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Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Mon Nov 18, 2013 6:40 am
by Ajawed
November 18, 2013

Gold (spot) closed up on Friday and made its intraday high of US$1291.09/ounce after setting intraday low of US$1280.40/ounce. Gold went up by 0.232% at US$1289.93/ounce.
Trading Strategy: Neutral
Sell on strength 1289-1296 targeting 1260-1250 and 1236, upside breakage of 1296 will lead to 1307-1313 and 1321-1328. Buy on dips at 1266-1278 with strict stop loss below 12601-hourly closing targeting 1296-1307 and 1313-1328 break below 1260 will call for 1250-1236.


Silver (spot) closed upon Friday made its intraday high of US$20.84/ounce after setting intraday low of US$20.55/ounce. Silver settled 0.096% up at US$20.79/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.95-21.50 with stop above 22.05 targeting 21.20-20.95 and 20.80-20.60 upside breakout of 22.05 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 20.40-20.05 targeting 20.95-21.45 and 21.95-22.35 with risk below 19.70 hourly closing.


Crude futures (Oct 2013) on Friday made an intraday high of US$94.53/bbl and made an intraday low of US$93.57/bbl and settled down by 0.202% at US$93.68/bbl on session close.
Trading Strategy: Neutral
Sell in-between 94.90-95.40 with risk above 96.05 targeting 94.10-93.60 and 92.90-92.40 upside breakage of 96.05 will lead to 96.80-97.60 and 98.80. Buy in between 93.00-93.60 with risk below 92.40 hourly closing targeting 94.80-95.80 and 96.90-97.70.


EUR/USD on Friday made an intraday low of US$1.3431/EUR and made an intraday high of US$1.3504/EUR and settled the day up by 0.274% at US$1.3495/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3490-1.3560 targeting 1.3380-1.3290 and 1.3210 and stop-loss at four-hour closing above 1.3560. Buying can be done 1.3380-1.3420 targeting 1.3460 and 1.3560.


GBP/USD on Friday made an intraday low of US$1.6047/GBP and made an intraday high of US$1.6134/GBP and settled the day up by 0.329% at US$1.6116/GBP on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, selling can be done between 1.6120-1.6170 with risk above 1.6205 targeting 1.6080-1.5980 and 1.5880-1.5750.


USD/JPY on Friday an intraday low of JPY99.39/USD and made an intraday high of JPY100.42/USD and settled the day 0.17% up at JPY100.17/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy above 99.90-98.80, using a stop loss of below 97.90, targeting 100.60-101.50. Sell below 101.50, using a stop loss of 101.50, targeting 99.50-98.90 and 97.90-96.80.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Tue Nov 19, 2013 4:55 am
by Ajawed
November 19, 2013

Gold (spot) closed down on Monday and made its intraday high of US$1289.21/ounce after setting intraday low of US$1269.91/ounce. Gold went down by 1.11% at US$1274.84/ounce.
Trading Strategy: Neutral
Sell on strength 1278-1296 targeting 1264-1251 and 1236, upside breakage of 1296 will lead to 1307-1313 and 1321-1328. Buy on dips at 1256-1264 with strict stop loss below 12511-hourly closing targeting 1278-1289 and 1296-1307 break below 1251 will call for 1236-1230.


Silver (spot) closed down on Monday made its intraday high of US$20.79/ounce after setting intraday low of US$20.29/ounce. Silver settled1.734% down at US$20.40/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.75-21.50 with stop above 21.55 targeting 20.20-19.70 and 19.20 upside breakout of 21.55 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 19.70-20.05 targeting 20.75-20.95 and 21.55-21.95 with risk below 19.70 hourly closing.


Crude futures (Oct 2013) on Monday made an intraday high of US$94.28/bbl and made an intraday low of US$92.71/bbl and settled down by 0.831% at US$92.99/bbl on session close.
Trading Strategy: Neutral
Sell in-between 93.10-94.50 with risk above 95.30 targeting 92.50-91.90 and 90.70 upside breakage of 95.30 will lead to 96.05-96.80 and 97.60-98.80. Buy in between 93.00-92.40 with risk below 92.40 hourly closing targeting 93.60-94.80 and 95.40-95.80.


