Ikon Finance Daily Forex Analysis (January)

Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Thu Jan 02, 2014 5:17 am

January 2, 2014

Gold (spot) closed up on Wednesday and made its intraday high of US$1214.44/ ounce a before setting intraday low of US$1182.24/ounce. Gold went up by 0.437% at US$1202.37/ounce.
Trading Strategy: Neutral
Sell below 1226-1236; targeting 1186-1178 and 1164-1150, upside breakage of 1244 will lead to 1254-1269. Buy on dips at 1194-1214 with strict stop loss below 1178 1-hourly closing; targeting 1228-1244 and 1254-1268. Breakage below 1178 will call for 1155.


Silver (spot) closed down on Wednesday made its intraday high of US$19.81/ounce after setting intraday low of US$19.64/ounce. Silver settled 0.919% down at US$19.36/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.30-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude
futures (Oct 2013) on Wednesday made an intra-day high of US$99.37/bbl and made an intraday low of US$98.15/bbl and settled down by 0.806% at US$98.44/bbl on session close.
Trading Strategy: Neutral
Buy above 98.40-96.60, targeting 99.20-99.80 and 100.20-100.80; stop loss below 96.05. Breakage below 96.05 will call for 95.40-94.90 and 93.90-93.05. Sell below 99.20-100.80; targeting 98.05-97.40 and 96.60-96.05; upside breakage of 100.80 will lead to 101.80-103.00.


EUR/USD on Wednesday made an intra-day low of US$1.3758/EUR and made an intraday high of US$1.3811/EUR and settled the day down by 0.137% at US$1.3777/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3790-1.3890 targeting 1.3620-1.3550 and stop-loss at 4-hour closing above 1.3900. Buy on dips in between 1.3660-1.3550 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Monday made an intra-day low of US$1.6473/GBP and made an intraday high of US$1.6577/GBP and settled the day up by 0.400% at US$1.6560/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6410-1.6310, targeting 1.6500-1.6550; breakage below 1.6250 may target 1.6200-1.6120.


USD/JPY on Wednesday an intra-day low of JPY104.85/USD and made an intraday high of JPY 105.29/USD and settled the day 0.104% up at JPY 105.13/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 104.60- 103.20, using a stop loss of below 102.50; targeting 105.60.


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

Postby Ajawed » Fri Jan 03, 2014 7:15 am

January 3, 2014

Gold (spot) closed up on Thursday and made its intraday high of US$1230.75/ounce a before setting intraday low of US$1202.93/ounce. Gold went up by 1.684% at US$1223.90/ounce.
Trading Strategy: Neutral
Sell below 1234-1244; targeting 1226-1216 and 1207-1190, upside breakage of 1244 will lead to 1254-1269. Buy on dips at 1226-1214 with strict stop loss below 1198 1-hourly closing; targeting 1236-1244 and 1254-1268. Breakage below 1198 will call for 1178-1155.


Silver (spot) closed up on Thursday made its intraday high of US$20.42/ounce after setting intraday low of US$19.42/ounce. Silver settled 2.776% down at US$19.99/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.30-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Thursday made an intra-day high of US$98.95/bbl and made an intraday low of US$95.33/bbl and settled down by 3.137% at US$95.41/bbl on session close.
Trading Strategy: Neutral
Sell below 95.90-97.30; targeting 95.10-94.00 and 92.90-91.70; upside breakage of 98.90 will lead to 100.80 and 101.80. Buy above 93.90-95.10, targeting 99.20-99.80 and 100.20-100.80; stop loss below 92.90. Breakage below 93.70 will call for 92.90- 91.70.


EUR/USD on Thursday made an intra-day low of US$1.3628/EUR and made an intraday high of US$1.3774/EUR and settled the day down by 0.617% at US$1.3670/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3710-1.3830 targeting 1.3620-1.3550 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3620-1.3550 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Thursday made an intra-day low of US$1.6409/GBP and made an intraday high of US$1.6602/GBP and settled the day down by 0.682% at US$1.6449/GBP on session close.
Trading Strategy: Neutral
Based on today’s market’ Buy above 1.6410-1.6310, targeting 1.6500-1.6550; breakage below 1.6250 may target 1.6200-1.6120.


USD/JPY on Thursday an intra-day low of JPY104.77/USD and made an intraday high of JPY 105.43/USD and settled the day 0.427% up at JPY 104.77/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 103.90- 103.20, using a stop loss of below 102.50; targeting 105.60.


