IKON FINANCE Forex Analysis (August)

Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Tue Aug 20, 2013 6:04 am

August 20, 2013

Gold (spot) closed down on Monday made its intraday high of US$1,384.35/ounce before setting intraday low of US$1,362.17/ounce. Gold went down by 0.862%at US$1,365.25/ounce.
Trading Strategy: Neutral
Sell at strength at 1367-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346with strict stop loss below 13381-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.


Silver (spot) closed upon Friday made its intraday high of US$23.40/ounce after setting intraday low of US$22.77/ounce. Silver settled 1.308% up at US$23.22/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 22.95-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to24.40-24.90.


Crude futures (July 2013) on Monday made an intra‐day high of US$107.79/bbl and made an intraday low of US$106.55/bb land settled down by 0.715% at US$106.92/bbl on session close.
Trading Strategy: Neutral
Sell in-between106.90-107.50with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60using a stop loss of 103.20, targeting 106.90 and 107.50-108.90


EUR/USD on Monday made an intra‐day low of US$1.3314/EUR and made an intraday high of US$1.3373/EUR and settled the day 0.002% down at US$1.3333/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can1.3360-1.3410with risk above 1.3430; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.


GBP/USD on Monday made an intra‐day low of US$1.5608/GBP and made an intraday high of US$1.5672/GBP and settled the day up by 0.185% at US$1.5646/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between1.5650-1.5690, stop loss above 1.5760targeting 1.5590-1.5550 and 1.5410-1.5310.Buying can be done above 1.5550-1.5440targeting 1.5650-1.5690; alternatively, a break below1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Monday an intra‐day low of JPY97.35/USD and made an intraday high of JPY98.11/USD and settled the day 0.061% down at JPY97.54/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50.Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20.Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.


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Ajawed
 
Posts: 328
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Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Wed Aug 21, 2013 5:25 am

August 21, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,377.46/ounce before setting intraday low of US$1,352.42/ounce. Gold went down by 0.902% at US$1,370.95/ounce.
Trading Strategy: Neutral
Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.


Silver (spot) closed down on Tuesday made its intraday high of US$23.31/ounce after setting intraday low of US$22.28/ounce. Silver settled 0.733% down at US$23.00/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.


Crude futures (July 2013) on Tuesday made an intra‐day high of US$106.93/bbl and made an intraday low of US$104.63/bbl and settled down by 1.471% at US$105.13/bbl on session close.
Trading Strategy: Neutral
Sell in-between 105.60-106.90 with risk above 107.50; targeting 104.60-104.00 and 103.20. Buy above 104.50-103.60 using a stop loss of 103.20, targeting 105.30-105.90 and 106.90-107.50.


EUR/USD on Tuesday made an intra‐day low of US$1.3322/EUR and made an intraday high of US$1.3451/EUR and settled the day 0.615% down at US$1.3415/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.


GBP/USD on Tuesday made an intra‐day low of US$1.5627/GBP and made an intraday high of US$1.5694/GBP and settled the day up by 0.115% at US$1.5664/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between 1.5690-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5590-1.5550 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Tuesday an intra‐day low of JPY96.90/USD and made an intraday high of JPY 97.85/USD and settled the day 0.276% down at JPY97.25/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.


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Ajawed
 
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Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Thu Aug 22, 2013 5:02 am

August 22, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,377.46/ounce before setting intraday low of US$1,352.42/ounce. Gold went down by 0.902% at US$1,370.95/ounce.
Trading Strategy: Neutral
Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.


Silver (spot) closed down on Wednesday made its intraday high of US$23.26/ounce after setting intraday low of US$22.76/ounce. Silver settled 0.478% down at US$22.87/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.


Crude futures (July 2013) on Wednesday made an intra‐day high of US$105.32/bbl and made an intraday low of US$103.49/bbl and settled down by 1.241% at US$103.83/bbl on session close.
Trading Strategy: Neutral
Sell in-between 104.50-105.60 with risk above 106.90; targeting 103.20-102.20. Buy above 103.20-102.20 using a stop loss of 102.00, targeting 104.50-105.30 and 105.90-106.90.


EUR/USD on Wednesday made an intra‐day low of US$1.3334/EUR and made an intraday high of US$1.3426/EUR and settled the day 0.462% down at US$1.3353/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.


