Ikon Finance Daily Forex Analysis (November)

Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Fri Nov 01, 2013 5:05 am

November 1, 2013

Gold (spot) closed down on Thursday and made its intraday highof US$1342.95/ounce after setting intraday low of US$1318.96/ounce. Gold went down by 0.139% at US$1322.86/ounce.
Trading Strategy: Neutral
Sell on strength 1331-1342 targeting 1324-1318 and 1309-1301, upside breakage of 1364 will lead to 1374-1380. Buy on dips at 1318-1320 with strict stop loss below 13181 hourly closing targeting 1342-1354 and 1364-1374 break below 1318 will call for 1309-1301.


Silver (spot) closed down on Thursday made its intraday high of US$22.67/ounce after setting intraday low of US$21.74/ounce. Silver settled 3.353% down at US$21.90/ounce.
Trading Strategy: Neutral
Sell on Strength at 22.35-22.75 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 21.60-21.90 targeting 22.75-23.40 and 23.90 with risk below 21.60 hourly closing.


Crude futures (Oct 2013) on Thursday made an intraday high of US$97.01/bbl and made an intraday low of US$96.02/bbl and settled down by 0.372% at US$96.24/bbl on session close.
Trading Strategy: Neutral
Buy in between 96.05-95.00 with risk below 94.95 hourly closing targeting 98.20-98.70 and 99.60-100.20. Breakage below 94.95 will call for 94.10-93.00. Sell in between 96.90-98.70 with risk above 98.70 targeting 96.50-95.80 and 94.95 upside breakage of 98.70 will lead to 100.80-101.90 and 102.80.


EUR/USD on Wednesday made an intraday low of US$1.3694/EUR and made an intraday high of US$1.3784/EUR and settled the day down by 0.065% at US$1.3736/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.3700 targeting 1.3800-1.3835 then 1.3910 and stop loss at four hour closing below 1.3650.


GBP/USD on Wednesday made an intraday low of US$1.5997/GBP and made an intraday high of US$1.6077/GBP and settled the day down by 0.063% at US$1.6034/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, buying above 1.6000 targeting 1.6250-1.6305 with stop loss four hour closing below 1.6000 breakage below 1.6000 targeting 1.5900-1.5820. Selling can be done between 1.6160-1.6250 with risk above 1.6305 targeting 1.6100-1.6055 and 1.5950.


USD/JPY on Wednesday an intraday low of JPY98.04/USD and made an intraday high of JPY98.66/USD and settled the day 0.244% up at JPY98.43/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.30-98.90, using a stop loss of 99.90, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80. Buy above 96.90-96.00, using a stop loss of below 95.70, targeting 97.50-98.50 and 98.90-99.90.


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

Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Mon Nov 04, 2013 6:20 am

November 4, 2013

Gold (spot) closed down on Friday and made its intraday high of US$1327.17/ounce after setting intraday low of US$1305.82/ounce. Gold went down by 0.477% at US$1315.98/ounce.
Trading Strategy: Neutral
Sell on strength 1321-1336 targeting 1307-1301 and 1294-1280, upside breakage of 1344 will lead to 1361-1374. Buy on dips at 1307-1294 with strict stop loss below 12891-hourly closing targeting 1321-1336 and 1344-1361 break below 1289 will call for 1280-1274.

Silver (spot) closed down on Friday made its intraday high of US$21.99/ounce after setting intraday low of US$21.69/ounce. Silver settled 0.137% down at US$21.86/ounce.
Trading Strategy: Neutral
Sell on Strength at 22.05-22.75 with stop above 23.40 targeting 21.65-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 21.60-21.20 targeting 22.05-22.35 and 22.75-23.40 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Friday made an intraday high of US$96.63/bbl and made an intraday low of US$94.35/bbl and settled down by 1.75% at US$94.59/bbl on session close.
Trading Strategy: Neutral to Sell on Strength
Sell in between 95.80-96.90 with risk above 98.90 targeting 94.70-94.00 and 93.60-92.60 upside breakage of 98.90 will lead to 99.80-100.80. Buy in between 94.00-94.80 with risk below 94.00 hourly closing targeting 95.80-96.90 and 97.70-98.90. Breakage below 94.00 will call for 93.60-92.60 and 91.90.


EUR/USD on Friday made an intraday low of US$1.3479/EUR and made an intraday high of US$1.3588/EUR and settled the day down by 0.750% at US$1.3485/EUR on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, sell on strength 1.3530-1.3660 targeting 1.3450-1.3390 and stop loss at four hour closing above 1.3710.