EUR/USD on Monday made an intraday low of US$1.3473/EUR and made an intraday high of US$1.3540/EUR and settled the day up by 0.066% at US$1.3504/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3420-1.3460 with risk below 1.3380, targeting 1.3560-1.3650. Sell on strength 1.3540-1.3620 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660.


GBP/USD on Monday made an intraday low of US$1.6080/GBP and made an intraday high of US$1.6147/GBP and settled the day down by 0.068% at US$1.6108/GBP on session close..
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, selling can be done between 1.6120-1.6170 with risk above 1.6205 targeting 1.6080-1.5980 and 1.5880-1.5750.


USD/JPY on Monday an intraday low of JPY99.78/USD and made an intraday high of JPY100.38/USD and settled the day 0.276% down at JPY99.97/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell-in-between 100.20-101.50, using a stop loss of 101.50, targeting 99.50-98.90 and 97.90-96.80. Buy above 99.20-98.10, using a stop loss of below 98.10, targeting 100.20 and 100.60-101.50.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Wed Nov 20, 2013 5:59 am
by Ajawed
November 20, 2013

Gold (spot) closed up on Tuesday and made its intraday high of US$1278.91/ounce after setting intraday low of US$1268.88/ounce. Gold went down by 0.0007% at US$1275.67/ounce.
Trading Strategy: Neutral
Sell on strength 1278-1296 targeting 1264-1251 and 1236, upside breakage of 1296 will lead to 1307-1313 and 1321-1328. Buy on dips at 1256-1264 with strict stop loss below 12511-hourly closing targeting 1278-1289 and 1296-1307 break below 1251 will call for 1236-1230.


Silver (spot) closed down on Tuesday made its intraday high of US$20.48/ounce after setting intraday low of US$20.20/ounce. Silver settled 1.196% down at US$20.35/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.75-21.50 with stop above 21.55 targeting 20.20-19.70 and 19.20 upside breakout of 21.55 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 19.70-20.05 targeting 20.75-20.95 and 21.55-21.95 with risk below 19.70 hourly closing.


Crude futures (Oct 2013) on Tuesday made an intraday high of US$93.44/bbl and made an intraday low of US$92.71/bbl and settled down by 0.831% at US$92.99/bbl on session close.
Trading Strategy: Neutral
Sell in between 93.90-94.80 with risk above 95.30 targeting 92.50-91.90 and 90.70 upside breakage of 95.30 will lead to 96.05-96.80 and 97.60-98.80. Buy in between 93.00-92.40 with risk below 92.40 hourly closing targeting 93.60-94.80 and 95.40-95.80.


EUR/USD on Tuesday made an intraday low of US$1.3486/EUR and made an intraday high of US$1.3546/EUR and settled the day up by 0.244% at US$1.3537/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3420-1.3490 with risk below 1.3380, targeting 1.3560-1.3650. Sell on strength 1.3540-1.3620 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660.


GBP/USD on Tuesday made an intraday low of US$1.6058/GBP and made an intraday high of US$1.6131/GBP and settled the day up by 0.055% at US$1.6117/GBP on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, selling can be done between 1.6120-1.6170 with risk above 1.6205 targeting 1.6080-1.5980 and 1.5880-1.5750.


USD/JPY on Tuesday an intraday low of JPY99.56/USD and made an intraday high of JPY100.24/USD and settled the day 0.150% down at JPY100.12/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell-in-between 100.20-101.50, using a stop loss of 101.50, targeting 99.50-98.90 and 97.90-96.80. Buy above 99.20-98.10, using a stop loss of below 98.10, targeting 100.20 and 100.60-101.50.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Thu Nov 21, 2013 5:12 am
by Ajawed
November 21, 2013

Gold (spot) closed down on Wednesday and made its intraday high of US$1276.16/ounce after setting intraday low of US$1240.95/ounce. Gold went down by 2.482% at US$1244.16/ounce.
Trading Strategy: Neutral
Sell on strength 1261-1278; targeting 1240-1234, upside breakage of 1296 will lead to 1307-1313 and 1321-1328. Buy on dips at 1221-1232 with strict stop loss below 1218 1-hourly closing; targeting 1251-1265 and 1278-1289 break below 1218 will call for 1208-1190.


