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Topic: Ikon Markets Daily Forex Analysis (January)

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.ikonmarkets.com/daily-reports/2014/01/02/

Re: Ikon Markets Daily Forex Analysis (January)

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.ikonmarkets.com/daily-reports/2014/01/03/

Re: Ikon Markets Daily Forex Analysis (January)

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/

Re: Ikon Markets Daily Forex Analysis (January)

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://ikonmarkets.com/daily-reports/2014/01/07/

Re: Ikon Markets Daily Forex Analysis (January)

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.ikonmarkets.com/daily-reports/2014/01/08/

Re: Ikon Markets Daily Forex Analysis (January)

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.ikonmarkets.com/daily-reports/2014/01/09/

Re: Ikon Markets Daily Forex Analysis (January)

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.ikonmarkets.com/daily-reports/2014/01/10/

Re: Ikon Markets Daily Forex Analysis (January)

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://ikonmarkets.com/daily-reports/2014/01/13/

Re: Ikon Markets Daily Forex Analysis (January)

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.ikonmarkets.com/daily-reports/2014/01/16/

Re: Ikon Markets Daily Forex Analysis (January)

January 17, 2014

Gold (spot) closed up on Thursday and made its intraday high of US$1245.08/ounce a before setting intraday low of US$ 1236.22/ounce. Gold went up by 0.028% at US$ 1242.18/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 12181-hourly closing; targeting 1254-1268. Breakage below 1218 will call for 1207-1198.


Silver (spot) closed down on Thursday made its intraday high of US$20.25/ounce after setting intraday low of US$19.96/ounce. Silver settled 0.495% down at US$20.10/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 Thursday made an intra‐day high of US$94.63/bbl and made an intraday low of US$93.58/bbl and settled down by 0.159%at US$94.14/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 Thursday made an intra‐day low of US$1.3582/EUR and made an intraday high of US$1.3648/EUR and settled the day up by 0.102% at US$1.3618/EUR on session close.
Trading Strategy: Neutral
Based on the 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 1.3600-1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Thursday made an intra‐day low of US$1.6313/GBP and made an intraday high of US$1.6382/GBP and settled the day down by 0.097% at US$1.6352/GBP on session close.
Trading Strategy: Neutral
Based on the today’s market, Sell in between 1.6340-1.6410 with risk above 1.6490; targeting 1.6300-1.6240 and 1.6120.Buy above 1.6300-1.6240, targeting 1.6500-1.6550; breakage below 1.6240 may target 1.6200-1.6140.


USD/JPY on Thursday an intra‐day low of JPY104.14/USD and made an intraday high of JPY104.91/USD and settled the day 0.200% down at JPY104.33/USD on session close.
Trading Strategy: Neutral
Based on the today’s market, sell below 105.50, targeting 104.90-104.20 and 103.20. Buyon dips around 103.90-103.20, using a stop loss of below 102.50; targeting 105.60.


http://www.ikonmarkets.com/daily-reports/2014/01/17/

Re: Ikon Markets Daily Forex Analysis (January)

January 20, 2014

Gold (spot) closed up on Friday and made its intraday high of US$1254.63/ounce a before setting intraday low of US$1238.73/ounce. Gold went up by 0.934% at US$1253.80/ounce.
Trading Strategy: Neutral
Sell below 1258-1268; targeting 1224-1214 and 1207-1190, upside breakage of 1268 will lead to 1278-1288.Buy on dips at 1234-1244with strict stop loss below 12341-hourly closing; targeting 1254-1268. Breakage below 1234 will call for 1224-1218 and 1207.


Silver (spot) closed upon Friday made its intraday high of US$20.42/ounce after setting intraday low of US$19.97/ounce. Silver settled 0.895% up at US$20.29/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.45-20.65 with stop above 20.70; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.70 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$94.91/bbl and made an intraday low of US$93.93/bbl and settled down by 0.031% at US$94.09/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 Friday made an intra‐day low of US$1.3516/EUR and made an intraday high of US$1.3620/EUR and settled the day down by 0.572% at US$1.3540/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 1.3600-1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Friday made an intra‐day low of US$1.6308/GBP and made an intraday high of US$1.6457/GBP and settled the day down by 0.428% at US$1.6422/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Sell in between 1.6410-1.6490 with risk above 1.6490; targeting 1.6300-1.6240 and 1.6120.Buy above 1.6300-1.6240, targeting 1.6500-1.6550; breakage below 1.6240 may target 1.6200-1.6140.