GBP/USD on Friday made an intraday low of US$1.5907/GBP and made an intraday high of US$1.6045/GBP and settled the day down by 0.723% at US$1.5924/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done between 1.5990-1.6160 with risk above 1.6250 targeting 1.5950-1.5880 and 1.5750.


USD/JPY on Friday an intraday low of JPY97.08/USD and made an intraday high of JPY98.84/USD and settled the day 0.315% up at JPY98.66/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.90-99.90, using a stop loss of 100.20, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80. Buy above 97.60-98.20, using a stop loss of below 96.30, targeting 98.90-99.90 and 100.80.


http://www.ikonfinance.com/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Tue Nov 05, 2013 4:04 am

November 5, 2013

Gold (spot) closed up on Monday and made its intraday high of US$1322.19/ounce after setting intraday low of US$1310.80/ounce. Gold went up by 0.114% at US$1314.41/ounce.
Trading Strategy: Neutral
Sell on strength 1321-1336; targeting 1307-1301 and 1294-1280, upside breakage of 1344 will lead to 1361-1374. Buy on dips at 1307-1294 with strict stop loss below 1289 1-hourly closing; targeting 1321-1336 and 1344-1361; break below 1289 will call for 1280-1274.


Silver (spot) closed down on Monday made its intraday high of US$21.93/ounce after setting intraday low of US$21.59/ounce. Silver settled 0.688% down at US$21.65/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.90-22.35 with stop above 23.40; targeting 21.60-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 21.60-21.20 targeting 22.05-22.35 and 22.75-23.40 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Monday made an intra‐day high of US$95.08/bbl and made an intraday low of US$94.04/bbl and settled down by 0.08% at US$94.44/bbl on session close.
Trading Strategy: Neutral to Sell on Strength
Sell in-between 95.35-96.50 with risk above 97.60; targeting 94.70-94.00 and 93.60-92.60; upside breakage of 97.60 will lead to 98.80 and 99.80-100.80. Buy in between 94.00-94.50 with risk below 94.00 hourly closing; targeting 95.80-96.90 and 97.70-98.90. Breakage below 94.00 will call for 93.60-92.60 and 91.90.


EUR/USD on Monday made an intra‐day low of US$1.3441/EUR and made an intraday high of US$1.3523/EUR and settled the day up by 0.192% at US$1.3512/EUR on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, sell on strength 1.3530-1.3660 targeting 1.3450-1.3390 and stop-loss at four-hour closing above 1.3710.


GBP/USD on Monday made an intra‐day low of US$1.5902/GBP and made an intraday high of US$1.5977/GBP and settled the day down by 0.270% at US$1.5966/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done between 1.5990-1.6160 with risk above 1.6250; targeting 1.5950-1.5880 and 1.5750.


USD/JPY on Monday an intra‐day low of JPY98.52/USD and made an intraday high of JPY 98.83/USD and settled the day 0.222% down at JPY98.59/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.90-99.90, using a stop loss of 100.20, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80. Buy above 97.60-98.20, using a stop loss of below 96.30, targeting 98.90-99.90 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Wed Nov 06, 2013 6:10 am

November 6, 2013

Gold (spot) closed down on Tuesday and made its intraday high of US$1319.87/ounce after setting intraday low of US$1305.92/ounce. Gold went down by 0.151% at US$1311.54/ounce.
Trading Strategy: Neutral
Sell on strength 1321-1336; targeting 1307-1301 and 1294-1280, upside breakage of 1344 will lead to 1361-1374. Buy on dips at 1305-1294 with strict stop loss below 12891-hourly closing; targeting 1321-1336 and 1344-1361; break below 1289 will call for 1280-1274.


Silver (spot) closed upon Tuesday made its intraday high of US$21.78/ounce after setting intraday low of US$21.54/ounce. Silver settled 0.323%up at US$21.70/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.90-22.35 with stop above 23.40; targeting 21.60-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 21.60-21.20 targeting 22.05-22.35 and 22.75-23.40with risk below 20.90 hourly closing


Crude futures (Oct 2013) on Tuesday made an intra‐day high of US$94.89/bbl and made an intraday low of US$93.05/bbl and settled down by 0.804% at US$93.70/bbl on session close.
Trading Strategy: Neutral to Sell on Strength
Sell in-between 94.80-95.95 with risk above 97.60; targeting 94.70-94.00 and 93.60-92.60; upside breakage of 97.60 will lead to 98.80 and 99.80-100.80. Buy in between 91.90-92.60 with risk below 91.90 hourly closing; targeting 94.80-95.80 and 96.90-97.70. Breakage below 91.90 will call for 8893.60-92.60 and 91.90.