Silver (spot) closed down on Wednesday made its intraday high of US$20.49/ounce after setting intraday low of US$19.77/ounce. Silver settled 2.359% down at US$19.86/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.45-21.05 with stop above 21.55; targeting 19.70-19.20 and 18.70; upside breakout of 21.55 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 19.10-19.550 targeting 20.45-20.75 and 20.95-21.55 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intra-day high of US$94.46/bbl and made an intraday low of US$93.24/bbl and settled down by 0.181% at US$93.71/bbl on session close.
Trading Strategy: Neutral
Sell in-between 93.90-94.80 with risk above 95.30; targeting 92.50-91.90 and 90.70; upside breakage of 95.30 will lead to 96.05-96.80 and 97.60-98.80. Buy in between 93.00-92.40 with risk below 92.40 hourly closing; targeting 93.60-94.80 and 95.40-95.80.


EUR/USD on Wednesday made an intra-day low of US$1.3414/EUR and made an intraday high of US$1.3578/EUR and settled the day down by 0.738% at US$1.3437/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3460-1.3560 targeting 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660. Buy on dips in between 1.3380-1.3310 with risk below 1.3260, targeting 1.3420-1.3480 and 1.3560-1.3620.


GBP/USD on Wednesday made an intra-day low of US$1.6086/GBP and made an intraday high of US$1.6176/GBP and settled the day up by 0.093% at US$1.6103/GBP on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market; selling can be done between 1.6120-1.6170 with risk above 1.6205; targeting 1.6080-1.5980 and 1.5880-1.5750.


USD/JPY on Wednesday an intra-day low of JPY99.78/USD and made an intraday high of JPY 100.22/USD and settled the day 0.109% down at JPY 100.02/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy above 99.90-99.20, using a stop loss of below 98.90, targeting 100.20 and 100.60-101.50. Sell-in-between 100.80-101.50, using a stop loss of 101.50, targeting 99.50-98.90 and 97.90-96.80.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Fri Nov 22, 2013 4:29 am
by Ajawed
November 22, 2013

Gold (spot) closed down on Thursday and made its intraday high of US$1250.38/ounce after setting intraday low of US$1236.72/ounce. Gold went down by 0.010% at US$1242.84/ounce.
Trading Strategy: Neutral
Sell on strength 1265-1278; targeting 1240-1234, upside breakage of 1296 will lead to 1307-1313 and 1321-1328. Buy on dips at 1232-1244 with strict stop loss below 1232 1-hourly closing; targeting 1251-1265 and 1278-1289 break below 1232 will call for 1218-1208 and 1190-1180.


Silver (spot) closed down on Thursday made its intraday high of US$20.04/ounce after setting intraday low of US$19.72/ounce. Silver settled 0.453% up at US$19.94/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.45-21.05 with stop above 21.55; targeting 19.70-19.20 and 18.70; upside breakout of 21.55 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 19.10-19.70 targeting 20.45-20.75 and 20.95-21.55 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Thursday made an intra-day high of US$95.58/bbl and made an intraday low of US$93.45/bbl and settled up by 1.611% at US$95.21/bbl on session close.
Trading Strategy: Neutral
Sell in-between 95.90-97.00 with risk above 97.05; targeting 94.80-94.20 and 93.50-92.40; upside breakage of 97.05 will lead to 97.60-98.80. Buy in between 94.40-93.00 with risk below 92.40 hourly closing targeting 93.60-94.80 and 95.40-95.80.


EUR/USD on Wednesday made an intra-day low of US$1.3414/EUR and made an intraday high of US$1.3578/EUR and settled the day down by 0.738% at US$1.3437/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3460-1.3560 targeting 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660. Buy on dips in between 1.3380-1.3310 with risk below 1.3260, targeting 1.3420-1.3480 and 1.3560-1.3620.


GBP/USD on Wednesday made an intra-day low of US$1.6086/GBP and made an intraday high of US$1.6176/GBP and settled the day up by 0.093% at US$1.6103/GBP on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market; selling can be done between 1.6120-1.6170 with risk above 1.6205 targeting 1.6080-1.5980 and 1.5880-1.5750.