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

Re: Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Mon Jan 06, 2014 5:08 am

January 6, 2014

Gold (spot) closed up on Friday and made its intraday high of US$1240.20/ounce a before setting intraday low of US$1221.53/ounce. Gold went up by 1.197% at US$1236.90/ounce.

Trading Strategy: Neutral

Sell below 1244-1254; targeting 1226-1216 and 1207-1190, upside breakage of 1258 will lead to 1269-1278. Buy on dips at 1226-1214 with strict stop loss below 1198 1-hourly closing; targeting 1236-1244 and 1254-1268. Breakage below 1198 will call for 1178-1155.


Silver (spot) closed up on Friday made its intraday high of US$20.29/ounce after setting intraday low of US$19.98/ounce. Silver settled 0.750% down at US$20.14/ounce.

Trading Strategy: Neutral

Sell on Strength at 20.30-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Friday made an intra-day high of US$95.72/bbl and made an intraday low of US$93.85/bbl and settled down by 1.309% at US$94.20/bbl on session close.

Trading Strategy: Neutral

Sell below 95.90-96.50; targeting 93.70-92.90 and 91.70-91.20; upside breakage of 96.50 will lead to 97.80-98.80. Buy above 91.70-93.70, targeting 94.20-96.30 and 99.20-99.80; stop loss below 91.20. Breakage below 91.20 will call for 90.10-89.20.



EUR/USD on Friday made an intra-day low of US$1.3581/EUR and made an intraday high of US$1.3671/EUR and settled the day down by 0.607% at US$1.3587/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, sell below 1.3610-1.3790 targeting 1.3550-1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.35510-1.3490 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Friday made an intra-day low of US$1.6393/GBP and made an intraday high of US$1.6473/GBP and settled the day down by 0.194% at US$1.6417/GBP on session close.

Trading Strategy: Neutral

Based on the charts and explanations above; Sell in between 1.3410-1.3510 with risk above 1.3520; targeting 1.6350-1.6260 and 1.6120. Buy above 1.6310-1.6250, targeting 1.6500-1.6550; breakage below 1.6200 may target 1.6140-1.6100.


USD/JPY on Friday an intra-day low of JPY104.06/USD and made an intraday high of JPY 104.87/USD and settled the day 0.052% up at JPY 104.84/USD on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, buy on dips around 103.90- 103.20, using a stop loss of below 102.50; targeting 105.60.

http://www.ikonmarkets.com/daily-reports/2014/01/06/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Mon Jan 06, 2014 5:28 am

January 6, 2014


Gold (spot) closed up on Friday and made its intraday high of US$1240.20/ounce a before setting intraday low of US$1221.53/ounce. Gold went up by 1.197% at US$1236.90/ounce.

Trading Strategy: Neutral

Sell below 1244-1254; targeting 1226-1216 and 1207-1190, upside breakage of 1258 will lead to 1269-1278. Buy on dips at 1226-1214 with strict stop loss below 1198 1-hourly closing; targeting 1236-1244 and 1254-1268. Breakage below 1198 will call for 1178-1155.


Silver (spot) closed up on Friday made its intraday high of US$20.29/ounce after setting intraday low of US$19.98/ounce. Silver settled 0.750% down at US$20.14/ounce.

Trading Strategy: Neutral

Sell on Strength at 20.30-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Friday made an intra-day high of US$95.72/bbl and made an intraday low of US$93.85/bbl and settled down by 1.309% at US$94.20/bbl on session close.

Trading Strategy: Neutral

Sell below 95.90-96.50; targeting 93.70-92.90 and 91.70-91.20; upside breakage of 96.50 will lead to 97.80-98.80. Buy above 91.70-93.70, targeting 94.20-96.30 and 99.20-99.80; stop loss below 91.20. Breakage below 91.20 will call for 90.10-89.20.



EUR/USD on Friday made an intra-day low of US$1.3581/EUR and made an intraday high of US$1.3671/EUR and settled the day down by 0.607% at US$1.3587/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, sell below 1.3610-1.3790 targeting 1.3550-1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.35510-1.3490 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Friday made an intra-day low of US$1.6393/GBP and made an intraday high of US$1.6473/GBP and settled the day down by 0.194% at US$1.6417/GBP on session close.

Trading Strategy: Neutral

Based on the charts and explanations above; Sell in between 1.3410-1.3510 with risk above 1.3520; targeting 1.6350-1.6260 and 1.6120. Buy above 1.6310-1.6250, targeting 1.6500-1.6550; breakage below 1.6200 may target 1.6140-1.6100.


