Ikon Finance Daily Forex Analysis (March)

Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Mon Mar 17, 2014 7:54 am

March 17, 2014

Gold closed up on Friday and made its intraday high of US$1387.51/ounce a before setting intraday low of US$1367.93/ounce. Gold went up by 0.938% at US$1382.51/ ounce.
Trading Strategy: Neutral
Buy on dips at 1364-1376 with strict stop loss below 1354 1-hourly closing; targeting 1387-1394 and 1400. Breakage below 1354 will call for 1338-1320. Sell below 1394-1400; break above 1400 will call for 1415-1425; targeting 1374-1364 and 1354-1340.


Silver closed up on Friday made its intraday high of US$21.78/ounce after setting intraday low of US$21.12/ounce. Silver settled 1.180% up at US$21.42/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.65-22.05 with stop above 22.05; targeting 21.25-20.95 and 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 21.05-20.40 targeting 21.75-22.00 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$99.25/bbl and made an intraday low of US$98.03/bbl and settled down by 0.773% at US$98.98/bbl on session close.
Trading Strategy: Neutral
Sell below 99.10-100.60; 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 Friday made an intra-day low of US$1.3846/EUR and made an intraday high of US$1.3936/EUR and settled the day up by 0.288% at US$1.3911/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$1.6586/GBP and made an intraday high of US$1.6648/GBP and settled the day up by 0.156% at US$1.6648/ 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 JPY101.19/USD and made an intraday high of JPY 101.87/USD and settled the day 0.510% down at JPY 101.36/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/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Tue Mar 18, 2014 7:44 am

March 18, 2014

Gold closed down on Monday and made its intraday high of US$1392.00/ounce a before setting intraday low of US$1361.50/ounce. Gold went down by 1.460% at US$1366.36/ounce.
Trading Strategy: Neutral
Buy on dips at 1354-1360 with strict stop loss below 1354 1-hourly closing; targeting 1374-1387 and 1394-1400. Breakage below 1354 will call for 1342-1330. Sell below 1378-1394; break above 1400 will call for 1415-1425; targeting 1360- 1354 and 1342-1331.


Silver closed up on Monday made its intraday high of US$21.55/ounce after setting intraday low of US$21.06/ounce. Silver settled 1.514% down at US$21.14/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.30-22.05 with stop above 22.05; targeting 21.05-20.85 and 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 21.05-20.40 targeting 21.75-22.00 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$99.32/bbl and made an intraday low of US$97.35/bbl and settled down by 1.897% at US$97.97/bbl on session close.
Trading Strategy: Neutral
Sell below 98.55-100.40; targeting 97.80-96.60; upside breakage of 100.40 will lead to 101.70-102.90. Buy above 97.20-98.00, targeting 98.60-99.30 and 99.80-100.40; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Monday made an intra-day low of US$1.3924/EUR and made an intraday high of US$1.3948/EUR and settled the day up by 0.001% at US$1.3924/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 Monday made an intra-day low of US$1.6600/GBP and made an intraday high of US$1.6666/GBP and settled the day down by 0.012% at US$1.6666/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 101.92/USD and settled the day 0.536% up at JPY 101.90/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.


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Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Wed Mar 19, 2014 6:54 am

March 19, 2014

Gold closed down on Tuesday and made its intraday high of US$1367.40/ounce a before setting intraday low of US$1350.51/ounce. Gold went down by 0.803% at US$1355.25/ounce.
Trading Strategy: Neutral
Buy on dips at 1350-1342 with strict stop loss below 1338 1-hourly closing; targeting 1368-1374 and 1378-1387. Breakage below 1338 will call for 1330-1321. Sell below 1368-1378; break above 1387 will call for 1394-1405 and 1415-1425; targeting 1360-1354 and 1342-1331.


Silver closed up on Tuesday made its intraday high of US$21.23/ounce after setting intraday low of US$20.61/ounce. Silver settled 1.746% down at US$20.81/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.95-21.55 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 20.40 targeting 21.75-22.00 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$99.77/bbl and made an intraday low of US$97.73/bbl and settled down by 1.633% at US$99.54/bbl on session close.
Trading Strategy: Neutral
Sell below 99.00-100.40; targeting 97.80-96.60; upside breakage of 100.40 will lead to 101.70-102.90. Buy above 97.20-98.00, targeting 98.60-99.30 and 99.80-100.40; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Tuesday made an intra-day low of US$1.3879/EUR and made an intraday high of US$1.3941/EUR and settled the day up by 0.093% at US$1.3933/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$1.6544/GBP and made an intraday high of US$1.6646/GBP and settled the day down by 0.252% at US$1.6591/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 JPY101.26/USD and made an intraday high of JPY 101.93/USD and settled the day 0.363% down at JPY 101.42/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/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Thu Mar 20, 2014 6:38 am

