Ikon Finance Daily Forex Analysis (December)

Ikon Finance Daily Forex Analysis (December)

Postby Ajawed » Mon Dec 02, 2013 6:24 am

December 2, 2013

Gold (spot) closed up on Friday and made its intraday high of US$1254.87/ounce after setting intraday low of US$1240.77/ounce. Gold went up by 0.585% at US$1251.66/ ounce.
Trading Strategy: Neutral
Sell on strength 1254-1268; targeting 1240-1234, upside breakage of 1278 will lead to 1296-1307 and 1313. Buy on dips at 1227-1234 with strict stop loss below 1218 1-hourly closing; targeting 1251-1265 and 1278-1289 break below 1218 will call for 1208-1190.


Silver (spot) closed up on Friday made its intraday high of US$20.08/ounce after setting intraday low of US$19.68/ounce. Silver settled 1.165% up at US$19.97/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.95-20.60 with stop above 20.60; targeting 19.60-19.20 and 18.70; upside breakout of 20.60 will open the way to 21.05-21.55 and 22.40-22.75. Buyers can buy above 19.10-19.50 targeting 20.05-20.75 and 20.95-21.55 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Friday made an intra-day high of US$93.89/bbl and made an intraday low of US$92.10/bbl and settled down by 0.563% at US$92.77/bbl on session close.
Trading Strategy: Neutral
Buy above 91.70, targeting 92.50-93.40 and 94.05-95.40; stop loss below 91.20. Breakage below 91.20 will call for 90.80-89.90. Sell-in-between 93.80-94.90 with risk above 95.40; targeting 91.70-90.80 and 90.00; upside breakage of 95.40 will lead to 96.05-97.05 and 97.60-98.80.


EUR/USD on Friday made an intra-day low of US$1.3579/EUR and made an intraday high of US$1.3620/EUR and settled the day down by 0.095% at US$1.3590/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3560- 1.3460 with risk below 1.3380, targeting 1.3580-1.3620 and 1.3660-1.3740. Sell on strength 1.3600-1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop- loss at four-hour closing above 1.3660.


GBP/USD on Friday made an intra-day low of US$1.6313/GBP and made an intraday high of US$1.6383/GBP and settled the day up by 0.159% at US$1.6367/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Friday an intra-day low of JPY102.10/USD and made an intraday high of JPY 102.60/UD and settled the day 0.130% up at JPY 102.43/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 101.50-100.80, using a stop loss of below 100.80, targeting 102.40-103.30.


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

Postby Ajawed » Tue Dec 03, 2013 6:14 am

December 3, 2013

Gold (spot) closed down on Monday and made its intraday high of US$1250.77/ounce a before setting intraday low of US$1217.64/ounce. Gold went down by 2.488% at US$1219.50/ounce.
Trading Strategy: Neutral
Sell on strength 1229-1248; targeting 1213-1204, upside breakage of 1255 will lead to 1265-1278. Buy on dips at 1190-1204 with strict stop loss below 1178 1-hourly closing; targeting 1229-1251 and 1265-1278 break below 1178 will call for 1164- 1154.


Silver (spot) closed down on Monday made its intraday high of US$19.97/ounce after setting intraday low of US$19.09/ounce. Silver settled 4.058% down at US$19.15/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.45-20.05 with stop above 20.60; targeting 19.10-18.70; upside breakout of 20.60 will open the way to 21.05-21.55 and 22.40-22.75. Buyers can buy above 18.70-19.10 targeting 19.45-20.05 and 20.60-20.95 with risk below 18.60 hourly closing.


Crude futures (Oct 2013) on Monday made an intra-day high of US$94.05/bbl and made an intraday low of US$92.55/bbl and settled down by 1.305% at US$93.90/bbl on session close.
Trading Strategy: Neutral
Buy above 93.20-91.70, targeting 94.05-95.40 and 96.05; stop loss below 91.20. Breakage below 91.70 will call for 91.20-90.80 and 89.90. Sell-in-between 94.50- 95.40 with risk above 96.05; targeting 93.20-92.50 and 91.70-90.80; upside breakage of 96.05 will lead to 97.05 and 97.60-98.80.