USD/JPY on Friday an intra‐day low of JPY104.18/USD and made an intraday high of JPY104.46/USD and settled the day 0.038% down at JPY104.30/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 105.50, targeting 104.90-104.20 and 103.20. Buyon dips around 103.90-103.20, using a stop loss of below 102.50; targeting 105.60.


http://www.ikonmarkets.com/daily-reports/2014/01/20/

Re: Ikon Markets Daily Forex Analysis (January)

January 21, 2014

Gold (spot) closed up on Monday and made its intraday high of US$1261.23/ounce a before setting intraday low of US$1252.44/ounce. Gold went up by 0.156% at US$1254.70/ounce.
Trading Strategy: Neutral
Sell below 1254-1268; targeting 1224-1214 and 1207-1190, upside breakage of 1268 will lead to 1278-1288. Buy on dips at 1234-1244 with strict stop loss below 1234 1-hourly closing; targeting 1254-1268. Breakage below 1234 will call for 1224- 1218 and 1207.


Silver (spot) closed up on Monday made its intraday high of US$20.41/ounce after setting intraday low of US$20.25/ounce. Silver settled 0.098% up at US$20.29/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.45-20.65 with stop above 20.70; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.70 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 (Mar 2014) on Monday made an intra-day high of US$94.36/bbl and made an intraday low of US$93.63/bbl and settled down by 0.031% at US$94.00/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 94.50-95.60; 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 Monday made an intra-day low of US$1.3506/EUR and made an intraday high of US$1.3567/EUR and settled the day down by 0.110% at US$1.3550/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 1.3600-1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.


GBP/USD on Monday made an intra-day low of US$1.6394/GBP and made an intraday high of US$1.6451/GBP and settled the day up by 0.060% at US$1.6425/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell in between 1.6450-1.6530 with risk above 1.6530; targeting 1.6300-1.6240 and 1.6120. Buy above 1.6350-1.6240, targeting 1.6500-1.6550; breakage below 1.6240 may target 1.6200-1.6140.


USD/JPY on Monday an intra-day low of JPY103.85/USD and made an intraday high of JPY 104.30/USD and settled the day 0.364% up 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.ikonmarkets.com/daily-reports/2014/01/21/

Re: Ikon Markets Daily Forex Analysis (January)

January 22, 2014

Gold (spot) closed down on Tuesday and made its intraday high of US$1255.47/ounce a before setting intraday low of US$1235.53/ounce. Gold went down by 1.107% at US$1240.74/ounce.
Trading Strategy: Neutral
Sell below 1254-1268; targeting 1224-1214 and 1207-1190, upside breakage of 1268 will lead to 1278-1288. Buy on dips at 1224-1236 with strict stop loss below 1218 1-hourly closing; targeting 1254-1268. Breakage below 1218 will call for 1214- 1207.


Silver (spot) closed up on Tuesday made its intraday high of US$20.32/ounce after setting intraday low of US$19.89/ounce. Silver settled 1.874% down at US$19.89/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.05-20.65 with stop above 20.70; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.70 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.70 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Mar 2014) on Tuesday made an intra-day high of US$95.44/bbl and made an intraday low of US$93.91/bbl and settled up by 1.330% at US$95.20/bbl on session close.
Trading Strategy: Neutral
Buy above 93.10-94.20, targeting 95.60-96.40 and 97.50; stop loss below 92.20. Breakage below 92.20 will call for 90.10-89.20. Sell below 95.60-96.05; targeting 94.70-94.20 and 93.60-92.50; upside breakage of 96.05 will lead to 96.40-97.50.


EUR/USD on Tuesday made an intra-day low of US$1.3515/EUR and made an intraday high of US$1.3568/EUR and settled the day down by 0.066% at US$1.3559/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3590-1.3730 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3730. Buy on dips in between 1.3530-1.3470 with risk below 1.3470, targeting 1.3590-1.3730 and 1.3830.


GBP/USD on Tuesday made an intra-day low of US$1.6398/GBP and made an intraday high of US$1.6484/GBP and settled the day up by 0.030% at US$1.6475/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell in between 1.6500-1.6600 with risk above 1.6600; targeting 1.6425-1.6300 and 1.624-1.6120. Buy above 1.6425- 1.6300, targeting 1.6500-1.6550; breakage below 1.6300 may target 1.6200-1.6140.