USD/JPY on Wednesday an intra-day low of JPY99.78/USD and made an intraday high of JPY 100.22/USD and settled the day 0.109% down at JPY 100.02/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy above 99.90-99.20, using a stop loss of below 98.90, targeting 100.20 and 100.60-101.50. Sell-in-between 100.80-101.50, using a stop loss of 101.50, targeting 99.50-98.90 and 97.90-96.80.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Mon Nov 25, 2013 4:09 am
by Ajawed
November 25, 2013

Gold (spot) closed up on Friday and made its intraday high of US$1248.92/ounce after setting intraday low of US$1240.81/ounce. Gold went up by 0.044% at US$1243.40/ounce.
Trading Strategy: Neutral
Sell on strength 1251-1265; targeting 1240-1234, upside breakage of 1278 will lead to 1296-1307 and 1313. Buy on dips at 1218-1208 with strict stop loss below 11901-hourly closing; targeting 1251-1265 and 1278-1289 break below 1190 will call for 1180-1150


Silver (spot) closed down on Friday made its intraday high of US$20.06/ounce after setting intraday low of US$19.81/ounce. Silver settled 0.70% down at US$19.86/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.45-21.05 with stop above 21.55; targeting 19.70-19.20 and 18.70; upside breakout of 21.55 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 19.10-19.70 targeting 20.45-20.75 and 20.95-21.55 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Friday made an intra-day high of US$95.55/bbl and made an intraday low of US$94.04/bbl and settled down by 0.493% at US$94.81/bbl on session close.
Trading Strategy: Neutral
Sell in-between 94.90-95.90 with risk above 96.05; targeting 94.80-94.20 and 93.50-92.40; upside breakage of 96.05 will lead to 97.05-97.60 and 98.80. Buy in between 93.00-92.40 with risk below 92.40 hourly closing; targeting 93.60-94.80 and 95.40- 95.80.


EUR/USD on Friday made an intra-day low of US$1.3461/EUR and made an intraday high of US$1.3557/EUR and settled the day up by 0.571% at US$1.3557/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3580-1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660. Buy on dips in between 1.3460-1.3380 with risk below 1.3290, targeting 1.3580-1.3620 and 1.3660-1.3740.


GBP/USD on Friday made an intra-day low of US$1.6170/GBP and made an intraday high of US$1.6225/GBP and settled the day up by 0.174% at US$1.6225/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6260, targeting 1.6160-1.6060; breakage above 1.6260 may target 1.6300-1.6380. Buying can be done between 1.6120-1.6170 with risk below 1.6080; targeting 1.6260-1.6310 and 1.6405.


USD/JPY on Friday an intra-day low of JPY100.94/USD and made an intraday high of JPY 101.34/UD and settled the day 0.108% up at JPY 100.25/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 101.50-100.80, using a stop loss of below 100.80, targeting 102.40-103.30.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Tue Nov 26, 2013 4:47 am
by Ajawed
November 26, 2013

Gold (spot) closed up on Monday and made its intraday high of US$1253.39/ounce after setting intraday low of US$1227.70/ounce. Gold went up by 0.749% at US$1251.09/ounce.
Trading Strategy: Neutral
Sell on strength 1254-1268; targeting 1240-1234, upside breakage of 1278 will lead to 1296-1307 and 1313. Buy on dips at 1227-1234 with strict stop loss below 12181-hourly closing; targeting 1251-1265 and 1278-1289 break below 1218 will call for 1208-1190.


Silver (spot) closed down on Monday made its intraday high of US$20.30/ounce after setting intraday low of US$19.57/ounce. Silver settled 1.91% up at US$20.21/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.45-21.05 with stop above 21.55; targeting 19.70-19.20 and 18.70; upside breakout of 21.55 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 19.10-19.70 targeting 20.45-20.75 and 20.95-21.55 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Monday made an intra-day high of US$95.49/bbl and made an intraday low of US$93.09/bbl and settled up by 0.17% at US$94.17/bbl on session close..
Trading Strategy: Neutral
Sell in-between 94.76-95.90 with risk above 96.05; targeting 94.80-94.20 and 93.50-92.40; upside breakage of 96.05 will lead to 97.05-97.60 and 98.80. Buy in between 93.00-92.40 with risk below 92.40 hourly closing; targeting 93.60-94.80 and 95.40- 95.80.