EUR/USD on Monday made an intra-day low of US$1.3525/EUR and made an intraday high of US$1.3615/EUR and settled the day down by 0.331% at US$1.3540/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Sell on strength 1.3600-1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660. Buy on dips in between 1.3510-1.3460 with risk below 1.3380, targeting 1.3580-1.3620 and 1.3660-1.3740.


GBP/USD on Monday made an intra-day low of US$1.6341/GBP and made an intraday high of US$1.6441/GBP and settled the day down by 0.085% at US$1.6354/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Monday an intra-day low of JPY102.21/USD and made an intraday high of JPY 103.12/UD and settled the day 0.429% up at JPY 102.92/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 101.50-100.80, using a stop loss of below 100.80, targeting 102.40-103.30.


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

Postby Ajawed » Wed Dec 04, 2013 4:59 am

December 4, 2013

Gold (spot) closed down on Tuesday and made its intraday high of US$1226.23/ ounce a before setting intraday low of US$1214.96/ounce. Gold went up by 0.282% at US$1222.91/ounce.
Trading Strategy: Neutral

Sell on strength 1229-1248; targeting 1213-1204, upside breakage of 1255 will lead to 1265-1278. Buy on dips at 1190-1204 with strict stop loss below 1178 1-hourly closing; targeting 1229-1251 and 1265-1278 break below 1178 will call for 1164- 1154.

Silver (spot) closed down on Tuesday made its intraday high of US$19.32/ounce after setting intraday low of US$18.98/ounce. Silver settled 0.208% down at US$19.11/ounce.
Trading Strategy: Neutral

Sell on Strength at 19.45-20.05 with stop above 20.60; targeting 19.10-18.70; upside breakout of 20.60 will open the way to 21.05-21.55 and 22.40-22.75. Buyers can buy above 18.70-19.10 targeting 19.45-20.05 and 20.60-20.95 with risk below 18.60 hourly closing.

Crude futures (Oct 2013) on Tuesday made an intra-day high of US$96.94/bbl and made an intraday low of US$93.65/bbl and settled up by 3.217% at US$96.88/bbl on session close.
Trading Strategy: Neutral

Buy above 95.40-94.05, targeting 97.60-98.50 and 99.20-100.20; stop loss below 92.50. Breakage below 92.50 will call for 91.70-91.20 and 90.80-89.90. Sell-in- between 97.50-98.60 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.

EUR/USD on Tuesday made an intra-day low of US$1.3523/EUR and made an intraday high of US$1.3612/EUR and settled the day down by 0.354% at US$1.3588/EUR on session close.
Trading Strategy: Neutral

Based on the charts and explanations above, Sell on strength 1.3600-1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop-loss at four-hour closing above 1.3660. Buy on dips in between 1.3510-1.3460 with risk below 1.3380, targeting 1.3580-1.3620 and 1.3660-1.3740.

GBP/USD on Tuesday made an intra-day low of US$1.6345/GBP and made an intraday high of US$1.6435/GBP and settled the day up by 0.214% at US$1.6389/ GBP on session close.
Trading Strategy: Neutral

Based on the charts and explanations above; Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.

USD/JPY on Tuesday an intra-day low of JPY101.97/USD and made an intraday high of JPY 103.37/UD and settled the day 0.417% down at JPY 102.49/USD on session close.
Trading Strategy: Neutral

Based on the charts and explanations above, Buy above 101.50-100.80, using a stop loss of below 100.80, targeting 102.40-103.30.

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

Postby Ajawed » Thu Dec 05, 2013 7:39 am

December 5, 2013

Gold (spot) closed up on Wednesday and made its intraday high of US$1251.44/ ounce a before setting intraday low of US$1211.46/ounce. Gold went up by 1.641% at US$1243.38/ounce.
Trading Strategy: Neutral
Sell on strength 1242-1255; targeting 1236-1228 and 1213-1204, upside breakage of 1258 will lead to 1265-1278. Buy on dips at 1204-1216 with strict stop loss below 1198 1-hourly closing; targeting 1242-1251 and 1265-1278 break below 1198 will call for 1190-1178.


