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Ikon Finance Daily Forex Analysis (March)

PostPosted: Mon Mar 03, 2014 6:50 am
by Ajawed
March 3, 2014

Gold closed down on Friday and made its intraday high of US$1332.99/ounce a before setting intraday low of US$1319.59/ounce. Gold went down by 0.308% at US$1326.10/ ounce.
Trading Strategy: Neutral
Sell below 1346; break above 1346 will call for 1354-1374; targeting 1318-1309 and 1301. Buy on dips at 1320-1336 with strict stop loss below 1320 1-hourly closing; targeting 1346-1354. Breakage below 1320 will call for 1309-1290.


Silver closed down on Friday made its intraday high of US$21.39/ounce after setting intraday low of US$21.07/ounce. Silver settled 0.282% down at US$21.20/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.45-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65-20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.


Crude futures (April 2014) on Friday made an intra-day high of US$102.92/bbl and made an intraday low of US$101.81/bbl and settled down by 0.489% at US$102.62/ bbl on session close.
Trading Strategy: Neutral
Buy above 103.40-101.90, targeting 104.55-105 and 103.35-104.55; stop loss 1- hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.Sell below 102.60- 103.80; targeting 102.20-101.60 and 100.70-99.90; upside breakage of 103.80 will lead to 104.40-105.80.


EUR/USD on Monday made an intra-day low of US$1.3693/EUR and made an intraday high of US$1.3823/EUR and settled the day up by 0.671% at US$1.3801/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3750- 1.3660 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Friday made an intra-day low of US$1.6675/GBP and made an intraday high of US$1.6767/GBP and settled the day up by 0.323% at US$1.6741/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6790-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6620- 1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Friday an intra-day low of JPY101.54/USD and made an intraday high of JPY 102.28/USD and settled the day 0.232% down at JPY 101.78/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Tue Mar 04, 2014 5:13 am
by Ajawed
March 4, 2014

Gold closed up on Monday and made its intraday high of US$1354.62/ounce a before setting intraday low of US$1330.34/ounce. Gold went up by 1.354% at US$1350.14/ ounce.
Trading Strategy: Neutral
Sell below 1346-1354; break above 1354 will call for 1364-1374; targeting 1318- 1309 and 1301. Buy on dips at 1320-1334 with strict stop loss below 1320 1-hourly closing; targeting 1346-1354. Breakage below 1320 will call for 1309-1290.


Silver closed down on Monday made its intraday high of US$21.71/ounce after setting intraday low of US$21.23/ounce. Silver settled 0.422% down at US$21.40/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.55-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65-20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.


Crude futures (April 2014) on Monday made an intra-day high of US$105.20/bbl and made an intraday low of US$102.95/bbl and settled up by 2.093% at US$104.85/bbl on session close.
Trading Strategy: Neutral
Buy above 103.40-101.90, targeting 104.55-105 and 103.35-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55. Sell below 104.90-106.00; targeting 103.90-103.40 and 102.60-101.60; upside breakage of 106.00 will lead to 107.20.


EUR/USD on Monday made an intra-day low of US$1.3725/EUR and made an intraday high of US$1.3791/EUR and settled the day down by 0.181% at US$1.3733/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3690- 1.3600 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Monday made an intra-day low of US$1.6652/GBP and made an intraday high of US$1.6750/GBP and settled the day down by 0.269% at US$1.6664/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Monday an intra-day low of JPY101.19/USD and made an intraday high of JPY 101.65/USD and settled the day 0.045% down at JPY 101.42/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Wed Mar 05, 2014 6:07 am
by Ajawed
March 5, 2014

Gold closed up on Tuesday and made its intraday high of US$1352.52/ounce a before setting intraday low of US$1331.10/ounce. Gold went up by 1.158% at US$1334.28/ ounce.
Trading Strategy: Neutral
Sell below 1341-1354; break above 1355 will call for 1364-1374; targeting 1318- 1309 and 1301. Buy on dips at 1318-1331 with strict stop loss below 1311 1-hourly closing; targeting 1346-1354. Breakage below 1311 will call for 1305-1290.


Silver closed down on Tuesday made its intraday high of US$21.50/ounce after setting intraday low of US$21.03/ounce. Silver settled 1.075% down at US$21.16/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.55-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65-20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.