EUR/USD on Monday made an intra-day low of US$1.3489/EUR and made an intraday high of US$1.3559/EUR and settled the day down by 0.236% at US$1.3515/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3560-1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660. Buy on dips in between 1.3460-1.3380 with risk below 1.3290, targeting 1.3580-1.3620 and 1.3660-1.3740.


GBP/USD on Monday made an intra-day low of US$1.6132/GBP and made an intraday high of US$1.6239/GBP and settled the day down by 0.174% at US$1.6153/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6260, targeting 1.6160-1.6060; breakage above 1.6260 may target 1.6300-1.6380. Buying can be done between 1.6120-1.6070 with risk below 1.6070; targeting 1.6260-1.6310 and 1.6405.


USD/JPY on Monday an intra-day low of JPY101.13/USD and made an intraday high of JPY 101.91/UD and settled the day 0.36% up at JPY 101.67/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 101.50-100.80, using a stop loss of below 100.80, targeting 102.40-103.30.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Wed Nov 27, 2013 4:27 am
by Ajawed
November 27, 2013

Gold (spot) closed down on Tuesday and made its intraday high of US$1258.03/ounce after setting intraday low of US$1239.64/ounce. Gold went down by 0.659% at US$1242.72/ounce.
Trading Strategy: Neutral
Sell on strength 1251-1268; targeting 1240-1234, upside breakage of 1278 will lead to 1296-1307 and 1313. Buy on dips at 1227-1234 with strict stop loss below 12181-hourly closing; targeting 1251-1265 and 1278-1289 break below 1218 will call for 1208-1190.


Silver (spot) closed down on Tuesday made its intraday high of US$20.29/ounce after setting intraday low of US$19.78/ounce. Silver settled 1.488% down at US$19.85/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.20-21.05 with stop above 21.55; targeting 19.70-19.20 and 18.70; upside breakout of 21.55 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 19.10-19.70 targeting 20.45-20.75 and 20.95-21.55 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Tuesday made an intra-day high of US$94.67/bbl and made an intraday low of US$93.42/bbl and settled down by 0.743% at US$93.46/bbl on session close.
Trading Strategy: Neutral
Sell in-between 94.50-95.90 with risk above 96.05; targeting 94.80-94.20 and 93.50-92.40; upside breakage of 96.05 will lead to 97.05-97.60 and 98.80. Buy in between 93.00-92.40 with risk below 92.40 hourly closing; targeting 93.60-94.80 and 95.40-95.80.


EUR/USD on Tuesday made an intra-day low of US$1.3514/EUR and made an intraday high of US$1.3574/EUR and settled the day up by 0.406% at US$1.3570/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3550-1.3460 with risk below 1.3380, targeting 1.3580-1.3620 and 1.3660-1.3740. Sell on strength 1.3590-1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660.


GBP/USD on Tuesday made an intra-day low of US$1.6137/GBP and made an intraday high of US$1.6218/GBP and settled the day up by 0.371% at US$1.6213/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6260, targeting 1.6160-1.6060; breakage above 1.6260 may target 1.6300-1.6380. Buying can be done between 1.6120-1.6070 with risk below 1.6070; targeting 1.6260-1.6310 and 1.6405.


USD/JPY on Tuesday an intra-day low of JPY101.13/USD and made an intraday high of JPY 101.70/UD and settled the day 0.373% down at JPY 101.28/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 101.20-100.80, using a stop loss of below 100.80, targeting 102.40-103.30.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Thu Nov 28, 2013 6:20 am
by Ajawed
November 28, 2013

Gold (spot) closed down on Wednesday and made its intraday high of US$1254.82/ounce before setting intraday low of US$1236.15/ounce. Gold went down by 0.353% at US$1237.39/ounce.
Trading Strategy: Neutral
Sell on strength 1251-1268; targeting 1240-1234, upside breakage of 1278 will lead to 1296-1307 and 1313. Buy on dips at 1227-1234 with strict stop loss below 12181-hourly closing; targeting 1251-1265 and 1278-1289 break below 1218 will call for 1208-1190.


