Re: Ikon Finance Daily Forex Analysis (October)
Posted: Tue Oct 15, 2013 4:56 am
October 15, 2013
Gold (spot) closed down on Monday made its intraday high of US$1289.99/ounce after setting intraday low of US$1268.47/ounce. Gold went down by 0.325% at US$1271.97/ounce.
Trading Strategy: Neutral
Sell at strength at 1278-1294 targeting 1266-1260 and 1250-1235, upside breakage of 1304 will lead to 1310-1314 and 1321-1330. Buy on dips at 1254-1266 with strict stop loss below 12401 hourly closing targeting 1280-1287 and 1304-1311 break below 1240 will call for 1235-1224.
Silver (spot) closed down on Monday made its intraday high of US$21.66/ounce after setting intraday low of US$21.09/ounce. Silver settled 0.421% down at US$21.25/ounce.
Trading Strategy: Neutral
Short positions at 21.40-22.05 with stop above 22.75 targeting 20.95-20.60 and 20.10-19.80 and upside breakout of 22.75 will open the way to 23.35-23.75. Buyers can buy above 20.60-20.10 targeting 21.50-21.90 and 22.35-22.75 with risk below 19.80 hourly closing.
Crude futures (Oct 2013) on Monday made an intraday high of US$102.58/bbl and made an intraday low of US$101.05/bbl and settled down by 0.779% at US$102.13/bbl on session close.
Trading Strategy: Neutral
Sell in between 102.80-104.05 with risk above 104.40 targeting 102.80-102.20 and 101.50-101.00 upside breakage of 104.40 will lead to 1040.90-105.30 and 105.80-106.60. Buy in between 101.50-101.00 with risk below 100.90 hourly closing targeting 102.20-103.20 and 104.80-105.30. Breakage below 100.90 will call for 100.20-99.25.
EUR/USD on Monday made an intraday low of US$1.3517/EUR and made an intraday high of US$1.3580/EUR and settled the day up by 0.170% at US$1.3560/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, selling can be done below 1.3600 with risk above 1.3650 targeting 1.3490 and 1.3450-1.3380. Buying can be done above 1.3450-1.3490 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop loss with four hour closing below 1.3380.
GBP/USD on Monday made an intraday low of US$1.5953/GBP and made an intraday high of US$1.6017/GBP and settled the day down by 0.075% at US$1.5980/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above buying above 1.5940-1.5870 targeting 1.6050-1.6090 and 1.6150-1.6250 with stop loss four hour closing below 1.5870 breakage below 1.5870 targeting 1.5820-1.5750.
USD/JPY on Monday an intraday low of JPY97.91/USD and made an intraday high of JPY98.58/USD and settled the day 0.438% up at JPY98.57/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 98.50-99.50, 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
Gold (spot) closed down on Monday made its intraday high of US$1289.99/ounce after setting intraday low of US$1268.47/ounce. Gold went down by 0.325% at US$1271.97/ounce.
Trading Strategy: Neutral
Sell at strength at 1278-1294 targeting 1266-1260 and 1250-1235, upside breakage of 1304 will lead to 1310-1314 and 1321-1330. Buy on dips at 1254-1266 with strict stop loss below 12401 hourly closing targeting 1280-1287 and 1304-1311 break below 1240 will call for 1235-1224.
Silver (spot) closed down on Monday made its intraday high of US$21.66/ounce after setting intraday low of US$21.09/ounce. Silver settled 0.421% down at US$21.25/ounce.
Trading Strategy: Neutral
Short positions at 21.40-22.05 with stop above 22.75 targeting 20.95-20.60 and 20.10-19.80 and upside breakout of 22.75 will open the way to 23.35-23.75. Buyers can buy above 20.60-20.10 targeting 21.50-21.90 and 22.35-22.75 with risk below 19.80 hourly closing.
Crude futures (Oct 2013) on Monday made an intraday high of US$102.58/bbl and made an intraday low of US$101.05/bbl and settled down by 0.779% at US$102.13/bbl on session close.
Trading Strategy: Neutral
Sell in between 102.80-104.05 with risk above 104.40 targeting 102.80-102.20 and 101.50-101.00 upside breakage of 104.40 will lead to 1040.90-105.30 and 105.80-106.60. Buy in between 101.50-101.00 with risk below 100.90 hourly closing targeting 102.20-103.20 and 104.80-105.30. Breakage below 100.90 will call for 100.20-99.25.
EUR/USD on Monday made an intraday low of US$1.3517/EUR and made an intraday high of US$1.3580/EUR and settled the day up by 0.170% at US$1.3560/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, selling can be done below 1.3600 with risk above 1.3650 targeting 1.3490 and 1.3450-1.3380. Buying can be done above 1.3450-1.3490 targeting 1.3590-1.3620 and 1.3660-1.3720 with stop loss with four hour closing below 1.3380.
GBP/USD on Monday made an intraday low of US$1.5953/GBP and made an intraday high of US$1.6017/GBP and settled the day down by 0.075% at US$1.5980/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above buying above 1.5940-1.5870 targeting 1.6050-1.6090 and 1.6150-1.6250 with stop loss four hour closing below 1.5870 breakage below 1.5870 targeting 1.5820-1.5750.
USD/JPY on Monday an intraday low of JPY97.91/USD and made an intraday high of JPY98.58/USD and settled the day 0.438% up at JPY98.57/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 98.50-99.50, 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