GBP/USD on Wednesday made an intra‐day low of US$1.5636/GBP and made an intraday high of US$1.5714/GBP and settled the day down by 0.044% at US$1.5657/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between 1.5690-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5590-1.5550 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Wednesday an intra‐day low of JPY97.11/USD and made an intraday high of JPY 97.97/USD and settled the day 0.421% down at JPY97.66/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.


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Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Fri Aug 23, 2013 5:09 am

August 23, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,381.54/ounce before setting intraday low of US$1,355.00/ounce. Gold went up by 0.686% at US$1,375.33/ounce.
Trading Strategy: Neutral
Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.


Silver (spot) closed down on Thursday made its intraday high of US$23.32/ounce after setting intraday low of US$22.45/ounce. Silver settled 1.182% down at US$23.10/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.


Crude futures (July 2013) on Thursday made an intra‐day high of US$105.22/bbl and made an intraday low of US$103.52/bbl and settled up by 1.280% at US$105.18/bbl on session close.
Trading Strategy: Neutral
Sell in-between 104.90-105.90 with risk above 106.90; targeting 103.20-102.20. Buy above 103.20-102.20 using a stop loss of 102.00, targeting 104.50-105.30 and 105.90-106.90.


EUR/USD on Thursday made an intra‐day low of US$1.3297/EUR and made an intraday high of US$1.3372/EUR and settled the day 0.014% up at US$1.3354/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.


GBP/USD on Thursday made an intra‐day low of US$1.5636/GBP and made an intraday high of US$1.5664/GBP and settled the day down by 0.477% at US$1.5586/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Thursday an intra‐day low of JPY97.57/USD and made an intraday high of JPY 98.79/USD and settled the day 1.065% up at JPY98.69/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.


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Ajawed
 
Posts: 328
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Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Mon Aug 26, 2013 4:39 am

August 26, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,399.60/ounce after setting intraday low of US$1,368.42/ounce. Gold went up by 1.583% at US$1,397.18/ounce.
Trading Strategy: Neutral
Sell at strength at 1397-1405; targeting 1387-1379 and 1367-1361, upside breakage of 1405 will lead to 1415-1425 and 1435. Buy on dips at 1387-1378 with strict stop loss below 1364 1-hourly closing; targeting 1397-1405 and 1415-1425; break below 1364 will call for 1354-1344.


Silver (spot) closed up on Friday made its intraday high of US$24.09/ounce after setting intraday low of US$22.88/ounce. Silver settled 3.93% up at US$24.05/ounce.
Trading Strategy: Neutral
Short positions at 24.25-24.85 with stop above 25.05; targeting 23.85-23.65 and 23.30-22.80 upside breakout of 25.05 will open the way to 25.90-26.60. Buyers can buy above 23.60-22.90, targeting 23.90-24.25 and 24.55-24.90 with risk below 22.70 hourly closing.


Crude futures (July 2013) on Friday made an intra‐day high of US$106.91/bbl and made an intraday low of US$104.29/bbl and settled up by 1.074% at US$106.32/bbl on session close.
Trading Strategy: Neutral
Sell in-between 106.90-107.50 with risk above 108.20; targeting 106.30-105.30 and 104.50-103.20. Buy above 105.20-105.90 using a stop loss of 103.20, targeting 106.90-107.55 and 108.20-108.90.


EUR/USD on Friday made an intra‐day low of US$1.3332/EUR and made an intraday high of US$1.3408/EUR and settled the day 0.194% up at US$1.3380/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.


GBP/USD on Friday made an intra‐day low of US$1.5537/GBP and made an intraday high of US$1.5636/GBP and settled the day down by 0.121% at US$1.5567/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Friday an intra‐day low of JPY98.38/USD and made an intraday high of JPY 99.14/USD and settled the day 0.010% down at JPY98.70/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.


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[/url]
Ajawed
 
Posts: 328
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Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Tue Aug 27, 2013 4:24 am

August 27, 2013

Gold (spot) closed up on Monday made its intraday high of US$1,406.83/ounce before setting intraday low of US$1,389.26/ounce. Gold went up by 0.475% at US$1,404.15/ounce.
Trading Strategy: Neutral
Sell at strength at 1405-1415; targeting 1387-1379 and 1367-1361, upside breakage of 1415 will lead to 1425-1435. Buy on dips at 1387-1378 with strict stop loss below 1364 1-hourly closing; targeting 1397-1405 and 1415-1425; break below 1364 will call for 1354-1344.


