with risk above 101.20 targeting 97.40-96.50 and 95.00 upside breakage of 101.20 will lead to 101.90-102.80.


EUR/USD on Wednesday made an intraday low of US$1.3740/EUR and made an intraday high of US$1.3792/EUR and settled the day down by 0.043% at US$1.3774/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.3765-1.3710 targeting 1.3800-1.3835 then 1.3910 and stop loss at four hour closing below 1.3660.


GBP/USD on Wednesday made an intraday low of US$1.6187/GBP and made an intraday high of US$1.6255/GBP and settled the day down by 0.437% at US$1.6162/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6065-1.5940 targeting 1.6100-1.6150 and 1.6250 with stop loss four hour closing below 1.5900 breakage below 1.5900 targeting 1.5820-1.5750. Selling can be done between 1.6250-1.6305 with risk above 1.6350 targeting 1.6100-1.6065 and 1.5950.


USD/JPY on Wednesday an intraday low of JPY97.15/USD and made an intraday high of JPY98.18/USD and settled the day 0.774% down at JPY97.36/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.90-98.50, 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 » Fri Oct 25, 2013 5:30 am

October 25, 2013

Gold (spot) closed up on Thursday and made its intraday high of US$1351.96/ounce after setting intraday low of US$1330.43/ounce. Gold went up by 1.028% at US$1346.29/ounce.
Trading Strategy: Neutral
Sell at strength at 1345-1354 targeting 1330-1324 and 1316-1309, upside breakage of 1354 will lead to 1360-1364 and 1374. Buy on dips at 1332-1322 with strict stop loss below 13091 hourly closing targeting 1342-1354 break below 1309 will call for 1301-1290.


Silver (spot) closed upon Thursday made its intraday high of US$22.85/ounce after setting intraday low of US$22.50/ounce. Silver settled 0.799% up at US$22.69/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.30-21.95 targeting 22.75-23.40 and 23.90 with risk below 21.60 hourly closing. Short positions at 22.75-23.40 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20.


Crude futures (Oct 2013) on Thursday made an intraday high of US$97.67/bbl and made an intraday low of US$95.94/bbl and settled down by 0.113% at US$97.20/bbl on session close.
Trading Strategy: Neutral
Buy in between 97.10-95.95 with risk below 94.95 hourly closing targeting 98.20-98.70 and 99.60-100.20. Breakage below 95.95 will call for 94.95-94.10. Sell in-between 98.20-99.60 with risk above 101.20 targeting 97.40-96.50 and 95.00 upside breakage of 101.20 will lead to 101.90-102.80.


EUR/USD on Thursday made an intraday low of US$1.3763/EUR and made an intraday high of US$1.3824/EUR and settled the day up by 0.1887% at US$1.3800/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying above 1.3765-1.3710 targeting 1.3800-1.3835 then 1.3910 and stop loss at four hour closing below 1.3660.


GBP/USD on Thursday made an intraday low of US$1.6136/GBP and made an intraday high of US$1.6221/GBP and settled the day up by 0.235% at US$1.6200/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above buying above 1.6150-1.6090 targeting 1.6250-1.6305 with stop loss four hour closing below 1.6000 breakage below 1.6000 targeting 1.5900-1.5820. Selling can be done between 1.6250-1.6305 with risk above 1.6350 targeting 1.6100-1.6065 and 1.5950.


USD/JPY onThursday an intraday low of JPY97.16/USD and made an intraday high of JPY97.60/USD and settled the day 0.082% down at JPY97.27/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 97.75-98.50, 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 28, 2013 3:55 am

October 28, 2013

Gold (spot) closed up on Friday and made its intraday high of US$1355.58/ounce after setting intraday low of US$1336.59/ounce. Gold went up by 0.333% at US$1350.48/ounce.
Trading Strategy: Neutral
Sell on strength at 1354-1358 targeting 1330-1324 and 1316-1309, upside breakage of 1358 will lead to 1364-1374. Buy on dips at 1336-1324 with strict stop loss below 13091 hourly closing targeting 1342-1354 break below 1309 will call for 1301-1290.


Silver (spot) closed down on Friday made its intraday high of US$22.74/ounce after setting intraday low of US$22.23/ounce. Silver settled 0.792% down at US$22.52/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.30-21.95 targeting 22.75-23.40 and 23.90 with risk below 21.60 hourly closing. Short positions at 22.75-23.40 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20.