March 20, 2014

Gold closed down on Wednesday and made its intraday high of US$1359.51/ounce a before setting intraday low of US$1327.42/ounce. Gold went down by 1.926% at US$1329.32/ounce.
Trading Strategy: Neutral
Sell below 1342-1354; break above 1364 will call for 1374-1387 and 1394-1400; targeting 1331-1318 and 1311-1305. Buy on dips at 1318-1307 strict stop loss below 1305 1-hourly closing; targeting 1344-1354 and 1368-1378. Breakage below 1307 will call for 1301-1294.


Silver closed down on Wednesday made its intraday high of US$20.95/ounce after setting intraday low of US$20.48/ounce. Silver settled 1.104% down at US$20.59/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.85-21.55 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 20.40 targeting 21.75-22.00 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$100.43/bbl and made an intraday low of US$99.32/bbl and settled up by 0.894% at US$100.37/ bbl on session close.
Trading Strategy: Neutral
Sell below 99.40-100.40; targeting 97.80-96.60; upside breakage of 100.40 will lead to 101.70-102.90. Buy above 97.35-98.20, targeting 98.60-99.30 and 99.80-100.40; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Wednesday made an intra-day low of US$1.3808/EUR and made an intraday high of US$1.3933/EUR and settled the day down by 0.846% at US$1.3815/ 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$1.6506/GBP and made an intraday high of US$1.6653/GBP and settled the day down by 0.373% at US$1.6530/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 JPY101.29/USD and made an intraday high of JPY 101.29/USD and settled the day 0.956% up at JPY 102.38/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 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/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Fri Mar 21, 2014 6:46 am

March 21, 2014

Gold closed down on Thursday and made its intraday high of US$1334.53/ounce a before setting intraday low of US$1320.29/ounce. Gold went down by 0.242% at US$1327.40/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 1336-1344 with risk hourly closing above 1344 will target 1331-1318 and 1311-1305; break above 1344 will call for 1354-1364 and 1374-1378.Buy on dips 1321-1307 strict stop loss below 1305 1- hourly closing; targeting 1336-1344 and 1354-1368. Breakage below 1305 will call for 1301-1294.


Silver closed down on Thursday made its intraday high of US$20.71/ounce after setting intraday low of US$20.12/ounce. Silver settled 1.690% down at US$20.25/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on Strength at 20.75-21.55 with stop above 22.05; targeting 20.15-19.90 and 19.65; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 20.10-19.70 targeting 20.50- 20.95 and 21.40-21.75 with risk below 19.70 hourly closing.


Crude futures (April 2014) on Thursday made an intra-day high of US$99.43/bbl and made an intraday low of US$98.07/bbl and settled down by 0.505% at US$98.60/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.40-100.40 with target of 97.80-96.60; upside breakage of 100.40 will lead to 101.70-102.90. Buy above 97.35-98.10, targeting 98.60-99.30 and 99.80-100.40; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Thursday made an intra-day low of US$1.3748/EUR and made an intraday high of US$1.3844EUR and settled the day down by 0.267% at US$1.3778/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 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$1.6479/GBP and made an intraday high of US$1.6567/GBP and settled the day down by 0.145% at US$1.6505/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6605-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Thursday an intra-day low of JPY102.20/USD and made an intraday high of JPY 102.53/USD and settled the day 0.009% up at JPY 102.39/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 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.


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Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Mon Mar 24, 2014 7:16 am

March 24, 2014

Gold
closed up on Friday and made its intraday high of US$1342.26/ounce a before setting intraday low of US$1327.85/ounce. Gold went up by 0.426% at US$1334.30/ ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 1336-1344 with risk hourly closing above 1344 will target 1331-1318 and 1311-1305; break above 1344 will call for 1354-1364 and 1374-1378.Buy on dips 1321-1307 strict stop loss below 1305 1- hourly closing; targeting 1336-1344 and 1354-1368. Breakage below 1305 will call for 1301-1294.