Silver (spot) closed up on Wednesday made its intraday high of US$19.89/ounce after setting intraday low of US$18.86/ounce. Silver settled 3.038% up at US$19.67/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.90-20.45 with stop above 20.60; targeting 19.35-19.10 and 18.70; upside breakout of 20.60 will open the way to 21.05-21.55 and 22.40-22.75. Buyers can buy above 18.90-19.35 targeting 19.85-20.05 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intra-day high of US$97.55/bbl and made an intraday low of US$96.29/bbl and settled up by 0.402% at US$96.29/bbl on session close.
Trading Strategy: Neutral
Buy above 96.05-95.40, targeting 97.60-98.50 and 99.20-100.20; stop loss below 94.50. Breakage below 92.50 will call for 91.70-91.20 and 90.80-89.90. Sell-in- between 97.50-98.60 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.


EUR/USD on Wednesday made an intra-day low of US$1.3527/EUR and made an intraday high of US$1.3604/EUR and settled the day down by 0.022% at US$1.3592/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Sell on strength 1.3660 targeting 1.3460-1.3420 and 1.3380-1.3290 and stop-loss at 4-hour closing above 1.3660. Buy on dips in between 1.3550-1.3460 with risk below 1.3380, targeting 1.3580- 1.3620 and 1.3660-1.3740.


GBP/USD on Wednesday made an intra-day low of US$1.6325/GBP and made an intraday high of US$1.6402/GBP and settled the day up by 0.048% at US$1.6381/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Wednesday an intra-day low of JPY101.80/USD and made an intraday high of JPY 102.83/UD and settled the day 0.146% down at JPY 102.34/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 101.50- 100.80, using a stop loss of below 100.80; targeting 102.40-103.30. Selling can be done 102.80-103.40 with risk above 103.80; targeting 101.80-101.50 and 100.80.


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

Postby Ajawed » Mon Dec 09, 2013 6:30 am

December 9, 2013

Gold (spot) closed up on Friday and made its intraday high of US$1244.21/ounce a before setting intraday low of US$1212.60/ounce. Gold went up by 0.318% at US$1228.85/ounce.
Trading Strategy: Neutral
Sell on strength 1234-1246; targeting 1228-1211 and 1206-1190, upside breakage of 1255 will lead to 1265-1278. Buy on dips at 1204-1211 with strict stop loss below 1198 1-hourly closing; targeting 1234-1242 and 1255-1265 break below 1198 will call for 1190-1178.


Silver (spot) closed up on Friday made its intraday high of US$19.75/ounce after setting intraday low of US$19.16/ounce. Silver settled 0.671% up at US$19.49/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.90-20.45 with stop above 20.60; targeting 19.35-19.10 and 18.70; upside breakout of 20.60 will open the way to 21.05-21.55 and 22.40-22.75. Buyers can buy above 18.90-19.35 targeting 19.85-20.05 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Friday made an intra-day high of US$98.03/bbl and made an intraday low of US$97.05/bbl and settled up by 0.400% at US$97.75/bbl on session close.
Trading Strategy: Neutral
Buy above 97.05-96.05, targeting 97.60-98.50 and 99.20-100.20; stop loss below 95.40. Breakage below 95.40 will call for 94.50-93.05. Sell below 98.60 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.


EUR/USD on Friday made an intra-day low of US$1.3527/EUR and made an intraday high of US$1.3604/EUR and settled the day down by 0.022% at US$1.3592/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Sell on strength 1.3740 targeting 1.3660-1.3600 and 1.3550-1.3460 and stop-loss at 4-hour closing above 1.3740. Buy on dips in between 1.3660-1.3550 with risk below 1.3460, targeting 1.3740- 1.3830.


