IKON FINANCE Forex Analysis (May)

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Thu May 16, 2013 7:10 am

May 16, 2013

Gold (spot)closed downonWednesdaymade its intraday highof US$1,430.89/ounce beforesetting intraday low of US$1,389.48/ounce. Gold went down by2.28%at US$1,393.03/ounce
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1398-1411; targeting 1385-1374 and 1380, upside breakage of 1420 will lead to1434-1445 and 1454-1464. Buy on dips at 1374-1382with strict stop loss below 13671-hourly closing; targeting 1398-1411 and 1420-1436.


Silver (spot) closed downon Wednesdaymade its intraday highof US$23.50/ounceaftersetting intraday lowof US$22.52/ounce. Silver settled 3.47%downat US$22.60/ounce.
Trading Strategy: Neutral
Short positions at 22.90-23.65with stop above 24.05; targeting 22.30-21.90, upside breakout of 24.05will open the way to24.25-24.60 and 24.90-25.10.Buyers can buy above 21.90,targeting 22.70-23.05 and 23.65-24.25.


Crude futures (June 2013) on Wednesday made an intra‐day high of US$94.44/bbl and made an intraday low of US$92.12/bbl and settled up by 0.10%at US$94.30/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 94.40-95.70, targeting 93.80-93.10. Stop loss with four-hour closing above 97.05.


EUR/USD on Wednesday made an intra‐day low ofUS$1.2842/EUR and made an intraday high of US$1.2941/EUR and settled the day 0.255%downat US$1.2885/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2920-1.2960 targeting 1.2870-1.2800 and stop-loss with four-hour closing at 1.3155 might be appropriate; whereas, buying can be done above 1.2800-1.2840 targeting 1.3060-1.3120 and 1.3170-1.3190and stop-loss with four-hour closing below 1.2740.


GBP/USD on Wednesday made an intra‐day low of US$1.5207/GBP and made an intraday high of US$1.5271/GBP and settled the day upby0.157% at US$1.5231/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is can be done 1.5200-1.5150 targeting 1.5270-1.5350 and 1.5410; stop-loss with four-hour closing below 1.5100; whereas, selling the pair below 1.5270-1.5350 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5410.


USD/JPY on Wednesday an intra‐day low of JPY101.85/USD and made an intraday high of JPY102.75/USD and settled the day 0.014% down at JPY102.22/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair 101.30-101.50targeting 102.50-103.10and stop-loss with four-hour closing below 99.80.

http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Fri May 17, 2013 6:56 am

May 17, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,398.10/ounce before setting intraday low of US$1,369.53/ounce. Gold went down by 0.556% at US$1,385.51/ounce.
Trading Strategy: Neutral to Sell on Strength
Spot gold may move sideways in a range of 1,369-1,387 per ounce for a session before either edging up to 1,398 or falling more to 1,350. Sell at strength at 1387-1498; targeting 1374-1369 and 1361, upside breakage of 1400 will lead to 1411-1420 and 1434-1445. Buy on dips at 1361-1369 with strict stop loss below 1350 1-hourly closing; targeting 1387 and 1398-1411.


Silver (spot) closed up on Thursday made its intraday high of US$22.81/ounce after setting intraday low of US$22.11/ounce. Silver settled 0.398% up at US$22.67/ounce.
Trading Strategy: Neutral
Short positions at 22.90-23.65 with stop above 24.05; targeting 22.30-21.90, upside breakout of 24.05 will open the way to 24.25-24.60 and 24.90-25.10. Buyers can buy above 21.90, targeting 22.70-23.05 and 23.65-24.25.


Crude futures (June 2013) on Thursday made an intra‐day high of US$95.54/bbl and made an intraday low of US$93.25/bbl and settled up by 0.911% at US$95.18/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 94.90-95.70, targeting 93.80-93.10. Stop loss with four-hour closing above 97.05.


EUR/USD on Thursday made an intra‐day low of US$1.2842/EUR and made an intraday high of US$1.2941/EUR and settled the day 0.255% down at US$1.2885/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2920-1.2960 targeting 1.2870-1.2800 and stop-loss with four-hour closing at 1.3155 might be appropriate; whereas, buying can be done above 1.2800-1.2840 targeting 1.3060-1.3120 and 1.3170-1.3190 and stop-loss with four-hour closing below 1.2740.