Silver closed up on Friday made its intraday high of US$20.57/ounce after setting intraday low of US$20.25/ounce. Silver settled 0.147% up at US$20.31/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on Strength at 20.60-21.60 with stop above 21.60; targeting 20.15-19.90 and 19.65; upside breakout of 21.60 will open the way to 22.05-22.25. Buyers can buy above 20.10-19.70 targeting 20.50- 20.95 and 21.40-21.75 with risk below 19.70 hourly closing.


Crude futures (April 2014) on Friday made an intra-day high of US$100.24/bbl and made an intraday low of US$98.23/bbl and settled up by 0.933% at US$99.49/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.90-101.00 with target of 97.80-96.60; upside breakage of 101.00 will lead to 101.70-102.90. Buy above 97.80-98.50, targeting 99.80-100.40 and 101.00-101.70; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Friday made an intra-day low of US$1.3764/EUR and made an intraday high of US$1.3809/EUR and settled the day up by 0.087% at US$1.3791/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 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$1.6474/GBP and made an intraday high of US$1.6519/GBP and settled the day down by 0.132% at US$1.6484/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6605-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Friday an intra-day low of JPY102.00/USD and made an intraday high of JPY 102.42/USD and settled the day 0.159% down at JPY 102.23/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 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/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Tue Mar 25, 2014 7:19 am

March 25, 2014

Gold closed down on Monday and made its intraday high of US$1334.57/ounce a before setting intraday low of US$1307.66/ounce. Gold went down by 1.089% at US$1308.51/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips 1309-1294 strict stop loss below 1294 1-hourly closing; targeting 1320-1330 and 1336-1344. Breakage below 1294 will call for 1290-1280. Sell below 1326-1340 with risk hourly closing above 1345 will target 1309-1300 and 1294-1286; break above 1345 will call for 1354- 1364 and 1374-1378.


Silver closed down on Monday made its intraday high of US$20.29/ounce after setting intraday low of US$19.90/ounce. Silver settled 1.580% down at US$19.93/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on Strength at 20.60-21.60 with stop above 21.60; targeting 20.15-19.90 and 19.65; upside breakout of 21.60 will open the way to 22.05-22.25. Buyers can buy above 20.10-19.70 targeting 20.50- 20.95 and 21.40-21.75 with risk below 19.70 hourly closing.


Crude futures (April 2014) on Monday made an intra-day high of US$100.27/bbl and made an intraday low of US$99.03/bbl and settled up by 0.100% at US$99.41/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.90-101.00 with target of 97.80-96.60; upside breakage of 101.00 will lead to 101.70-102.90. Buy above 97.80-98.50, targeting 99.80-100.40 and 101.00-101.70; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Monday made an intra-day low of US$1.3759/EUR and made an intraday high of US$1.3875/EUR and settled the day up by 0.282% at US$1.3837/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 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$1.6464/GBP and made an intraday high of US$1.6535/GBP and settled the day up by 0.135% at US$1.6495/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6605-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Monday an intra-day low of JPY102.22/USD and made an intraday high of JPY 102.63/USD and settled the day 0.097% down at JPY 102.22/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 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/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Wed Mar 26, 2014 7:17 am

March 26, 2014

Gold closed up on Tuesday and made its intraday high of US$1317.19/ounce a before setting intraday low of US$1305.53/ounce. Gold went up by 0.184% at US$1310.82/ ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips 1309-1294 strict stop loss below 1294 1-hourly closing; targeting 1320-1330 and 1336-1344. Breakage below 1294 will call for 1290-1280. Sell below 1326-1340 with risk hourly closing above 1345 will target 1309-1300 and 1294-1286; break above 1345 will call for 1354- 1364 and 1374-1378.


Silver closed down on Tuesday made its intraday high of US$20.19/ounce after setting intraday low of US$19.89/ounce. Silver settled 0.251% down at US$19.97/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on Strength at 20.35-21.60 with stop above 21.60; targeting 20.15-19.90 and 19.65; upside breakout of 21.60 will open the way to 22.05-22.25. Buyers can buy above 20.10-19.70 targeting 20.50- 20.95 and 21.40-21.75 with risk below 19.70 hourly closing.