GBP/USD on Friday made an intra-day low of US$1.6290/GBP and made an intraday high of US$1.6391/GBP and settled the day up by 0.085% at US$1.6348/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Friday an intra-day low of JPY101.62/USD and made an intraday high of JPY 102.95/UD and settled the day 1.14% up at JPY 102.89/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 101.50- 102.30, using a stop loss of below 100.80; targeting 102.40-103.30. Selling can be done 103.20-103.80 with risk above 103.80; targeting 101.80-101.50 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (December)

Postby Ajawed » Tue Dec 10, 2013 6:18 am

December 10, 2013

Gold (spot) closed up on Monday and made its intraday high of US$1243.16/ounce a before setting intraday low of US$1225.20/ounce. Gold went up by 0.799% at US$1239.93/ounce.
Trading Strategy: Neutral
Sell on strength 1244-1255; targeting 1228-1211 and 1206-1190, upside breakage of 1258 will lead to 1265-1278. Buy on dips at 1211-1228 with strict stop loss below 1205 1-hourly closing; targeting 1244-1255 and 1265-1278 break below 1205 will call for 1190-1178.


Silver (spot) closed up on Monday made its intraday high of US$19.98/ounce after setting intraday low of US$19.43/ounce. Silver settled 1.535% up at US$19.84/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.90-20.45 with stop above 20.60; targeting 19.35-19.10 and 18.70; upside breakout of 20.60 will open the way to 21.05-21.55 and 22.40-22.75. Buyers can buy above 18.90-19.35 targeting 19.85-20.05 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Monday made an intra-day high of US$97.95/bbl and made an intraday low of US$97.08/bbl and settled down by 0.491% at US$97.18/bbl on session close.
Trading Strategy: Neutral
Buy above 97.05-96.05, targeting 97.60-98.50 and 99.20-100.20; stop loss below 95.40. Breakage below 95.40 will call for 94.50-93.05. Sell below 98.60 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.


EUR/USD on Monday made an intra-day low of US$1.3693/EUR and made an intraday high of US$1.3744/EUR and settled the day up by 0.182% at US$1.3738/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3730- 1.3660 with risk below 1.3550, targeting 1.3790-1.3830. Sell below 1.3830 targeting 1.3730-1.3660 and 1.3600-1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Monday made an intra-day low of US$1.6322/GBP and made an intraday high of US$1.6431/GBP and settled the day up by 0.507% at US$1.6427/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Monday an intra-day low of JPY102.88/USD and made an intraday high of JPY 103.32/UD and settled the day 0.232% up at JPY 103.25/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 101.50- 102.30, using a stop loss of below 100.80; targeting 102.40-103.30. Selling can be done 103.20-103.80 with risk above 103.80; targeting 101.80-101.50 and 100.80.


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Ajawed
 
Posts: 328
Joined: Tue Jan 22, 2013 4:22 am

Re: Ikon Finance Daily Forex Analysis (December)

Postby Ajawed » Wed Dec 11, 2013 6:33 am

December 11, 2013

Gold (spot) closed up on Tuesday and made its intraday high of US$1267.64/ounce a before setting intraday low of US$1237.64/ounce. Gold went up by 1.851% at US$1262.20/ounce.
Trading Strategy: Neutral
Sell below 1278; targeting 1255-1244 and 1232-1218, upside breakage of 1278 will lead to 1286-1294. Buy on dips at 1244-1254 with strict stop loss below 1230 1- hourly closing; targeting 1265-1278. Breakage below 1230 will call for 1218-1211 and 1204-1190.


Silver (spot) closed up on Monday made its intraday high of US$19.98/ounce after setting intraday low of US$19.43/ounce. Silver settled 1.535% up at US$19.84/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.40-20.90 with stop above 21.40; targeting 20.05-19.90 and 19.35-19.10; upside breakout of 21.40 will open the way to 21.55-22.40. Buyers can buy above 19.90-19.35 targeting 20.40-20.60 and 20.95-21.45 with risk below 18.90 hourly closing.