EUR/USD on Monday made an intra‐day low of US$1.3441/EUR and made an intraday high of US$1.3523/EUR and settled the day up by 0.192% at US$1.3512/EUR on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, sell on strength 1.3530-1.3660 targeting 1.3450-1.3390 and stop-loss at four-hour closing above 1.3710


GBP/USD on Monday made an intra‐day low of US$1.5902/GBP and made an intraday high of US$1.5977/GBP and settled the day down by 0.270% at US$1.5966/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done between 1.5990-1.6160 with risk above 1.6250; targeting 1.5950-1.5880 and 1.5750.


USD/JPY on Monday an intra‐day low of JPY98.52/USD and made an intraday high of JPY98.83/USD and settled the day 0.222% down at JPY98.59/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.90-99.90, using a stop loss of 100.20, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80.Buy above 97.60-98.20, using a stop loss of below 96.30, targeting 98.90-99.90 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Thu Nov 07, 2013 4:18 am

November 7, 2013

Gold (spot) closed up on Wednesday and made its intraday high of US$1321.96/ounce after setting intraday low of US$1309.01/ounce. Gold went up by 0.498% at US$1317.79/ounce.
Trading Strategy: Neutral
Sell on strength 1321-1336; targeting 1307-1301 and 1294-1280, upside breakage of 1344 will lead to 1361-1374. Buy on dips at 1305-1294 with strict stop loss below 12891-hourly closing; targeting 1321-1336 and 1344-1361; break below 1289 will call for 1280-1274.


Silver (spot) closed upon Wednesday made its intraday high of US$22.05/ounce after setting intraday low of US$21.63/ounce. Silver settled 0.553% up at US$21.80/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.90-22.35 with stop above 23.40; targeting 21.60-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 21.60-21.20 targeting 22.05-22.35 and 22.75-23.40 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intra‐day high of US$95.38/bbl and made an intraday low of US$93.63/bbl and settled up by 1.291% at US$94.93/bbl on session close.
Trading Strategy: Neutral
Sell in-between 95.40-96.80 with risk above 97.60; targeting 94.70-94.00 and 93.60-92.60; upside breakage of 97.60 will lead to 98.80 and 99.80-100.80. Buy in between 92.60-93.10 with risk below 91.90 hourly closing; targeting 94.80-95.80 and 96.90-97.70.


EUR/USD on Wednesday made an intra‐day low of US$1.3466/EUR and made an intraday high of US$1.3546/EUR and settled the day up by 0.282% at US$1.3511/EUR on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, sell on strength 1.3530-1.3660 targeting 1.3450-1.3390 and stop-loss at four-hour closing above 1.3710.


GBP/USD on Wednesday made an intra‐day low of US$1.6040/GBP and made an intraday high of US$1.6116/GBP and settled the day up by 0.224% at US$1.6078/GBP on session close.
Trading Strategy: Neutral
Based on today’s market’ selling can be done between 1.5990-1.6160 with risk above 1.6250; targeting 1.5950-1.5880 and 1.5750.


USD/JPY on Wednesday an intra‐day low of JPY98.39/USD and made an intraday high of JPY98.74/USD and settled the day 0.162% up at JPY98.64/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.90-99.90, using a stop loss of 100.20, targeting 96.80-96.30 and 95.60.Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80.Buy above 97.60-98.20, using a stop loss of below 96.30, targeting 98.90-99.90 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Fri Nov 08, 2013 7:09 am

November 8, 2013

Gold (spot) closed down on Thursday and made its intraday high of US$1325.92/ounce after setting intraday low of US$1296.44/ounce. Gold went down by 0.769% at US$1307.16/ounce.
Trading Strategy: Neutral
Sell on strength 1321-1336; targeting 1307-1301 and 1294-1280, upside breakage of 1344 will lead to 1361-1374. Buy on dips at 1305-1294 with strict stop loss below 12891-hourly closing; targeting 1321-1336 and 1344-1361; break below 1289 will call for 1280-1274.