Crude futures (Oct 2013) on Friday made an intraday high of US$98.04/bbl and made an intraday low of US$96.98/bbl and settled up by 0.699% at US$97.85/bbl on session close.
Trading Strategy: Neutral
Buy in between 97.10-95.95 with risk below 94.95 hourly closing targeting 98.20-98.70 and 99.60-100.20. Breakage below 95.95 will call for 94.95-94.10. Sell in between 98.20-99.60 with risk above 101.20 targeting 97.40-96.50 and 95.00 upside breakage of 101.20 will lead to 101.90-102.80.


EUR/USD on Friday made an intraday low of US$1.3773/EUR and made an intraday high of US$1.3831/EUR and settled the day up by 0.021% at US$1.3802/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.3750-1.3710 targeting 1.3800-1.3835 then 1.3910 and stop loss at four hour closing below 1.3660.


GBP/USD on Friday made an intraday low of US$1.6149/GBP and made an intraday high of US$1.6246/GBP and settled the day down by 0.222% at US$1.6164/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6150-1.6090 targeting 1.6250-1.6305 with stop loss four hour closing below 1.6000 breakage below 1.6000 targeting 1.5900-1.5820. Selling can be done between 1.6250-1.6305 with risk above 1.6350 targeting 1.6100-1.6065 and 1.5950.


USD/JPY on Friday an intraday low of JPY96.93/USD and made an intraday high of JPY97.48/USD and settled the day 0.143% up at JPY97.40/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.75-98.50, 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 » Tue Oct 29, 2013 5:13 am

October 29, 2013

Gold (spot) closed up on Monday and made its intraday high of US$1361.75/ounce after setting intraday low of US$1346.08/ounce. Gold went up by 0.053% at US$1352.31/ounce.
Trading Strategy: Neutral
Sell below at 1364; targeting 1342-1338 and 1330-1321, upside breakage of 1364 will lead to 1374-1380. Buy on dips at 1336-1342 with strict stop loss below 13201-hourly closing; targeting 1342-1354 and 1364-1374; break below 1320 will call for 1309-1301.


Silver (spot) closed down on Monday made its intraday high of US$22.70/ounce after setting intraday low of US$22.35/ounce. Silver settled 0.530% down at US$22.49/ounce.
Trading Strategy: Neutral
Sell on Strength at 22.75-23.40 with stop above 23.40; targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 22.30-21.95 targeting 22.75-23.40 and 23.90 with risk below 21.60 hourly closing.


Crude futures (Oct 2013) on Monday made an intra‐day high of US$98.80/bbl and made an intraday low of US$97.35/bbl and settled up by 0.808% at US$98.52/bbl on session close.
Trading Strategy: Neutral
Buy in between 97.10-95.95 with risk below 94.95 hourly closing; targeting 98.20-98.70 and 99.60-100.20. Breakage below 95.95 will call for 94.95-94.10. Sell in-between 98.20-99.60 with risk above 101.20; targeting 97.40-96.50 and 95.00; upside breakage of 101.20 will lead to 101.90-102.80.


EUR/USD on Monday made an intra‐day low of US$1.3774/EUR and made an intraday high of US$1.3816/EUR and settled the day down by 0.159% at US$1.3785/EUR on session close.
Trading Strategy: Neutral
Based on today’s market,buying above 1.3750-1.3710 targeting 1.3800-1.3835 then 1.3910 and stop-loss at four-hour closing below 1.3660.


GBP/USD on Monday made an intra‐day low of US$1.6123/GBP and made an intraday high of US$1.6207/GBP and settled the day down by 0.204% at US$1.6136/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; buying above 1.6090-1.6050 targeting 1.6250-1.6305 with stop-loss four-hour closing below 1.6000; breakage below 1.6000 targeting 1.5900-1.5820. Selling can be done between 1.6160-1.6250 with risk above 1.6305; targeting 1.6100-1.6055 and 1.5950


USD/JPY on Monday an intra‐day low of JPY97.43/USD and made an intraday high of JPY97.78/USD and settled the day 0.051% up at JPY97.69/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.75-98.50, 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 » Wed Oct 30, 2013 4:30 am

October 30, 2013

Gold (spot) closed down on Tuesday and made its intraday high of US$1360.26/ounce after setting intraday low of US$1339.82/ounce. Gold went down by 0.591% at US$1344.82/ounce.
Trading Strategy: Neutral
Sell below at 1364 targeting 1342-1338 and 1330-1321, upside breakage of 1364 will lead to 1374-1380. Buy on dips at 1336-1342 with strict stop loss below 13201-hourly closing targeting 1342-1354 and 1364-1374 break below 1320 will call for 1309-1301.