GBP/USD on Thursday made an intra‐day low of US$1.5266/GBP and made an intraday high of US$1.5321/GBP and settled the day up by 0.223% at US$1.5266/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is can be done 1.5200-1.5150 targeting 1.5270-1.5350 and 1.5410; stop-loss with four-hour closing below 1.5100; whereas, selling the pair below 1.5270-1.5350 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5410.


USD/JPY on Thursday an intra‐day low of JPY101.82/USD and made an intraday high of JPY 102.67/USD and settled the day 0.009% up at JPY102.24/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair 101.30-101.50 targeting 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Mon May 20, 2013 5:10 am

May 20, 2013

Gold (spot) closed down on Friday made its intraday high of US$1,392.89/ounce before setting intraday low of US$1,355.16/ounce. Gold went down by 1.903% at US$1,359.94/ounce.
Trading Strategy: Neutral to Sell on Strength
Spot gold is expected to end its current weak rebound below resistance at 1,362 and then resume its drop towards 1,321. Sell at strength at 1355-1362; targeting 1374-1369 and 1361, upside breakage of 1362 will lead to 1370-1383 and 1388-1398. Buy on dips at 1305-1321 with strict stop loss below 1280 1-hourly closing; targeting 1362-1379 and 1388-1398.


Silver (spot) closed down on Friday made its intraday high of US$22.79/ounce after setting intraday low of US$22.16/ounce. Silver settled 1.756% down at US$22.23/ounce.
Trading Strategy: Neutral
Short positions at 21.85-22.25 with stop above 23.00; targeting 20.50-20.10 and 19.80, upside breakout of 23.00 will open the way to 23.65-24.25 and 24.60-24.90. Buyers can buy above 20.10-20.50, targeting 21.85-22.20 and 22.70-23.05.


Crude futures (June 2013) on Friday made an intra‐day high of US$96.42/bbl and made an intraday low of US$94.72/bbl and settled up by 0.77% at US$95.89/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 95.70-96.75, targeting 93.80-93.10. Stop loss with four-hour closing above 97.05.


EUR/USD on Friday made an intra‐day low of US$1.2795/EUR and made an intraday high of US$1.2888/EUR and settled the day 0.344% down at US$1.2836/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2900-1.2960 targeting 1.2870-1.2800 and stop-loss with four-hour closing at 1.3040 might be appropriate; whereas, buying can be done above 1.2800-1.2840 targeting 1.3060-1.3120 and 1.3170-1.3190 and stop-loss with four-hour closing below 1.2740.


GBP/USD on Friday made an intra‐day low of US$1.5156/GBP and made an intraday high of US$1.5281/GBP and settled the day down by 0.661% at US$1.5165/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is can be done 1.5200-1.5150 targeting 1.5270-1.5350 and 1.5410; stop-loss with four-hour closing below 1.5100; whereas, selling the pair below 1.5270-1.5350 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5410.


USD/JPY on Friday an intra‐day low of JPY102.07/USD and made an intraday high of JPY 103.29/USD and settled the day 0.919% up at JPY103.18/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair 101.30-101.50 targeting 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Tue May 21, 2013 7:22 am

May 21, 2013

Gold (spot) closed up on Monday made its intraday high of US$1,399.60/ounce before setting intraday low of US$1,338.04/ounce. Gold went up by 2.192% at US$1,393.35/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1400-1411; targeting 1382-1374 and 1369-1361, upside breakage of 1420 will lead to 1434-1445 and 1455-1469. Buy on dips at 1382-1369 with strict stop loss below 1363 1-hourly closing; targeting 1398-1405 and 1411-1420.


Silver (spot) closed up on Monday made its intraday high of US$23.15/ounce after setting intraday low of US$20.14/ounce. Silver settled 2.60% up at US$22.88/ounce.
Trading Strategy: Neutral
Short positions at 22.90-23.80 with stop above 24.20; targeting 22.65-22.05 and 21.80-21.50, upside breakout of 24.20 will open the way to 24.60-24.90. Buyers can buy above 21.90-22.20, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.0.


