Ikon Finance Daily Forex Analysis (December)
Posted: Mon Dec 02, 2013 6:24 am
December 2, 2013
Gold (spot) closed up on Friday and made its intraday high of US$1254.87/ounce after setting intraday low of US$1240.77/ounce. Gold went up by 0.585% at US$1251.66/ 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 1218 1-hourly closing; targeting 1251-1265 and 1278-1289 break below 1218 will call for 1208-1190.
Silver (spot) closed up on Friday made its intraday high of US$20.08/ounce after setting intraday low of US$19.68/ounce. Silver settled 1.165% up at US$19.97/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 Friday made an intra-day high of US$93.89/bbl and made an intraday low of US$92.10/bbl and settled down by 0.563% at US$92.77/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 93.80-94.90 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 Friday made an intra-day low of US$1.3579/EUR and made an intraday high of US$1.3620/EUR and settled the day down by 0.095% at US$1.3590/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3560- 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 Friday made an intra-day low of US$1.6313/GBP and made an intraday high of US$1.6383/GBP and settled the day up by 0.159% at US$1.6367/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.
USD/JPY on Friday an intra-day low of JPY102.10/USD and made an intraday high of JPY 102.60/UD and settled the day 0.130% up at JPY 102.43/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/
Gold (spot) closed up on Friday and made its intraday high of US$1254.87/ounce after setting intraday low of US$1240.77/ounce. Gold went up by 0.585% at US$1251.66/ 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 1218 1-hourly closing; targeting 1251-1265 and 1278-1289 break below 1218 will call for 1208-1190.
Silver (spot) closed up on Friday made its intraday high of US$20.08/ounce after setting intraday low of US$19.68/ounce. Silver settled 1.165% up at US$19.97/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 Friday made an intra-day high of US$93.89/bbl and made an intraday low of US$92.10/bbl and settled down by 0.563% at US$92.77/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 93.80-94.90 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 Friday made an intra-day low of US$1.3579/EUR and made an intraday high of US$1.3620/EUR and settled the day down by 0.095% at US$1.3590/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3560- 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 Friday made an intra-day low of US$1.6313/GBP and made an intraday high of US$1.6383/GBP and settled the day up by 0.159% at US$1.6367/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.
USD/JPY on Friday an intra-day low of JPY102.10/USD and made an intraday high of JPY 102.60/UD and settled the day 0.130% up at JPY 102.43/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/