Silver (spot) closed uponTuesday made its intraday high of US$22.60/ounce after setting intraday low of US$22.29/ounce. Silver settled 0.044% up at US$22.51/ounce.
Trading Strategy: Neutral
Sell on Strength at 22.75-23.40 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 22.30-21.95 targeting 22.75-23.40 and 23.90 with risk below 21.60 hourly closing.


Crude futures (Oct 2013) on Tuesday made an intraday high of US$98.53/bbl and made an intraday low of US$97.67/bbl and settled down by 0.842% at US$97.68/bbl on session close.
Trading Strategy: Neutral
Buy in between 97.10-95.95 with risk below 94.95 hourly closing targeting 98.20-98.70 and 99.60-100.20. Breakage below 95.95 will call for 94.95-94.10. Sell in-between 98.20-99.60 with risk above 101.20 targeting 97.40-96.50 and 95.00 upside breakage of 101.20 will lead to 101.90-102.80.


EUR/USD on Tuesday made an intraday low of US$1.3735/EUR and made an intraday high of US$1.3812/EUR and settled the day down by 0.290% at US$1.3745/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.3750-1.3700 targeting 1.3800-1.3835 then 1.3910 and stop loss at four hour closing below 1.3660.


GBP/USD on Tuesday made an intraday low of US$1.6021/GBP and made an intraday high of US$1.6143/GBP and settled the day down by 0.576% at US$1.6044/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6000 targeting 1.6250-1.6305 with stop loss four hour closing below 1.6000 breakage below 1.6000 targeting 1.5900-1.5820. Selling can be done between 1.6160-1.6250 with risk above 1.6305 targeting 1.6100-1.6055 and 1.5950.


USD/JPY on Tuesday an intraday low of JPY97.44/USD and made an intraday high of JPY98.27/USD and settled the day 0.513% up at JPY98.19/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.30-98.90, 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

Re: Ikon Finance Daily Forex Analysis (October)

Postby Ajawed » Thu Oct 31, 2013 5:10 am

October 31, 2013

Gold (spot) closed up on Wednesday and made its intraday high of US$1359.38/ounce after setting intraday low of US$1334.29/ounce. Gold went up by 0.078% at US$1344.40/ounce.
Trading Strategy: Neutral
Sell on strength 1350-1361 targeting 1334-1330 and 1324-1318, upside breakage of 1364 will lead to 1374-1380. Buy on dips at 1321-1330 with strict stop loss below 13181 hourly closing targeting 1342-1354 and 1364-1374 break below 1320 will call for 1309-1301.


Silver (spot) closed upon Wednesday made its intraday high of US$23.07/ounce after setting intraday low of US$22.37/ounce. Silver settled 1.156% up at US$22.75/ounce.
Trading Strategy: Neutral
Sell on Strength at 22.75-23.40 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 22.30-21.95 targeting 22.75-23.40 and 23.90 with risk below 21.60 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intraday high of US$97.80/bbl and made an intraday low of US$96.55/bbl and settled down by 1.15% at US$96.58/bbl on session close.
Trading Strategy: Neutral
Buy in between 96.50-95.95 with risk below 94.95 hourly closing targeting 98.20-98.70 and 99.60-100.20. Breakage below 95.95 will call for 94.95-94.10. Sell in-between97.40-98.70 with risk above 98.70 targeting 96.50-95.80 and 94.95 upside breakage of 98.70 will lead to 100.80-101.90 and102.80.


EUR/USD on Wednesday made an intraday low of US$1.3694/EUR and made an intraday high of US$1.3784/EUR and settled the day down by 0.065% at US$1.3736/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.3700 targeting 1.3800-1.3835 then 1.3910 and stop loss at four hour closing below 1.3650.


GBP/USD on Wednesday made an intraday low of US$1.5997/GBP and made an intraday high of US$1.6077/GBP and settled the day down by 0.063% at US$1.6034/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6000 targeting 1.6250-1.6305 with stop loss four hour closing below 1.6000 breakage below 1.6000 targeting 1.5900-1.5820. Selling can be done between 1.6160-1.6250 with risk above 1.6305 targeting 1.6100-1.6055 and 1.5950.


USD/JPY on Wednesday an intraday low of JPY98.04/USD and made an intraday high of JPY98.66/USD and settled the day 0.244% up at JPY98.43/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.30-98.90, 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

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