Silver (spot) closed down on Thursday made its intraday high of US$21.99/ounce after setting intraday low of US$21.39/ounce. Silver settled 0.779% down at US$21.64/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.90-22.75 with stop above 23.40; targeting 21.60-21.45 and 21.20-20.95 and upside breakout of 23.40 will open the way to 23.75-24.20. Buyers can buy above 21.60-21.20 targeting 22.05-22.35 and 22.75-23.40 with risk below 20.90 hourly closing.


Crude futures (Oct 2013) on Thursday made an intra‐day high of US$95.28/bbl and made an intraday low of US$93.78/bbl and settled down by 0.60%at US$94.33/bbl on session close.
Trading Strategy: Neutral
Sell in-between 95.30-96.80 with risk above 97.60; targeting 94.70-94.00 and 93.60-92.60; upside breakage of 97.60 will lead to 98.80 and 99.80-100.80. Buy in between 92.60-93.10 with risk below 91.90 hourly closing; targeting 94.80-95.80 and 96.90-97.70.


EUR/USD on Thursday made an intra‐day low of US$1.3294/EUR and made an intraday high of US$1.3528/EUR and settled the day down by 0.688% at US$1.3418/EUR on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, sell on strength 1.3450-1.3530 targeting 1.3390-1.3310 and 1.3210 and stop-loss at four-hour closing above 1.3660.


GBP/USD on Thursday made an intra‐day low of US$1.6008/GBP and made an intraday high of US$1.6113/GBP and settled the day up by 0.099% at US$1.6094/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done between 1.6090-1.6160 with risk above 1.6250; targeting 1.6050-1.5950 and 1.5880-1.5750.


USD/JPY on Thursday an intra‐day low of JPY97.60/USD and made an intraday high of JPY99.40/USD and settled the day 0.567% down at JPY98.08/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.90-99.90, using a stop loss of 100.20, targeting 96.80-96.30 and 95.60.Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80.Buy above 97.60-98.20, using a stop loss of below 96.30, targeting 98.90-99.90 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Mon Nov 11, 2013 6:11 am

November 11, 2013

Gold (spot) closed down on Friday and made its intraday high of US$1313.75/ounce after setting intraday low of US$1281.15/ounce. Gold went down by 1.457% at US$1288.30/ounce.
Trading Strategy: Neutral
Sell on strength 1296-1309; targeting 1280-1274 and 1266-1260, upside breakage of 1328 will lead to 1336-1344 and 1354-1361. Buy on dips at 1274-1260 with strict stop loss below 12601-hourly closing; targeting 1301-1314 and 1321-1336 break below 1260 will call for 1250-1236.


Silver (spot) closed down on Friday made its intraday high of US$21.90/ounce after setting intraday low of US$21.27/ounce. Silver settled 0.691% down at US$21.49/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.75-22.35 with stop above 23.40; targeting 21.60-21.45 and 21.20-20.95 and upside breakout of 23.10 will open the way to 23.40-23.75 and 24.20. Buyers can buy above 21.05-20.60 targeting 22.05-22.35 and 22.75-23.40 with risk below 20.60 hourly closing.


Crude futures (Oct 2013) on Friday made an intra‐day high of US$94.90/bbl and made an intraday low of US$93.89/bbl and settled up by 0.021%at US$94.36/bbl on session close.
Trading Strategy: Neutral
Sell in-between 95.30-96.80 with risk above 97.60; targeting 94.70-94.00 and 93.60-92.60; upside breakage of 97.60 will lead to 98.80 and 99.80-100.80. Buy in between 92.60-93.10 with risk below 91.90 hourly closing; targeting 94.80-95.80 and 96.90-97.70.


EUR/USD on Friday made an intra‐day low of US$1.3316/EUR and made an intraday high of US$1.3437/EUR and settled the day down by 0.387% at US$1.3366/EUR on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, sell on strength 1.3400-1.3450 targeting 1.3330-1.3290 and 1.3210 and stop-loss at four-hour closing above 1.3550. Buying can be done 1.3290-1.3320 targeting 1.3400-1.3450 and 1.3550.


GBP/USD on Friday made an intra‐day low of US$1.5955/GBP and made an intraday high of US$1.6104/GBP and settled the day down by 0.484% at US$1.6017/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done between 1.6050-1.6190 with risk above 1.6190; targeting 1.5990-1.5950 and 1.5880-1.5750.