Crude futures (Oct 2013) on Tuesday made an intra-day high of US$98.72/bbl and made an intraday low of US$97.23/bbl and settled down by 1.429% at US$98.63/bbl on session close.
Trading Strategy: Neutral
Buy above 97.05-96.05, targeting 97.60-98.50 and 99.20-100.20; stop loss below 95.40. Breakage below 95.40 will call for 94.50-93.05. Sell below 98.60-99.20 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.

EUR/USD on Tuesday made an intra-day low of US$1.3733/EUR and made an intraday high of US$1.3794/EUR and settled the day up by 0.167% at US$1.3760/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips in between 1.3730- 1.3660 with risk below 1.3550, targeting 1.3790-1.3830. Sell below 1.3830 targeting 1.3730-1.3660 and 1.3600-1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Tuesday made an intra-day low of US$1.6417/GBP and made an intraday high of US$1.6464/GBP and settled the day up by 0.103% at US$1.6447/ GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Monday an intra-day low of JPY102.88/USD and made an intraday high of JPY 103.32/UD and settled the day 0.232% up at JPY 103.25/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips around 101.50- 102.30, using a stop loss of below 100.80; targeting 102.40-103.30. Selling can be done 103.20-103.80 with risk above 103.80; targeting 101.80-101.50 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (December)

Postby Ajawed » Thu Dec 12, 2013 5:04 am

December 12, 2013

Gold (spot) closed down on Wednesday and made its intraday high of US$1263.31/ ounce a before setting intraday low of US$1250.80/ounce. Gold went down by 0.724% at US$1251.80/ounce.
Trading Strategy: Neutral
Sell below 1268-1278; targeting 1255-1244 and 1232-1218, upside breakage of 1278 will lead to 1286-1294. Buy on dips at 1244-1254 with strict stop loss below 1230 1-hourly closing; targeting 1265-1278. Breakage below 1230 will call for 1218- 1211 and 1204-1190.


Silver (spot) closed down on Wednesday made its intraday high of US$20.48/ounce after setting intraday low of US$20.20/ounce. Silver settled 0.441% down at US$20.28/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.40-20.90 with stop above 21.40; targeting 20.05-19.90 and 19.35-19.10; upside breakout of 21.40 will open the way to 21.55-22.40. Buyers can buy above 19.90-19.35 targeting 20.40-20.60 and 20.95-21.45 with risk below 18.90 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intra-day high of US$98.73/bbl and made an intraday low of US$97.18/bbl and settled down by 1.226% at US$97.43/bbl on session close.
Trading Strategy: Neutral
Buy above 97.05-96.05, targeting 97.60-98.50 and 99.20-100.20; stop loss below 95.40. Breakage below 95.40 will call for 94.50-93.05. Sell below 98.60-99.20 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.


EUR/USD on Wednesday made an intra-day low of US$1.3739/EUR and made an intraday high of US$1.3809/EUR and settled the day up by 0.181% at US$1.3785/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3730- 1.3660 with risk below 1.3550, targeting 1.3790-1.3830. Sell below 1.3830 targeting 1.3730-1.3660 and 1.3600-1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Wednesday made an intra-day low of US$1.6338/GBP and made an intraday high of US$1.6456/GBP and settled the day down by 0.403% at US$1.6375/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Wednesday an intra-day low of JPY102.14/USD and made an intraday high of JPY 102.94/UD and settled the day 0.398% down at JPY 102.42/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 101.50- 102.30, using a stop loss of below 100.80; targeting 102.40-103.30. Selling can be done 103.20-103.80 with risk above 103.80; targeting 101.80-101.50 and 100.80.