USD/JPY on Friday an intra-day low of JPY104.06/USD and made an intraday high of JPY 104.87/USD and settled the day 0.052% up at JPY 104.84/USD on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, buy on dips around 103.90- 103.20, using a stop loss of below 102.50; targeting 105.60.
http://www.ikonfinance.com/
Ajawed
 
Posts: 328
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Re: Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Tue Jan 07, 2014 5:43 am

January 7, 2014

Gold (spot) closed up on Monday and made its intraday high of US$1248.09/ounce a before setting intraday low of US$1216.41/ounce. Gold went up by 0.307% at US$1237.50/ounce.
Trading Strategy: Neutral
Sell below 1244-1254; targeting 1226-1216 and 1207-1190, upside breakage of 1258 will lead to 1269-1278. Buy on dips at 1226-1214 with strict stop loss below 1198 1-hourly closing; targeting 1236-1244 and 1254-1268. Breakage below 1198 will call for 1178-1155.


Silver (spot) closed up on Monday made its intraday high of US$20.35/ounce after setting intraday low of US$19.93/ounce. Silver settled 0.168% up at US$20.17/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.30-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Monday made an intra-day high of US$94.57/bbl and made an intraday low of US$93.20/bbl and settled down by 0.605% at US$93.60/bbl on session close.
Trading Strategy: Neutral
Sell below 94.50-95.90; targeting 93.70-92.90 and 91.70-91.20; upside breakage of 96.50 will lead to 97.80-98.80. Buy above 91.70-93.20, targeting 94.20-96.30; stop loss below 91.20. Breakage below 91.20 will call for 90.10-89.20.


EUR/USD on Monday made an intra-day low of US$1.3570/EUR and made an intraday high of US$1.3652/EUR and settled the day up by 0.250% at US$1.3626/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3650-1.3790 targeting 1.3550-1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3550-1.3490 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Monday made an intra-day low of US$1.6336/GBP and made an intraday high of US$1.6432/GBP and settled the day up by 0.054% at US$1.6403/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Sell in between 1.6410-1.6510 with risk above 1.6520; targeting 1.6350-1.6260 and 1.6120. Buy above 1.6310-1.6250, targeting 1.6500-1.6550; breakage below 1.6200 may target 1.6140-1.6100.


USD/JPY on Monday an intra-day low of JPY103.90/USD and made an intraday high of JPY 104.94/USD and settled the day 0.052% up at JPY 104.84/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 103.90- 103.20, using a stop loss of below 102.50; targeting 105.60.


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

Re: Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Wed Jan 08, 2014 4:39 am

January 8, 2014

Gold (spot) closed up on Tuesday and made its intraday high of US$1245.14/ounce a before setting intraday low of US$1224.81/ounce. Gold went down by 0.481% at US$1231.50/ounce.
Trading Strategy: Neutral
Sell below 1234-1244; targeting 1224-1214 and 1207-1190, upside breakage of 1255 will lead to 1269-1278. Buy on dips at 1214-1207 with strict stop loss below 1198 1-hourly closing; targeting 1236-1244 and 1254-1268. Breakage below 1198 will call for 1178-1155.


Silver (spot) closed up on Tuesday made its intraday high of US$19.85/ounce after setting intraday low of US$19.60/ounce. Silver settled 0.755% down at US$19.64/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.45-20.45 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Tuesday made an intra-day high of US$94.20/bbl and made an intraday low of US$93.33/bbl and settled down by 0.384% at US$93.94/bbl on session close.
Trading Strategy: Neutral
Sell below 94.20-95.90; targeting 93.70-92.90 and 91.70-91.20; upside breakage of 96.50 will lead to 97.80-98.80. Buy above 91.70-93.20, targeting 94.20-96.30; stop loss below 91.20. Breakage below 91.20 will call for 90.10-89.20.


EUR/USD on Tuesday made an intra-day low of US$1.3595/EUR and made an intraday high of US$1.3655/EUR and settled the day up by 0.095% at US$1.3613/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3650-1.3790 targeting 1.3550-1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3600-1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Tuesday made an intra-day low of US$1.6372/GBP and made an intraday high of US$1.6437/GBP and settled the day down by 0.030% at US$1.6411/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell in between 1.6410-1.6510 with risk above 1.6520; targeting 1.6350-1.6260 and 1.6120. Buy above 1.6310-1.6250, targeting 1.6500-1.6550; breakage below 1.6200 may target 1.6140-1.6100.


USD/JPY on Tuesday an intra-day low of JPY104.16/USD and made an intraday high of JPY 104.94/USD and settled the day 0.0355% up at JPY 104.57/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 103.90- 103.20, using a stop loss of below 102.50; targeting 105.60.