Crude futures (June 2013) on Monday made an intra‐day high of US$97.06/bbl and made an intraday low of US$95.19/bbl and settled up by 0.709% at US$96.58/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 97.05-97.90, targeting 95.70-94.60 and 93.80-93.10. Stop loss with four-hour closing above 98.40.


EUR/USD on Monday made an intra‐day low of US$1.2818/EUR and made an intraday high of US$1.2899/EUR and settled the day 0.311% up at US$1.2881/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2900-1.2960 targeting 1.2870-1.2800 and stop-loss with four-hour closing at 1.3040 might be appropriate; whereas, buying can be done above 1.2800-1.2840 targeting 1.3060-1.3120 and 1.3170-1.3190 and stop-loss with four-hour closing below 1.2740.


GBP/USD on Monday made an intra‐day low of US$1.5165/GBP and made an intraday high of US$1.5280/GBP and settled the day up by 0.427% at US$1.5254/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is can be done 1.5200-1.5150 targeting 1.5270-1.5350 and 1.5410; stop-loss with four-hour closing below 1.5100; whereas, selling the pair below 1.5270-1.5350 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5410.


USD/JPY on Monday an intra‐day low of JPY101.95/USD and made an intraday high of JPY 102.93/USD and settled the day 0.467% down at JPY102.93/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair 101.30-101.50 targeting 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Wed May 22, 2013 6:36 am

May 22, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,401.40/ounce before setting intraday low of US$1,359.61/ounce. Gold went down by 1.303% at US$1,375.88/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1388-1400; targeting 1382-1374 and 1369-1361, upside breakage of 1405 will lead to 1411-1420 and 1434-1445. Buy on dips at 1369-1358 with strict stop loss below 1350 1-hourly closing; targeting 1381-1388 and 1398-1405.


Silver (spot) closed down Tuesday made its intraday high of US$22.94/ounce after setting intraday low of US$22.07/ounce. Silver settled 2.26% down at US$22.41/ounce.
Trading Strategy: Neutral
Short positions at 22.90-23.80 with stop above 24.20; targeting 22.65-22.05 and 21.80-21.50, upside breakout of 24.20 will open the way to 24.60-24.90. Buyers can buy above 21.90-22.20, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.0.


Crude futures (June 2013) on Tuesday made an intra‐day high of US$97.21/bbl and made an intraday low of US$95.71/bbl and settled down by 0.98% at US$95.93/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 96.30-97.05, targeting 95.70-94.60 and 93.80-93.10. Stop loss with four-hour closing above 97.90. Buy above 95, using a stop loss of 94.60, targeting 96.30-97.05.


EUR/USD on Tuesday made an intra‐day low of US$1.2840/EUR and made an intraday high of US$1.2905/EUR and settled the day 0.186% up at US$1.2905/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2940-1.2960 targeting 1.2870-1.2800 and stop-loss with four-hour closing at 1.3040 might be appropriate; whereas, buying can be done above 1.2800-1.2840 targeting 1.3060-1.3120 and 1.3170-1.3190 and stop-loss with four-hour closing below 1.2740.


GBP/USD on Tuesday made an intra‐day low of US$1.5116/GBP and made an intraday high of US$1.5275/GBP and settled the day down by 0.668% at US$1.5151/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is buying can be done 1.5070-1.5100 targeting 1.5270-1.5350 and 1.5410; stop-loss with four-hour closing below 1.500; whereas, selling the pair below 1.5200-1.5270 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5350.


USD/JPY on Tuesday an intra‐day low of JPY102.06/USD and made an intraday high of JPY 102.87/USD and settled the day 0.215% up at JPY102.45/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair 101.50-102.100 targeting 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Thu May 23, 2013 6:37 am

May 23, 2013

Gold (spot) closed down on Wednesday made its intraday high of US$1,414.45/ounce before setting intraday low of US$1,354.26/ounce. Gold went down by 0.457% at US$1,369.40/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1379-1388; targeting 1369-1361 and 1354-1336, upside breakage of 1405 will lead to 1411-1420 and 1434-1445. Buy on dips at 1354-1361 with strict stop loss below 1350 1-hourly closing; targeting 1381-1388 and 1398-1405.