Silver (spot) closed up on Monday made its intraday high of US$24.41/ounce after setting intraday low of US$23.79/ounce. Silver settled 1.081% up at US$24.29/ounce.
Trading Strategy: Neutral
Short positions at 24.45-24.85 with stop above 25.05; targeting 23.85-23.65 and 23.30-22.80 upside breakout of 25.05 will open the way to 25.90-26.60. Buyers can buy above 23.60-22.90, targeting 23.90-24.25 and 24.55-24.90 with risk below 22.70 hourly closing.


Crude futures (July 2013) on Monday made an intra‐day high of US$107.32/bbl and made an intraday low of US$105.54/bbl and settled up by 0.720% at US$106.11/bbl on session close.
Trading Strategy: Neutral
Sell in-between 106.90-107.50 with risk above 108.20; targeting 106.30-105.30 and 104.50-103.20. Buy above 105.20-105.90 using a stop loss of 103.20, targeting 106.90-107.55 and 108.20-108.90.


EUR/USD on Monday made an intra‐day low of US$1.3355/EUR and made an intraday high of US$1.3393/EUR and settled the day 0.119% down at US$1.3367/EUR on session close.
Trading Strategy: Neutral
Based on today’s markets, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.


GBP/USD on Monday made an intra‐day low of US$1.5555/GBP and made an intraday high of US$1.5611/GBP and settled the day up by 0.077% at US$1.5574/GBP on session close.
Trading Strategy: Neutral
Based on today’s markets, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Monday an intra‐day low of JPY98.26/USD and made an intraday high of JPY 98.83/USD and settled the day 0.050% down at JPY98.50/USD on session close.
Trading Strategy: Neutral
Based on today’s markets, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.


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Ajawed
 
Posts: 328
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Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Wed Aug 28, 2013 7:58 am

August 28, 2013

Gold (spot) closed up on Tuesday made its intraday high of US$1,423.40/ounce before setting intraday low of US$1,395.66/ounce. Gold went up by 0.754% at US$1,415.00/ounce.
Trading Strategy: Neutral
Buy on dips at 1415-1400 with strict stop loss below 1389 1-hourly closing; targeting 1333-1340 and 1454; break below 1389 will call for 1379-1367. Sell at strength at 1430-1439; targeting 1415-1400 and 1387-1379, upside breakage of 1444 will lead to 1454-1460.


Silver (spot) closed up on Tuesday made its intraday high of US$24.70/ounce after setting intraday low of US$23.98/ounce. Silver settled 0.441% up at US$24.43/ounce.
Trading Strategy: Neutral
Short positions at 25.05-25.40 with stop above 25.45; targeting 24.852-24.55 and 24.25-23.85 upside breakout of 25.45 will open the way to 25.90-26.60. Buyers can buy above 24.15-24.45, targeting 24.90-25.25 and 25.45-24.90 with risk below 23.70 hourly closing.


Crude futures (July 2013) on Tuesday made an intra‐day high of US$109.30/bbl and made an intraday low of US$105.87/bbl and settled up by 2.74% at US$109.05/bbl on session close.
Trading Strategy: Neutral
Sell in-between 112.50-113.90 with risk above 114.10; targeting 110.85-109.45 and 108.90-108.20. Buy above 109.70-110.90 using a stop loss of 108.80, targeting 111.90-112.50 and 113.20-114.00.


EUR/USD on Tuesday made an intra‐day low of US$1.3321/EUR and made an intraday high of US$1.3398/EUR and settled the day 0.179% up at US$1.3391/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.