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

Re: Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Thu Jan 09, 2014 5:12 am

January 9, 2014

Gold (spot) closed down on Wednesday and made its intraday high of US$1232.30/ ounce a before setting intraday low of US$1225.47/ounce. Gold went down by 0.459% at US$1225.47/ounce.
Trading Strategy: Neutral
Sell below 1232-1244; targeting 1224-1214 and 1207-1190, upside breakage of 1255 will lead to 1269-1278. Buy on dips at 1214-1201 with strict stop loss below 1198 1-hourly closing; targeting 1236-1244 and 1254-1268. Breakage below 1198 will call for 1178-1155.


Silver (spot) closed up on Wednesday made its intraday high of US$19.85/ounce after setting intraday low of US$19.29/ounce. Silver settled 1.464% down at US$19.76/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.45-20.45 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intra-day high of US$94.16/bbl and made an intraday low of US$92.25/bbl and settled down by 1.522% at US$92.52/bbl on session close.
Trading Strategy: Neutral
Buy above 91.70-92.20, targeting 93.10-94.20 and 95.70-96.50; stop loss below 91.20. Breakage below 91.20 will call for 90.10-89.20. Sell below 93.10-94.20; targeting 92.50-92.10 and 91.70-91.20; upside breakage of 95.90 will lead to 96.50- 97.10 and 97.80-98.80.


EUR/USD on Wednesday made an intra-day low of US$1.3552/EUR and made an intraday high of US$1.3634/EUR and settled the day up by 0.293% at US$1.3574/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3650-1.3790 targeting 1.3550-1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3600-1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Wednesday made an intra-day low of US$1.6375/GBP and made an intraday high of US$1.6470/GBP and settled the day down by 0.292% at US$1.6446/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Sell in between 1.6490-1.6560 with risk above 1.6560; targeting 1.6350-1.6260 and 1.6120. Buy above 1.6360-1.6260, targeting 1.6500-1.6550; breakage below 1.6250 may target 1.6200-1.6140.


USD/JPY on Wednesday an intra-day low of JPY104.57/USD and made an intraday high of JPY 105.11/USD and settled the day 0.248% up at JPY 104.83/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 103.90- 103.20, using a stop loss of below 102.50; targeting 105.60.


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

Re: Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Fri Jan 10, 2014 7:24 am

January 10, 2014

Gold (spot) closed up on Thursday and made its intraday high of US$1231.23/ounce a before setting intraday low of US$1223.47/ounce. Gold went up by 0.181% at US$1227.51/ounce.
Trading Strategy: Neutral
Sell below 1238-1254; targeting 1224-1214 and 1207-1190, upside breakage of 1255 will lead to 1269-1278. Buy on dips at 1218-1207 with strict stop loss below 1198 1-hourly closing; targeting 1236-1244 and 1254-1268. Breakage below 1198 will call for 1178-1155.


Silver (spot) closed up on Thursday made its intraday high of US$19.71/ounce before setting intraday low of US$19.40/ounce. Silver settled 0.01% up at US$19.55/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.85-20.45 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Thursday made an intra-day high of US$92.91/bbl and made an intraday low of US$91.23/bbl and settled down by 0.302% at US$92.27/bbl on session close.
Trading Strategy: Neutral
Buy above 91.10-92.20, targeting 93.10-94.20 and 95.70-96.50; stop loss below 91.20. Breakage below 91.10 will call for 90.10-89.20. Sell below 93.10-94.20; targeting 92.50-92.10 and 91.70-91.20; upside breakage of 95.90 will lead to 96.50- 97.10 and 97.80-98.80.


EUR/USD on Thursday made an intra-day low of US$1.3547/EUR and made an intraday high of US$1.3632/EUR and settled the day up by 0.253% at US$1.3606/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3600- 1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890. Sell below 1.3650-1.3790 targeting 1.3550-1.3490 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Thursday made an intra-day low of US$1.6440/GBP and made an intraday high of US$1.6496/GBP and settled the day down by 0.194% at US$1.6478/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell in between 1.6490-1.6560 with risk above 1.6560; targeting 1.6350-1.6260 and 1.6120. Buy above 1.6360-1.6260, targeting 1.6500-1.6550; breakage below 1.6250 may target 1.6200-1.6140.


USD/JPY on Thursday an intra-day low of JPY104.57/USD and made an intraday high of JPY 105.05/USD and settled the day 0.019% up at JPY 104.81/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 105.50, targeting 104.90-104.20 and 103.20. Buy on dips around 103.90-103.20, using a stop loss of below 102.50; targeting 105.60.