Silver (spot) closed down Wednesday made its intraday high of US$23.30/ounce after setting intraday low of US$22.26/ounce. Silver settled 0.536% down at US$22.26/ounce.
Trading Strategy: Neutral
Short positions at 22.90-23.80 with stop above 24.20; targeting 22.65-22.05 and 21.80-21.50, upside breakout of 24.20 will open the way to 24.60-24.90. Buyers can buy above 21.90-22.20, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.0.


Crude futures (June 2013) on Wednesday made an intra‐day high of US$96.17/bbl and made an intraday low of US$94.00/bbl and settled down by 1.85% at US$94.12/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 94.60-95.70, targeting 93.80-93.10 and 92.60. Stop loss with four-hour closing above 97.05. Buy above 93.40, using a stop loss of 92.60, targeting 96.30-97.05.


EUR/USD on Wednesday made an intra‐day low of US$1.2832/EUR and made an intraday high of US$1.2997/EUR and settled the day 0.371% down at US$1.2857/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2880-1.2940 targeting 1.2800-1.2740 and stop-loss with four-hour closing at 1.3040 might be appropriate; whereas, buying can be done above 1.2740-1.2800 targeting 1.2950-1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2690.


GBP/USD on Wednesday made an intra‐day low of US$1.5018/GBP and made an intraday high of US$1.5172/GBP and settled the day down by 0.692% at US$1.5047/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is buying can be done 1.4950-1.5010 targeting 1.5105-1.5270 and 1.5350; stop-loss with four-hour closing below 1.4900; whereas, selling the pair below 1.5105-1.5200 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5210.


USD/JPY on Tuesday an intra‐day low of JPY102.34/USD and made an intraday high of JPY 103.72/USD and settled the day 0.663% up at JPY103.14/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair 101.50-102.100 targeting 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Fri May 24, 2013 4:36 am

May 24, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,398.05/ounce before setting intraday low of US$1,356.60/ounce. Gold went up by 1.633% at US$1,390.65/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1398-1408; targeting 1384-1374 and 1369-1361, upside breakage of 1414 will lead to 1420-1426 and 1434-1445. Buy on dips at 1369-1381 with strict stop loss below 1360 1-hourly closing; targeting 1398-1405 and 1414-1420; break below 1353 will call for 1341-1336 and 1321.


Silver (spot) closed up Thursday made its intraday high of US$22.68/ounce after setting intraday low of US$21.97/ounce. Silver settled 1.574% up at US$22.58/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 22.90-23.80 with stop above 24.20; targeting 22.35-22.05 and 21.80-21.50, upside breakout of 24.20 will open the way to 24.60-24.90. Buyers can buy above 21.90-22.10, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.0.


Crude futures (June 2013) on Thursday made an intra‐day high of US$94.43/bbl and made an intraday low of US$92.20/bbl and settled down by 0.297% at US$94.41/bbl on session close.
Trading Strategy: Neutral to Sell
Based on today’s market, we prefer to short oil below 94.60-95.70, targeting 93.80-93.10 and 92.60. Stop loss with four-hour closing above 97.05. Buy above 92.90-93.40, using a stop loss of 92.40, targeting 96.30-97.05.


EUR/USD on Thursday made an intra‐day low of US$1.2820/EUR and made an intraday high of US$1.2955/EUR and settled the day 0.519% up at US$1.2932/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2940-1.3040 targeting 1.2880-1.2740 and stop-loss with four-hour closing at 1.3060 might be appropriate; whereas, buying can be done above 1.2740-1.2800 targeting 1.2950-1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2690.


GBP/USD on Thursday made an intra‐day low of US$1.5127/GBP and made an intraday high of US$1.5127/GBP and settled the day up by 0.378% at US$1.5104/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is buying can be done 1.4950-1.5010 targeting 1.5105-1.5270 and 1.5350; stop-loss with four-hour closing below 1.4900; whereas, selling the pair below 1.5105-1.5200 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5210.