Crude futures (April 2014) on Tuesday made an intra-day high of US$104.92/bbl and made an intraday low of US$102.85/bbl and settled down by 1.468% at US$103.33/ bbl on session close.
Trading Strategy: Neutral
Buy above 103.00-101.90, targeting 103.60 and 104.55-105.40; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55. Sell below 103.60- 104.90; targeting 103.90-103.40 and 102.60-101.60; upside breakage of 106.35 will lead to 107.20.


EUR/USD on Tuesday made an intra-day low of US$1.3719/EUR and made an intraday high of US$1.3780/EUR and settled the day down by 0.065% at US$1.3742/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3690- 1.3600 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Tuesday made an intra-day low of US$1.6635/GBP and made an intraday high of US$1.6715/GBP and settled the day down by 0.004% at US$1.6663/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY
on Tuesday an intra-day low of JPY101.39/USD and made an intraday high of JPY 102.27/USD and settled the day 0.759% up at JPY 101.20/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Thu Mar 06, 2014 6:58 am
by Ajawed
March 6, 2014

Gold closed up on Wednesday and made its intraday high of US$1341.77/ounce a before setting intraday low of US$1331.90/ounce. Gold went down by 0.005% at US$1335.92/ounce.
Trading Strategy: Neutral
Trade gold in range of US$1,330 – US$1,342. A break below US$1,330 can target US$1,320-1,309; while a break above US$1,341 can target US$1,354-1,364. Sell below 1336-1348; break above 1355 will call for 1364-1374; targeting 1330-1318 and 1309-1301. Buy on dips at 1318-1331 with strict stop loss below 1311 1-hourly closing; targeting 1346-1354. Breakage below 1311 will call for 1305-1290.


Silver closed down on Wednesday made its intraday high of US$21.31/ounce after setting intraday low of US$21.11/ounce. Silver settled 0.188% down at US$21.17/ounce.
Trading Strategy: Neutral
We recommend playing the range of US$21.00–US$21.70. A break above 21.70 will lead to 21.90-22.20; whereas breakage below 21.00 will call for 20.80-20.55. Sell on Strength at 21.35-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65- 20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.


Crude futures (April 2014) on Wednesday made an intra-day high of US$103.34/ bbl and made an intraday low of US$101.00/bbl and settled down by 2.316% at US$101.00/bbl on session close.
Trading Strategy: Neutral
Sell below 101.50-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Wednesday made an intra-day low of US$1.3703/EUR and made an intraday high of US$1.3774/EUR and settled the day down by 0.0728% at US$1.3731/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3690- 1.3600 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Wednesday made an intra-day low of US$1.6653/GBP and made an intraday high of US$1.6742/GBP and settled the day down by 0.293% at US$1.6713/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Wednesday an intra-day low of JPY102.07/USD and made an intraday high of JPY 102.55/USD and settled the day 0.175% up at JPY 102.39/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Fri Mar 07, 2014 6:59 am
by Ajawed
March 7, 2014

Gold closed up on Thursday and made its intraday high of US$1353.56/ounce a before setting intraday low of US$1330.55/ounce. Gold went up by 1.023% at US$1349.82/ ounce.
Trading Strategy: Neutral
Sell below 1355; break above 1355 will call for 1364-1374; targeting 1330-1318 and 1309-1301. Buy on dips at 1320-1341 with strict stop loss below 1318 1-hourly closing; targeting 1354-1364. Breakage below 1311 will call for 1305-1290.


Silver closed down on Thursday made its intraday high of US$21.63/ounce after setting intraday low of US$21.05/ounce. Silver settled 1.479% up at US$21.48/ounce.
Trading Strategy: Neutral
We recommend playing the range of US$21.10–US$21.70. A break above 21.70 will lead to 21.90-22.20; whereas breakage below 21.00 will call for 20.80-20.55. Sell on Strength at 21.50-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65- 20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.


Crude futures (April 2014) on Thursday made an intra-day high of US$102.07/bbl and made an intraday low of US$100.16/bbl and settled up by 0.95% at US$101.96/bbl on session close.
Trading Strategy: Neutral
Sell below 102.00-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Thursday made an intra-day low of US$1.3719/EUR and made an intraday high of US$1.3870/EUR and settled the day up by 0.952% at US$1.3863/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3890.