Crude futures (April 2014) on Tuesday made an intra-day high of US$100.23/bbl and made an intraday low of US$98.79/bbl and settled down by 0.231% at US$99.17/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.90-101.00 with target of 98.90-97.80 and 96.60; upside breakage of 101.00 will lead to 101.70-102.90. Buy above 97.80-98.80, targeting 99.80-100.40 and 101.00-101.70; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Tuesday made an intra-day low of US$1.3747/EUR and made an intraday high of US$1.3847/EUR and settled the day up by 0.115% at US$1.3820/EUR on session close.
Trading Strategy: Neutral
Based on today’s markets, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 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$1.6480/GBP and made an intraday high of US$1.6548/GBP and settled the day up by 0.217% at US$1.6528/ GBP on session close.
Trading Strategy: Neutral
Based on today’s markets; sell below 1.6560-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Tuesday an intra-day low of JPY102.29/USD and made an intraday high of JPY 102.49/USD and settled the day 0.048% down at JPY 102.06/USD on session close.
Trading Strategy: Neutral
Based on today’s markets; Buy on dips around 102.10- 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/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Thu Mar 27, 2014 7:34 am

March 27, 2014

Gold closed up on Wednesday and made its intraday high of US$1316.18/ounce a before setting intraday low of US$1298.43/ounce. Gold went down by 0.533% at US$1304.21/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips 1300-1290 strict stop loss below 1287 1-hourly closing; targeting 1311-1324 and 1330-1336. Breakage below 1287 will call for 1280-1272. Sell below 1316-1326 with risk hourly closing above 1334, targeting 1309-1300 and 1294-1286; break above 1334 will call for 1344- 1354.


Silver closed down on Wednesday made its intraday high of US$20.12/ounce after setting intraday low of US$19.67/ounce. Silver settled 1.151% down at US$19.95/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength at 19.90-20.35 with stop above 20.60; targeting 19.65; upside breakout of 20.60 will open the way to 20.90-21.50 and 22.05-22.25. Buyers can buy above 19.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (April 2014) on Wednesday made an intra-day high of US$100.44/ bbl and made an intraday low of US$99.07/bbl and settled down by 1.195% at US$100.26/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 100.40-101.00 with target of 98.90-97.80 and 96.60; upside breakage of 101.20 will lead to 101.70- 102.90. Buy above 97.80-98.80, targeting 99.80-100.40 and 101.00-101.70; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Wednesday made an intra-day low of US$1.3775/EUR and made an intraday high of US$1.3826/EUR and settled the day down by 0.296% at US$1.3784/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 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$1.6508/GBP and made an intraday high of US$1.6595/GBP and settled the day up by 0.272% at US$1.6575/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6560-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Wednesday an intra-day low of JPY101.86/USD and made an intraday high of JPY 102.46/USD and settled the day 0.195% up at JPY 102.06/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 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/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (March)

Postby Ajawed » Fri Mar 28, 2014 5:56 am

March 28, 2014

Gold closed down on Thursday and made its intraday high of US$1306.80/ounce a before setting intraday low of US$1288.60/ounce. Gold went down by 1.013% at US$1293.11/ounce.
Trading Strategy: Neutral
Based on today’s market, buy on dips 1294-1286 strict stop loss below 1286 hourly closing; targeting 1311-1324 and 1330-1336. Breakage below 1286 will call for 1280-1272. Sell below 1306-1316 with risk hourly closing above 1324, targeting 1290-1282 and 1272; break above 1324 will call for 1334-1344 and 1354.


Silver closed down on Thursday made its intraday high of US$19.86/ounce after setting intraday low of US$19.54/ounce. Silver settled 0.527% down at US$19.73/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.90-20.35 with stop above 20.60; targeting 19.65; upside breakout of 20.60 will open the way to 20.90-21.50 and 22.05-22.25. Buyers can buy above 19.70-19.30 targeting 20.10-20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (April 2014) on Thursday made an intra‐day high of US$101.68/bbl and made an intraday low of US$100.02/bbl and settled up by 1.027% at US$100.31/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 100.40-101.00 with target of 98.90-97.80 and 96.60; upside breakage of 101.20 will lead to 101.70-102.90. Buy above 101.00-99.80, targeting 101.70-102.80; stop loss 1-hour below 99.20. Breakage below 99.20 will call for 98.80-97.20 and 96.60.


EUR/USD on Thursday made an intra‐day low of US$1.3728/EUR and made an intraday high of US$1.3797/EUR and settled the day down by 0.320% at US$1.3740/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740-1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 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$1.6551/GBP and made an intraday high of US$1.6647/GBP and settled the day up by 0.180% at US$1.6602/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6560-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Thursday an intra‐day low of JPY101.82/USD and made an intraday high of JPY 102.47/USD and settled the day 0.353% down at JPY 101.92/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10-101.20, 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/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

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