USD/JPY on Thursday an intra‐day low of JPY102.00/USD and made an intraday high of JPY 103.56/USD and settled the day 1.104% up at JPY102.00/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair 101.50-102.100 targeting 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Mon May 27, 2013 4:08 am

May 27, 2013

Gold (spot) closed down on Friday made its intraday high of US$1,398.05/ounce before setting intraday low of US$1,382.31/ounce. Gold went down by 0.329% at US$1,386.15/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1394-1405; targeting 1384-1374 and 1369-1361, upside breakage of 1414 will lead to 1420-1426 and 1434-1445. Buy on dips at 1369-1381 with strict stop loss below 1360 1-hourly closing; targeting 1398-1405 and 1414-1420; break below 1353 will call for 1341-1336 and 1321.


Silver (spot) closed down Friday made its intraday high of US$22.64/ounce before setting intraday low of US$22.32/ounce. Silver settled 0.886% down at US$22.37/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 22.80-23.40 with stop above 23.80; targeting 22.35-22.05 and 21.80-21.50, upside breakout of 23.80 will open the way to 24.20 and 24.60-24.90. Buyers can buy above 21.90-22.10, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.0.


Crude futures (June 2013) on Friday made an intra‐day high of US$94.38/bbl and made an intraday low of US$93.03/bbl and settled down by 0.540% at US$93.83/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to short oil below 93.80-94.60, targeting 93.80-93.10 and 92.60. Stop loss with four-hour closing above 95.80. Buy above 92.30-93.10, using a stop loss of 91.50, targeting 94.60-95.70 and 96.30-97.05.


EUR/USD on Friday made an intra‐day low of US$1.2903/EUR and made an intraday high of US$1.2992/EUR and settled the day 0.032% down at US$1.2928/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2950-1.3040 targeting 1.2880-1.2740 and stop-loss with four-hour closing at 1.3060 might be appropriate; whereas, buying can be done above 1.2740-1.2800 targeting 1.2950-1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2690.


GBP/USD on Friday made an intra‐day low of US$1.5062/GBP and made an intraday high of US$1.5141/GBP and settled the day up by 0.125% at US$1.5123/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, might trade in the range of 1.5080-1.5140. Upside penetration might call for 1.5200, while a downward breakage might call for 1.5010. In our opinion is buying can be done 1.5030-1.5090 targeting 1.5170-1.5270 and 1.5350; stop-loss with four-hour closing below 1.500; whereas, selling the pair below 1.5170-1.5230 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5300.


USD/JPY on Friday an intra‐day low of JPY100.65/USD and made an intraday high of JPY 102.57/USD and settled the day 0.715% down at JPY101.26/USD on session close.
Trading Strategy: Neutral
Based on today’s market, might trade in the range of 100.50-101.50. Upside penetration might call for 102, while a downward breakage might call for 99.80. In our opinion buying can be done 99.90-100.50 targeting 101.50-101.90 and 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Tue May 28, 2013 6:52 am

May 28, 2013

Gold (spot) closed upon Monday made its intraday highof US$1,396.60/ounce after setting intraday low of US$1,384.39/ounce. Gold went up by 0.543%at US$1,394.55/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1394-1405; targeting 1384-1374 and 1369-1361, upside breakage of 1414 will lead to 1420-1426 and 1434-1445. Buy on dips at 1369-1381 with strict stop loss below 1360 1-hourly closing; targeting 1398-1405 and 1414-1420; break below 1353 will call for 1341-1336 and 1321.


Silver (spot) closed up Monday made its intraday high of US$22.76/ounce after setting intraday low of US$22.32/ounce. Silver settled 1.211%upat US$22.66/ounce.
Trading Strategy: Neutral to Sell on Strength
Short positions at 22.80-23.40 with stop above 23.80; targeting 22.35-22.05 and 21.80-21.50, upside breakout of 23.80 will open the way to 24.20 and 24.60-24.90. Buyers can buy above 21.90-22.10, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.0.


Crude futures (June 2013) on Monday made an intra‐day high of US$93.88/bbl and made an intraday low of US$93.22/bbl and settled down by 0.245% at US$93.64/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to short oil below 93.80-94.60, targeting 93.80-93.10 and 92.60. Stop loss with four-hour closing above 95.80. Buy above 92.30-93.10, using a stop loss of 91.50, targeting 94.60-95.70 and 96.30-97.05.


EUR/USD on Monday made an intra-day low ofUS$1.2914/EUR and made an intraday high of US$1.2947/EUR and settled the day 0.030% down at US$1.2927/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2950-1.3040 targeting 1.2880-1.2740 and stop-loss with four-hour closing at 1.3060 might be appropriate; whereas, buying can be done above 1.2740-1.2800 targeting 1.2950-1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2690.