GBP/USD on Tuesday made an intra‐day low of US$1.5480/GBP and made an intraday high of US$1.5591/GBP and settled the day up by 0.186% at US$1.5544/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Tuesday an intra‐day low of JPY98.49/USD and made an intraday high of JPY 98.52/USD and settled the day 1.50% down at JPY97.01/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.60-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

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Ajawed
 
Posts: 328
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Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Thu Aug 29, 2013 6:39 am

August 29, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,433.50/ounce before setting intraday low of US$1,413.23/ounce. Gold went up by 0.100% at US$1,417.15/ounce.
Trading Strategy: Neutral
Sell at strength at 1415-1424; targeting 1402-1395 and 1387-1374, upside breakage of 1434 will lead to 1440-1448 and 1454-1460. Buy on dips at 1402-1389 with strict stop loss below 1389 1-hourly closing; targeting 1415-1424 and 1433-1340; break below 1389 will call for 1384-1379 and 1374-1367.


Silver (spot) closed down on Wednesday made its intraday high of US$25.11/ounce before setting intraday low of US$24.33/ounce. Silver settled 0.572% up at US$24.33/ounce.
Trading Strategy: Neutral
Short positions at 24.50-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.


Crude futures (July 2013) on Wednesday made an intra‐day high of US$109.47/bbl and made an intraday low of US$109.10/bbl and settled up by 0.247% at US$109.47/bbl on session close.
Trading Strategy: Neutral
Sell in-between 109.80-110.90 with risk above 112.30; targeting 110.85-109.45 and 108.90-108.20. Buy above 107.50-108.20 using a stop loss of 106.90, targeting 109.80-110.80 and 111.90-112.50.


EUR/USD on Wednesday made an intra‐day low of US$1.3304/EUR and made an intraday high of US$1.3396/EUR and settled the day 0.395% up at US$1.3380/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3270-1.3210 targeting 1.3350-1.3390 and 1.3420-1.3490 with stop-loss with four-hour closing below 1.3190. Selling can 1.3350-1.3420 with risk above 1.3450; targeting 1.3310 and 1.3240-1.3170; alternatively, break above 1.3460 might call for 1.3520-1.3550.


GBP/USD on Wednesday made an intra‐day low of US$1.5427/GBP and made an intraday high of US$1.5551/GBP and settled the day down by 0.135% at US$1.5523/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Wednesday an intra‐day low of JPY96.80/USD and made an intraday high of JPY 97.82/USD and settled the day 0.639% up at JPY97.62/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.


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

Re: IKON FINANCE Forex Analysis (August)

Postby Ajawed » Fri Aug 30, 2013 7:42 am

August 30, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,418.35/ounce before setting intraday low of US$1,412.20/ounce. Gold went down by 0.718% at US$1,407.30/ounce.
Trading Strategy: Neutral
Sell at strength at 1415-1424; targeting 1402-1395 and 1387-1374, upside breakage of 1434 will lead to 1440-1448 and 1454-1460. Buy on dips at 1402-1389 with strict stop loss below 1389 1-hourly closing; targeting 1415-1424 and 1433-1340; break below 1389 will call for 1384-1379 and 1374-1367.


Silver (spot) closed down on Thursday made its intraday high of US$24.42/ounce before setting intraday low of US$23.65/ounce. Silver settled 2.13% down at US$23.84/ounce.
Trading Strategy: Neutral
Short positions at 24.20-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.


Crude futures (Oct 2013) on Thursday made an intra‐day high of US$110.01/bbl and made an intraday low of US$107.71/bbl and settled down by 1.214% at US$108.16/bbl on session close.
Trading Strategy: Neutral
Sell in-between 108.20-109.80 with risk above 110.90; targeting 107.50-106.90 and 106.40-105.70. Buy above 105.70-106.40 using a stop loss of 104.50, targeting 108.20-108.90 and 109.80-110.80.


EUR/USD on Thursday made an intra‐day low of US$1.3218/EUR and made an intraday high of US$1.3342/EUR and settled the day 0.742% down at US$1.3239/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3290-1.3350 and 1.3390-1.3420 with stop-loss with four-hour closing below 1.3170. Selling can 1.3290-1.3350 with risk above 1.3420; targeting 1.3310 and 1.3240-1.3170; alternatively, break above 1.3420 might call for 1.3460-1.3490 and 1.3520-1.3550.


GBP/USD on Thursday made an intra‐day low of US$1.5481/GBP and made an intraday high of US$1.5547/GBP and settled the day down by 0.135% at US$1.5502/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.


USD/JPY on Thursday an intra‐day low of JPY96.80/USD and made an intraday high of JPY 97.82/USD and settled the day 0.639% up at JPY97.62/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.50-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

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

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