Re: Ikon Finance Daily Forex Analysis (January)
Posted: Fri Jan 31, 2014 6:32 amJanuary 31, 2014
Gold closed down on Thursday and made its intraday high of US$1267.77/ounce a before setting intraday low of US$1237.91/ounce. Gold went down by 1.817% at US$1267.37/ounce.
Trading Strategy: Neutral
Sell below 1252-1268; targeting 1250-1244 and 1232-1224, upside breakage of 1272 will lead to 1284-1290 and 1300. Buy on dips at 1226-1238 with strict stop loss below 1218 4-hourly closing; targeting 1250-1262 and 1268-1278. Breakage below 1218 will call for 1214-1207.
Silver closed down on Thursday made its intraday high of US$19.72/ounce after setting intraday low of US$18.98/ounce. Silver settled 2.791% down at US$19.15/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.40-20.25 with stop above 20.50; targeting 19.05-18.70 and 18.50; upside breakout of 20.50 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 18.70-19.10 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.
Crude futures (Mar 2014) on Thursday made an intra-day high of US$98.57/bbl and made an intraday low of US$97.33/bbl and settled up by 0.626% at US$98.03/bbl on session close.
Trading Strategy: Neutral
Buy above 97.30-95.40, targeting 96.30-97.05 and 97.90-98.50; stop loss below 93.60. Breakage below 95.40 will call for 94.70-94.20 and 93.40. Sell below 98.50- 99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.30 will lead to 100.70-101.50.
EUR/USD on Thursday made an intra-day low of US$1.3542/EUR and made an intraday high of US$1.3664/EUR and settled the day down by 0.790% at US$1.3552/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3590-1.3690 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3530-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830.
GBP/USD on Thursday made an intra-day low of US$1.6482/GBP and made an intraday high of US$1.6566/GBP and settled the day down by 0.477% at US$1.6482/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6530-1.6600, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6440-1.6370, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6300 may target 1.6200 and 1.6140.
USD/JPY on Thursday an intra-day low of JPY102.07/USD and made an intraday high of JPY 102.88/USD and settled the day 0.420% up at JPY 102.70/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 103.20-103.90, targeting 102.50-101.50 with stop above 104.90. Buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90 and 105.60.
http://www.ikonfinance.com/
Gold closed down on Thursday and made its intraday high of US$1267.77/ounce a before setting intraday low of US$1237.91/ounce. Gold went down by 1.817% at US$1267.37/ounce.
Trading Strategy: Neutral
Sell below 1252-1268; targeting 1250-1244 and 1232-1224, upside breakage of 1272 will lead to 1284-1290 and 1300. Buy on dips at 1226-1238 with strict stop loss below 1218 4-hourly closing; targeting 1250-1262 and 1268-1278. Breakage below 1218 will call for 1214-1207.
Silver closed down on Thursday made its intraday high of US$19.72/ounce after setting intraday low of US$18.98/ounce. Silver settled 2.791% down at US$19.15/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.40-20.25 with stop above 20.50; targeting 19.05-18.70 and 18.50; upside breakout of 20.50 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 18.70-19.10 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.
Crude futures (Mar 2014) on Thursday made an intra-day high of US$98.57/bbl and made an intraday low of US$97.33/bbl and settled up by 0.626% at US$98.03/bbl on session close.
Trading Strategy: Neutral
Buy above 97.30-95.40, targeting 96.30-97.05 and 97.90-98.50; stop loss below 93.60. Breakage below 95.40 will call for 94.70-94.20 and 93.40. Sell below 98.50- 99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.30 will lead to 100.70-101.50.
EUR/USD on Thursday made an intra-day low of US$1.3542/EUR and made an intraday high of US$1.3664/EUR and settled the day down by 0.790% at US$1.3552/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3590-1.3690 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3530-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830.
GBP/USD on Thursday made an intra-day low of US$1.6482/GBP and made an intraday high of US$1.6566/GBP and settled the day down by 0.477% at US$1.6482/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6530-1.6600, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6440-1.6370, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6300 may target 1.6200 and 1.6140.
USD/JPY on Thursday an intra-day low of JPY102.07/USD and made an intraday high of JPY 102.88/USD and settled the day 0.420% up at JPY 102.70/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 103.20-103.90, targeting 102.50-101.50 with stop above 104.90. Buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90 and 105.60.
http://www.ikonfinance.com/