GBP/USD on Monday made an intra‐day low of US$1.5085/GBP and made an intraday high of US$1.555/GBP and settled the day up by 0.231% at US$1.5096/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, might trade in the range of 1.5080-1.5140. Upside penetration might call for 1.5200, while a downward breakage might call for 1.5010. In our opinion is buying can be done 1.5030-1.5090 targeting 1.5170-1.5270 and 1.5350; stop-loss with four-hour closing below 1.500; whereas, selling the pair below 1.5170-1.5230 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5300.


USD/JPY on Monday made an intra‐day low ofJPY100.73/USD and made an intraday high of JPY101.28/USD and settled the day 0.063% down at JPY100.94/USD on session close.
Trading Strategy: Neutral
Based on today’s market, might trade in the range of 100.50-101.50. Upside penetration might call for 102, while a downward breakage might call for 99.80. In our opinion buying can be done 99.90-100.50 targeting 101.50-101.90 and 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: IKON FINANCE Forex Analysis (May)

Postby Ajawed » Wed May 29, 2013 7:03 am

May 29, 2013

Gold (spot) closed up on Tuesday made its intraday high of US$1,401.94/ounce after setting intraday low of US$1,373.58/ounce. Gold went down by 0.975% at US$1,380.62/ounce.
Trading Strategy: Neutral to Sell on Strength
Sell at strength at 1394-1405; targeting 1384-1374 and 1369-1361, upside breakage of 1414 will lead to 1420-1426 and 1434-1445. Buy on dips at 1363-1374 with strict stop loss below 1360 1-hourly closing; targeting 1398-1405 and 1414-1420; break below 1353 will call for 1341-1336 and 1321.


Silver (spot) closed up Tuesday made its intraday high of US$22.65/ounce after setting intraday low of US$22.17/ounce. Silver settled 1.191% down at US$22.33/ounce.
Trading Strategy: Neutral to Sell on Strength
Might trade in the range of 22.05-22.85; upside penetration might call for 23.20, while a downward breakage might call for 21.80.Short positions at 22.60-23.20 with stop above 23.80; targeting 22.35-22.05 and 21.80-21.50, upside breakout of 23.80 will open the way to 24.20 and 24.60-24.90. Buyers can buy above 21.90-22.10, targeting 23.05-23.85 and 24.20-24.60 with risk below 21.0.


Crude futures (June 2013) on Tuesday made an intra‐day high of US$95.90/bbl and made an intraday low of US$93.52/bbl and settled up by 1.56% at US$95.04/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, we prefer to short oil below 95.30-95.90, targeting 93.80-93.10 and 92.60. Stop loss with four-hour closing above 96.60. Buy above 93.10-94.05, using a stop loss of 92.60, targeting 94.60-95.70 and 96.30-97.05.


EUR/USD on Tuesday made an intra‐day low of US$1.2848/EUR and made an intraday high of US$1.2848/EUR and settled the day 0.564% down at US$1.2854/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair below 1.2880-1.2950 targeting 1.2740-1.2680 and stop-loss with four-hour closing at 1.3060 might be appropriate; whereas, buying can be done above 1.2740-1.2800 targeting 1.2950-1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2680.


GBP/USD on Tuesday made an intra‐day low of US$1.5037/GBP and made an intraday high of US$1.5134/GBP and settled the day down by 0.390% at US$1.5037/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, in our opinion is buying can be done 1.4975-1.5010 targeting 1.5080-1.5170 and 1.5270; stop-loss with four-hour closing below 1.4960; whereas, selling the pair below 1.5080-1.5170 targeting 1.5190-1.5150 and stop-loss at four-hour closing above 1.5300.


USD/JPY on Tuesday an intra‐day low of JPY100.90/USD and made an intraday high of JPY 102.49/USD and settled the day 1.39% up at JPY102.35/USD on session close.
Trading Strategy: Neutral
Based on today’s market, in our opinion buying can be done 100.90-101.50 targeting 101.90 and 102.50-103.10 and stop-loss with four-hour closing below 99.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

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