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

Re: Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Mon Jan 13, 2014 5:57 am

January 13, 2014

Gold (spot) closed up on Friday and made its intraday high of US$1248.22/ounce a before setting intraday low of US$1227.00/ounce. Gold went up by 1.714% at US$1248.22/ounce.
Trading Strategy: Neutral
Sell below 1254-1268; targeting 1224-1214 and 1207-1190, upside breakage of 1269 will lead to 1278-1290. Buy on dips at 1236-1246 with strict stop loss below 1218 1-hourly closing; targeting 1254-1268. Breakage below 1218 will call for 1207- 1198.


Silver (spot) closed up on Friday made its intraday high of US$20.24/ounce after setting intraday low of US$19.54/ounce. Silver settled 3.019% up at US$19.54/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.30-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Friday made an intra-day high of US$93.34/bbl and made an intraday low of US$91.98/bbl and settled up by 0.552% at US$92.80/bbl on session close.
Trading Strategy: Neutral
Buy above 91.10-92.20, targeting 93.50-94.20 and 95.60-96.50; stop loss below 91.10. Breakage below 91.10 will call for 90.10-89.20. Sell below 93.10-94.90; targeting 92.50-92.10 and 91.70-91.20; upside breakage of 94.90 will lead to 95.60- 96.00 and 97.10-97.80.


EUR/USD on Friday made an intra-day low of US$1.3571/EUR and made an intraday high of US$1.3686/EUR and settled the day up by 0.455% at US$1.3668/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3680-1.3790 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3605-1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Friday made an intra-day low of US$1.6379/GBP and made an intraday high of US$1.6515/GBP and settled the day down by 0.018% at US$1.6481/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Sell in between 1.6490-1.6560 with risk above 1.6560; targeting 1.6350-1.6260 and 1.6120. Buy above 1.6370-1.6260, targeting 1.6500-1.6550; breakage below 1.6250 may target 1.6200-1.6140.


USD/JPY on Friday an intra-day low of JPY103.82/USD and made an intraday high of JPY 105.32/USD and settled the day 0.620% down at JPY 104.16/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 105.50, targeting 104.90-104.20 and 103.20. Buy on dips around 103.90-103.20, using a stop loss of below 102.50; targeting 105.60.


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

Re: Ikon Finance Daily Forex Analysis (January)

Postby Ajawed » Thu Jan 16, 2014 7:48 am

January 16, 2014

Gold (spot) closed up on Wednesday and made its intraday high of US$1244.96/ounce a before setting intraday low of US$1234.13/ounce. Gold went down by 0.238% at US$1241.53/ounce.
Trading Strategy: Neutral
Sell below 1244-1254; targeting 1224-1214 and 1207-1190, upside breakage of 1258 will lead to 1268-1278. Buy on dips at 1232-1220 with strict stop loss below 1218 1-hourly closing; targeting 1254-1268. Breakage below 1218 will call for 1207- 1198.


Silver (spot) closed up on Wednesday made its intraday high of US$20.27/ounce after setting intraday low of US$19.92/ounce. Silver settled 0.345% down at US$20.18/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.20-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Oct 2013) on Wednesday made an intra-day high of US$94.62/bbl and made an intraday low of US$92.42/bbl and settled up by 1.791% at US$94.30/bbl on session close.
Trading Strategy: Neutral
Buy above 92.20-93.10, targeting 93.50-94.20 and 95.60-96.50; stop loss below 91.10. Breakage below 91.10 will call for 90.10-89.20. Sell below 94.20-95.60; targeting 92.50-92.10 and 91.70-91.20; upside breakage of 96.05 will lead to 97.10- 97.80.


EUR/USD on Wednesday made an intra-day low of US$1.3580/EUR and made an intraday high of US$1.3679/EUR and settled the day down by 0.533% at US$1.3604/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market,, sell below 1.3660-1.3790 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3605-1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Wednesday made an intra-day low of US$1.6321/GBP and made an intraday high of US$1.6442/GBP and settled the day down by 0.419% at US$1.6368/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Sell in between 1.6490-1.6560 with risk above 1.6560; targeting 1.6350-1.6260 and 1.6120. Buy above 1.6370-1.6260, targeting 1.6500-1.6550; breakage below 1.6250 may target 1.6200-1.6140.


USD/JPY on Wednesday an intra-day low of JPY104.04/USD and made an intraday high of JPY 104.68/USD and settled the day 0.335% up at JPY 104.54/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 105.50, targeting 104.90-104.20 and 103.20. Buy on dips around 103.90-103.20, using a stop loss of below 102.50; targeting 105.60.


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

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