Silver (spot) closed down on Wednesday made its intraday high of US$20.11/ounce after setting intraday low of US$19.61/ounce. Silver settled 0.807% down at US$19.66/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.95-20.60 with stop above 20.60; targeting 19.60-19.20 and 18.70; upside breakout of 20.60 will open the way to 21.05-21.55 and 22.40-22.75. Buyers can buy above 19.10-19.50 targeting 20.05-20.75 and 20.95-21.55 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intra-day high of US$93.58/bbl and made an intraday low of US$91.75/bbl and settled down by 1.198% at US$92.35/bbl on session close.
Trading Strategy: Neutral
Buy above 91.70, targeting 92.50-93.40 and 94.05-95.40; stop loss below 91.20. Breakage below 91.20 will call for 90.80-89.90. Sell-in-between 92.50-94.05 with risk above 95.40; targeting 91.70-90.80 and 90.00; upside breakage of 95.40 will lead to 96.05-97.05 and 97.60-98.80.


EUR/USD on Wednesday made an intra-day low of US$1.3556/EUR and made an intraday high of US$1.3612/EUR and settled the day up by 0.051% at US$1.3578/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3550- 1.3460 with risk below 1.3380, targeting 1.3580-1.3620 and 1.3660-1.3740. Sell on strength 1.3600-1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop- loss at four-hour closing above 1.3660.


GBP/USD on Wednesday made an intra-day low of US$1.6196/GBP and made an intraday high of US$1.6329/GBP and settled the day up by 0.450% at US$1.6285/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6260, targeting 1.6300- 1.6380; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Wednesday an intra-day low of JPY101.17/USD and made an intraday high of JPY 102.18/UD and settled the day 0.859% up at JPY 102.14/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 101.50-100.80, using a stop loss of below 100.80, targeting 102.40-103.30.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (November)

PostPosted: Fri Nov 29, 2013 6:42 am
by Ajawed
November 29, 2013

Gold (spot) closed up on Thursday and made its intraday high of US$1245.86/ounce before setting intraday low of US$1234.63/ounce. Gold went up by 0.533% at US$1244.79/ounce.
Trading Strategy: Neutral
Sell on strength 1251-1268; targeting 1240-1234, upside breakage of 1278 will lead to 1296-1307 and 1313. Buy on dips at 1227-1234 with strict stop loss below 1218 1-hourly closing; targeting 1251-1265 and 1278-1289 break below 1218 will call for 1208-1190.


Silver (spot) closed up on Thursday made its intraday high of US$19.79/ounce after setting intraday low of US$19.63/ounce. Silver settled 0.254% up at US$19.72/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.95-20.60 with stop above 20.60; targeting 19.60-19.20 and 18.70; upside breakout of 20.60 will open the way to 21.05-21.55 and 22.40-22.75. Buyers can buy above 19.10-19.50 targeting 20.05-20.75 and 20.95-21.55 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Thursday made an intra-day high of US$92.34/bbl and made an intraday low of US$92.04/bbl and settled down by 0.129% at US$92.21/bbl on session close.
Trading Strategy: Neutral
Buy above 91.70, targeting 92.50-93.40 and 94.05-95.40; stop loss below 91.20. Breakage below 91.20 will call for 90.80-89.90. Sell-in-between 92.50-94.05 with risk above 95.40; targeting 91.70-90.80 and 90.00; upside breakage of 95.40 will lead to 96.05-97.05 and 97.60-98.80.


EUR/USD on Thursday made an intra-day low of US$1.3562/EUR and made an intraday high of US$1.3617/EUR and settled the day up by 0.184% at US$1.3562/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3550- 1.3460 with risk below 1.3380, targeting 1.3580-1.3620 and 1.3660-1.3740. Sell on strength 1.3600-1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop- loss at four-hour closing above 1.3660.


GBP/USD on Thursday made an intra-day low of US$1.6275/GBP and made an intraday high of US$1.6356/GBP and settled the day up by 0.331% at US$1.6339/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6260, targeting 1.6300- 1.6380; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Thursday an intra-day low of JPY101.92/USD and made an intraday high of JPY 102.36/UD and settled the day 0.156% up at JPY 102.30/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 101.50-100.80, using a stop loss of below 100.80, targeting 102.40-103.30.


http://www.ikonfinance.com/