USD/JPY on Friday an intra‐day low of JPY97.97/USD and made an intraday high of JPY99.21/USD and settled the day1.00% up at JPY99.05/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 99.30-99.90, using a stop loss of 100.20, targeting 96.80-96.30 and 95.60.Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80.Buy above 97.60-98.20, using a stop loss of below 96.30, targeting 98.90-99.90 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Tue Nov 12, 2013 6:18 am

November 12, 2013

Gold (spot) closed down on Monday and made its intraday high of US$1288.58/ounce after setting intraday low of US$1278.89/ounce. Gold went down by 0.444% at US$1282.84/ounce.
Trading Strategy: Neutral
Sell on strength 1288-1306; targeting 1280-1274 and 1266-1260, upside breakage of 1314 will lead to 1321-1328 and 1336-1344. Buy on dips at 1276-1260 with strict stop loss below 1260 1-hourly closing; targeting 1301-1314 and 1321-1336 break below 1260 will call for 1250-1236.


Silver (spot) closed down on Monday made its intraday high of US$21.45/ounce after setting intraday low of US$21.23/ounce. Silver settled 0.280% down at US$21.36/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.30-22.05 with stop above 22.40; targeting 21.20-20.95 and 20.80-20.60; upside breakout of 22.40 will open the way to 22.75-23.10 and 23.40-23.75. Buyers can buy above 21.05-20.60 targeting 21.45-21.95 and 22.35-22.75 with risk below 20.60 hourly closing.


Crude futures (Oct 2013) on Monday made an intra‐day high of US$95.36/bbl and made an intraday low of US$94.10/bbl and settled up by 0.582% at US$95.00/bbl on session close.
Trading Strategy: Neutral
Sell in-between 95.30-96.80 with risk above 97.60; targeting 94.70-94.00 and 93.60-92.60; upside breakage of 97.60 will lead to 98.80 and 99.80-100.80. Buy in between 93.00-94.10 with risk below 92.40 hourly closing; targeting 94.80-95.80 and 96.90-97.70.


EUR/USD on Monday made an intra‐day low of US$1.3343/EUR and made an intraday high of US$1.3415/EUR and settled the day up by 0.389% at US$1.3406/EUR on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, sell on strength 1.3400-1.3450 targeting 1.3330-1.3290 and 1.3210 and stop-loss at four-hour closing above 1.3550. Buying can be done 1.3290-1.3320 targeting 1.3400-1.3450 and 1.3550.


GBP/USD on Monday made an intra‐day low of US$1.5964/GBP and made an intraday high of US$1.6020/GBP and settled the day down by 0.062% at US$1.5987/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done between 1.6050-1.6120 with risk above 1.6190; targeting 1.5950 and 1.5880-1.5750.


USD/JPY on Monday an intra‐day low of JPY98.91/USD and made an intraday high of JPY 99.29/USD and settled the day 0.064% down at JPY99.14/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 99.30-99.90, using a stop loss of 100.20, targeting 96.80-96.30 and 95.60. Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80. Buy above 97.90-98.80, using a stop loss of below 97.30, targeting 99.90 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Wed Nov 13, 2013 4:25 am

November 13, 2013

Gold (spot) closed down on Tuesday and made its intraday high of US$1285.34/ounce after setting intraday low of US$1261.42/ounce. Gold went down by 1.141%at US$1267.36/ounce.
Trading Strategy: Neutral
Sell on strength 1274-1289; targeting 1260-1250 and 1236, upside breakage of 1296 will lead to 1309-1313 and 1321-1328. Buy on dips at 1260-1251 with strict stop loss below 12501-hourly closing; targeting 1274-1280 and 1296-1307 break below 1250 will call for 1240-1236.


Silver (spot) closed down on Tuesday made its intraday high of US$21.37/ounce after setting intraday low of US$20.57/ounce. Silver settled 2.903% down at US$20.73/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.95-21.50 with stop above 22.05; targeting 21.20-20.95 and 20.80-20.60; upside breakout of 22.05will open the way to22.40-22.75 and 23.10-23.40. Buyers can buy above 20.40-20.05 targeting 20.95-21.45 and 21.95-22.35with risk below 19.70 hourly closing.


Crude futures (Oct 2013) on Tuesday made an intra‐day high of US$95.20/bbl and made an intraday low of US$92.84/bbl and settled down by 2.094%at US$93.00/bbl on session close.
Trading Strategy: Neutral
Sell in-between 94.10-95.40 with risk above 96.05; targeting 94.70-94.00 and 93.60-92.60; upside breakage of 96.05 will lead to 96.80-97.60 and 98.80. Buy in between 93.00-92.40 with risk below 91.90 hourly closing; targeting 94.80-95.80 and 96.90-97.70.