GBP/USD on Thursday made an intra-day low of US$1.6682/GBP and made an intraday high of US$1.6777/GBP and settled the day up by 0.167% at US$1.6740/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Thursday an intra-day low of JPY102.29/USD and made an intraday high of JPY 103.17/USD and settled the day 0.669% up at JPY 103.05/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Mon Mar 10, 2014 6:54 am
by Ajawed
March 10, 2014

Gold closed up on Friday and made its intraday high of US$1352.84/ounce a before setting intraday low of US$1327.53/ounce. Gold went down by 0.774% at US$1339.30/ ounce.
Trading Strategy: Neutral
Sell below 1341-1355; break above 1355 will call for 1364-1374; targeting 1330- 1318 and 1309-1301. Buy on dips at 1309-1320 with strict stop loss below 1307 1- hourly closing; targeting 1354-1364. Breakage below 1311 will call for 1305-1290.


Silver closed down on Friday made its intraday high of US$21.58/ounce after setting intraday low of US$20.71/ounce. Silver settled 2.93% down at US$20.88/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.10-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Friday made an intra-day high of US$102.92/bbl and made an intraday low of US$101.57/bbl and settled up by 0.809% at US$102.56/bbl on session close.
Trading Strategy: Neutral
Sell below 102.00-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Friday made an intra-day low of US$1.3850/EUR and made an intraday high of US$1.3870/EUR and settled the day up by 0.057% at US$1.3870/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Friday made an intra-day low of US$1.6703/GBP and made an intraday high of US$1.6786/GBP and settled the day down by 0.173% at US$1.6711/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Friday an intra-day low of JPY102.81/USD and made an intraday high of JPY 103.27/USD and settled the day 0.209% up at JPY 103.76/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Tue Mar 11, 2014 8:23 am
by Ajawed
March 11, 2014

Gold closed up on Monday and made its intraday high of US$1344.40/ounce a before setting intraday low of US$1327.94/ounce. Gold went up by 0.042% at US$1339.44/ ounce.
Trading Strategy: Neutral
Sell below 1344-1355; break above 1355 will call for 1364-1374; targeting 1330- 1318 and 1309-1301. Buy on dips at 1309-1320 with strict stop loss below 1307 1- hourly closing; targeting 1354-1364. Breakage below 1311 will call for 1305-1290.


Silver closed down on Monday made its intraday high of US$21.02/ounce after setting intraday low of US$20.79/ounce. Silver settled 0.383% down at US$20.79/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.10-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Monday made an intra-day high of US$102.70/bbl and made an intraday low of US$100.83/bbl and settled down by 1.733% at US$100.91/ bbl on session close.
Trading Strategy: Neutral
Sell below 102.00-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Monday made an intra-day low of US$1.3860/EUR and made an intraday high of US$1.3897/EUR and settled the day up by 0.043% at US$1.3877/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Monday made an intra-day low of US$1.6620/GBP and made an intraday high of US$1.6740/GBP and settled the day down by 0.454% at US$1.6644/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Monday an intra-day low of JPY102.92/USD and made an intraday high of JPY 103.39/USD and settled the day 0.126% up at JPY 103.27/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; Buy on dips around 102.50- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Wed Mar 12, 2014 6:23 am
by Ajawed
March 12, 2014

Gold closed up on Tuesday and made its intraday high of US$1352.21/ounce a before setting intraday low of US$1337.49/ounce. Gold went up by 0.731% at US$1348.52/ ounce.
Trading Strategy: Neutral
Buy on dips at 1338-1352 with strict stop loss below 1330 1-hourly closing; targeting 1360-1364 and 1370-1374. Breakage below 1330 will call for 1320-1311. Sell below 1364-1370; break above 1374 will call for 1384-1394; targeting 1354- 1340 and 1330-1318.


Silver closed up on Tuesday made its intraday high of US$21.30/ounce after setting intraday low of US$20.64/ounce. Silver settled 0.144% down at US$20.84/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.35-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Tuesday made an intra-day high of US$101.50/bbl and made an intraday low of US$99.36/bbl and settled down by 1.416% at US$99.49/bbl on session close.
Trading Strategy: Neutral
Sell below 99.90-101.00; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 101.70 will lead to 102.90-103.60. Buy above 99.05-97.80, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 97.80 will call for 96.60.