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

Re: Ikon Finance Daily Forex Analysis (December)

Postby Ajawed » Fri Dec 13, 2013 6:16 am

December 13, 2013

Gold (spot) closed down on Thursday and made its intraday high of US$1257.01/ounce a before setting intraday low of US$1223.76/ounce. Gold went down by 2.150% at US$1225.26/ounce.
Trading Strategy: Neutral
Sell below 1232-1250; targeting 1224-1218 and 1211-1198, upside breakage of 1269 will lead to 1286-1294. Buy on dips at 1218-1204 with strict stop loss below 1198 1-hourly closing; targeting 1232-1244 and 1251-1265. Breakage below 1198 will call for 1190-1178.


Silver (spot) closed down on Thursday made its intraday high of US$20.35/ounce after setting intraday low of US$19.42/ounce. Silver settled 3.89% down at US$19.48/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.75-20.40 with stop above 20.60; targeting 19.35-19.10 and 18.90-18.70; upside breakout of 20.60 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.10-18.90 targeting 19.40-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Thursday made an intra-day high of US$98.16/bbl and made an intraday low of US$97.30/bbl and settled down by 0.010% at US$97.52/bbl on session close.
Trading Strategy: Neutral
Buy above 97.05-96.05, targeting 97.60-98.50 and 99.20-100.20; stop loss below 95.40. Breakage below 95.40 will call for 94.50-93.05. Sell below 98.60-99.20 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.


EUR/USD on Thursday made an intra-day low of US$1.3736/EUR and made an intraday high of US$1.3802/EUR and settled the day down by 0.239% at US$1.3752/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3730- 1.3660 with risk below 1.3550, targeting 1.3790-1.3830. Sell below 1.3830 targeting 1.3730-1.3660 and 1.3600-1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Thursday made an intra-day low of US$1.6319/GBP and made an intraday high of US$1.6417/GBP and settled the day down by 0.152% at US$1.6348/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 1.6310-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Thursday an intra-day low of JPY102.37/USD and made an intraday high of JPY 103.42/UD and settled the day 0.927% up at JPY 103.36/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 102.50- 103.20, using a stop loss of below 101.50; targeting 103.90-104.90.


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

Re: Ikon Finance Daily Forex Analysis (December)

Postby Ajawed » Mon Dec 16, 2013 5:20 am

December 16, 2013

Gold (spot) closed up on Friday and made its intraday high of US$1238.45/ounce a before setting intraday low of US$1220.10/ounce. Gold went up by 1.06% at US$1238.43/ounce.
Trading Strategy: Neutral
Sell below 1238-1254; targeting 1224-1218 and 1211-1198, upside breakage of 1269 will lead to 1286-1294. Buy on dips at 1220-1204 with strict stop loss below 1198 1-hourly closing; targeting 1232-1244 and 1251-1265. Breakage below 1198 will call for 1190-1178.


Silver (spot) closed up on Friday made its intraday high of US$19.75/ounce after setting intraday low of US$19.28/ounce. Silver settled 1.026% up at US$19.68/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.75-20.40 with stop above 20.60; targeting 19.35-19.10 and 18.90-18.70; upside breakout of 20.60 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.10-18.90 targeting 19.40-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Oct 2013) on Friday made an intra-day high of US$97.59/bbl and made an intraday low of US$96.25/bbl and settled down by 1.13% at US$96.46/bbl on session close.
Trading Strategy: Neutral
Buy above 96.05-95.05, targeting 97.50-98.70 and 99.20-100.20; stop loss below 94.40. Breakage below 95.40 will call for 93.90-93.05. Sell below 97.50-98.60 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.


EUR/USD on Friday made an intra-day low of US$1.3708/EUR and made an intraday high of US$1.3768/EUR and settled the day down by 0.0872% at US$1.3740/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3705- 1.3660 with risk below 1.3620, targeting 1.3790-1.3830. Sell below 1.3830 targeting 1.3730-1.3660 and 1.3600-1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Friday made an intra-day low of US$1.6261/GBP and made an intraday high of US$1.6359/GBP and settled the day down by 0.318% at US$1.6296/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 1.6290-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.


USD/JPY on Friday an intra-day low of JPY102.98/USD and made an intraday high of JPY 103.91/UD and settled the day 0.141% down at JPY 103.21/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90.


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

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