EUR/USD on Monday made an intra‐day low of US$1.3359/EUR and made an intraday high of US$1.3455/EUR and settled the day up by 0.208% at US$1.3433/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3460-1.3560 targeting 1.3380-1.3290 and 1.3210 and stop-loss at four-hour closing above 1.3560.Buying can be done 1.3290-1.3380 targeting 1.3400-1.3450 and 1.3550.


GBP/USD on Tuesday made an intra‐day low of US$1.5853/GBP and made an intraday high of US$1.5990/GBP and settled the day down by 0.531% at US$1.5902/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, selling can be done between 1.5950-1.6050 with risk above 1.6120; targeting 1.5880-1.5750.


USD/JPY on Tuesday an intra‐day low of JPY99.09/USD and made an intraday high of JPY99.79/USD and settled the day0.47% up at JPY99.61/USD on session close
Trading Strategy: Neutral
Based on today’s market, sell below 99.30-99.90, using a stop loss of 100.20, targeting 96.80-96.30 and 95.60.Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80.Buy above 97.90-98.80, using a stop loss of below 97.30, targeting 99.90 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (November)

Postby Ajawed » Thu Nov 14, 2013 5:23 am

November 14,2013

Gold (spot) closed up on Wednesday and made its intraday high of
US$1284.39/ounce after setting intraday low of US$1265.57/ounce. Gold
went down by 1.208% at US$1281.55/ounce.

Trading Strategy: Neutral
Sell on strength 1289-1296; targeting 1260-1250 and 1236, upside
breakage of 1296 will lead to 1307-1313 and 1321-1328. Buy on dips at
1266-1278with strict stop loss below 1260 1-hourly closing; targeting
1296-1307 and 1313-1328 break below 1260 will call for 1250-1236.


Silver (spot) closed down on Wednesday made its intraday high of
US$20.86/ounce after setting intraday low of US$20.62/ounce. Silver
settled 0.386% down at US$20.62/ounce.


Trading Strategy: Neutral
Sell on Strength at 20.95-21.50 with stop above 22.05; targeting
21.20-20.95 and 20.80-20.60; upside breakout of 22.05 will open the
way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 20.40-20.05
targeting 20.95-21.45 and 21.95-22.35 with risk below 19.70 hourly
closing.


Crude futures (Oct 2013) on Wednesday made an intra‐day high of
US$94.53/bbl and made an intraday low of US$92.91/bbl and settled up
by 0.429% at US$93.00/bbl on session close.


Trading Strategy: Neutral
Sell in-between 94.90-95.40 with risk above 96.05; targeting
94.10-93.60 and 92.90-92.40; upside breakage of 96.05 will lead to
96.80-97.60 and 98.80. Buy in between 93.00-93.60 with risk below
92.40 hourly closing; targeting 94.80-95.80 and 96.90-97.70.


EUR/USD on Wednesday made an intra‐day low of US$1.3389/EUR and made
an intraday high of US$1.3494/EUR and settled the day up by 0.387% at
US$1.3485/EUR on session close.


Trading Strategy: Neutral to Sell on Strength
Based on the charts and explanations above, sell on strength
1.3490-1.3560 targeting 1.3380-1.3290 and 1.3210 and stop-loss at
four-hour closing above 1.3560. Buying can be done 1.3290-1.3380
targeting 1.3400-1.3450 and 1.3550.


GBP/USD on Wednesday made an intra‐day low of US$1.5877/GBP and made
an intraday high of US$1.6066/GBP and settled the day down by 0.962%
at US$1.6054/GBP on session close.


Trading Strategy: Neutral to Sell on Strength
Based on the charts and explanations above; selling can be done
between 1.6050-1.6120 with risk above 1.6170; targeting 1.5880-1.5750.


USD/JPY on Wednesday an intra‐day low of JPY99.09/USD and made an
intraday high of JPY 99.66/USD and settled the day 0.41% down at
JPY99.22/USD on session close.

Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.30-99.90,
using a stop loss of 100.20, targeting 96.80-96.30 and 95.60.
Alternatively, a break above 100.20 might call for 100.80-101.20 and
101.80. Buy above 97.90-98.80, using a stop loss of below 97.30,
targeting 99.90 and 100.80.

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

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