EUR/USD on Tuesday made an intra-day low of US$1.3832/EUR and made an intraday high of US$1.3877/EUR and settled the day up by 0.144% at US$1.3857/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Tuesday made an intra-day low of US$1.6595/GBP and made an intraday high of US$1.6652/GBP and settled the day down by 0.180% at US$1.6614/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Tuesday an intra-day low of JPY102.83/USD and made an intraday high of JPY 103.41/USD and settled the day 0.271% up at JPY 102.99/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Thu Mar 13, 2014 6:51 am
by Ajawed
March 13, 2014

Gold closed up on Wednesday and made its intraday high of US$1370.77/ounce a before setting intraday low of US$1345.33/ounce. Gold went up by 1.401% at US$1366.70/ounce.
Trading Strategy: Neutral
Buy on dips at 1354-1362 with strict stop loss below 1338 1-hourly closing; targeting 1374-1378 and 1387-1394. Breakage below 1330 will call for 1320-1311. Sell below 1364-1370; break above 1374 will call for 1384-1394; targeting 1354- 1340 and 1330-1318.


Silver closed up on Wednesday made its intraday high of US$21.41/ounce after setting intraday low of US$20.79/ounce. Silver settled 2.062% up at US$21.28/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.35-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Wednesday made an intra-day high of US$99.57/bbl and made an intraday low of US$97.54/bbl and settled down by 1.407% at US$98.06/ bbl on session close..
Trading Strategy: Neutral
Sell below 99.00-100.60; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 100.60 will lead to 101.70-102.90. Buy above 97.80-96.60, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 96.60 will call for 95.50.


EUR/USD on Wednesday made an intra-day low of US$1.3842/EUR and made an intraday high of US$1.3913/EUR and settled the day up by 0.324% at US$1.3902/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Wednesday made an intra-day low of US$1.6567/GBP and made an intraday high of US$1.6634/GBP and settled the day up by 0.006% at US$1.6616/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Wednesday an intra-day low of JPY102.54/USD and made an intraday high of JPY 103.09/USD and settled the day 0.223% down at JPY 102.76/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/

Re: Ikon Finance Daily Forex Analysis (March)

PostPosted: Fri Mar 14, 2014 5:28 am
by Ajawed
March 14, 2014

Gold closed up on Thursday and made its intraday high of US$1375.02/ounce a before setting intraday low of US$1364.43/ounce. Gold went up by 0.206% at US$1369.82/ounce.
Trading Strategy: Neutral
Buy on dips at 1354-1362 with strict stop loss below 1338 1-hourly closing; targeting 1374-1378 and 1387-1394. Breakage below 1330 will call for 1320-1311. Sell below 1374-1380; break above 1387 will call for 1394-1400; targeting 1364- 1354 and 1340-1330.


Silver closed down on Thursday made its intraday high of US$21.46/ounce after setting intraday low of US$21.08/ounce. Silver settled 0.470% down at US$21.17/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.35-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Thursday made an intra-day high of US$99.58/bbl and made an intraday low of US$97.66/bbl and settled down by 0.132% at US$98.21/bbl on session close.
Trading Strategy: Neutral
Sell below 99.00-100.60; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 100.60 will lead to 101.70-102.90. Buy above 97.80-96.60, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 96.60 will call for 95.50.


EUR/USD on Thursday made an intra-day low of US$1.3844/EUR and made an intraday high of US$1.3966/EUR and settled the day up by 0.208% at US$1.3871/EUR on session close.
Trading Strategy: Neutral
Based on the today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Thursday made an intra-day low of US$1.6605/GBP and made an intraday high of US$1.6717/GBP and settled the day up by 0.036% at US$1.6622/ GBP on session close.
Trading Strategy: Neutral
Based on the today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Thursday an intra-day low of JPY101.53/USD and made an intraday high of JPY 102.85/USD and settled the day 0.866% down at JPY 101.86/USD on session close.
Trading Strategy: Neutral
Based on the today’s market; Buy on dips around 102.50- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonfinance.com/