USD/JPY on Tuesday an intra-day low of JPY104.01/USD and made an intraday high of JPY 104.73/USD and settled the day 0.155% up at JPY 104.28/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.ikonmarkets.com/daily-reports/2014/01/22/

Re: Ikon Markets Daily Forex Analysis (January)

January 23, 2014

Gold (spot) closed down on Wednesday and made its intraday high of US$1243.57/ ounce a before setting intraday low of US$1235.67/ounce. Gold went down by 0.251% at US$1236.73/ounce.
Trading Strategy: Neutral
Sell below 1244-1258; targeting 1224-1214 and 1207-1190, upside breakage of 1262 will lead to 1268-1278 and 1288. Buy on dips at 1218-1230 with strict stop loss below 1218 1-hourly closing; targeting 1244-1254 and 1262-1268. Breakage below 1218 will call for 1214-1207.


Silver (spot) closed up on Wednesday made its intraday high of US$19.93/ounce after setting intraday low of US$19.73/ounce. Silver settled 0.533% down at US$19.77/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.05-20.65 with stop above 20.70; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.70 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.70 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Mar 2014) on Wednesday made an intra-day high of US$96.87/bbl and made an intraday low of US$95.11/bbl and settled up by 1.607% at US$96.72/bbl on session close.
Trading Strategy: Neutral
Buy above 96.00-94.80, targeting 97.05-97.50 and 98.50; stop loss below 94.70. Breakage below 94.70 will call for 94.20-93.40. Sell below 97.05-97.50; targeting 94.70-94.20 and 93.60-92.50; upside breakage of 98.50 will lead to 99.30-100.70.


EUR/USD on Wednesday made an intra-day low of US$1.3533/EUR and made an intraday high of US$1.3582/EUR and settled the day down by 0.095% at US$1.3546/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3570-1.3730 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3730. Buy on dips in between 1.3530-1.3470 with risk below 1.3470, targeting 1.3590-1.3730 and 1.3830.


GBP/USD on Wednesday made an intra-day low of US$1.6449/GBP and made an intraday high of US$1.6585/GBP and settled the day up by 0.594% at US$1.6572/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6600, targeting 1.6425- 1.6300 and 1.624-1.6120; breakage above 1.6600 will lead to 1.6750. Buy above 1.6425-1.6300, targeting 1.6500-1.6550; breakage below 1.6300 may target 1.6200- 1.6140.


USD/JPY on Wednesday an intra-day low of JPY103.96/USD and made an intraday high of JPY 104.57/USD and settled the day 0.210% up at JPY 104.57/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.ikonmarkets.com/daily-reports/2014/01/23/

Re: Ikon Markets Daily Forex Analysis (January)

January 24, 2014

Gold (spot) closed up on Thursday and made its intraday high of US$1265.46/ounce a before setting intraday low of US$1231.45/ounce. Gold went up by 2.228% at US$1263.36/ounce.


Trading Strategy: Neutral

Sell below 1268-1278; targeting 1224-1214 and 1207-1190, upside breakage of 1284 will lead to 1290-1300. Buy on dips at 1230-1244 with strict stop loss below 1218 1-hourly closing; targeting 1262-1268 and 1278. Breakage below 1218 will call for 1214-1207.


Silver (spot) closed up on Thursday made its intraday high of US$20.29/ounce after setting intraday low of US$19.62/ounce. Silver settled 1.417% up at US$20.03/ounce.

Trading Strategy: Neutral

Sell on Strength at 20.20-20.65 with stop above 20.70; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.70 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.70 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Mar 2014) on Thursday made an intra-day high of US$97.82/bbl and made an intraday low of US$96.40/bbl and settled up by 0.672% at US$97.33/bbl on session close.

Trading Strategy: Neutral

Buy above 96.15-94.80, targeting 97.05-97.50 and 98.50; stop loss below 94.70. Breakage below 94.70 will call for 94.20-93.40. Sell below 97.50-98.50; targeting 94.70-94.20 and 93.60-92.50; upside breakage of 98.50 will lead to 99.30-100.70.


EUR/USD on Thursday made an intra-day low of US$1.3529/EUR and made an intraday high of US$1.3697/EUR and settled the day down by 1.092% at US$1.3546/ EUR on session close.


Trading Strategy: Neutral

Based on the charts and explanations above, sell below 1.3705-1.3790 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3630-1.3470 with risk below 1.3470, targeting 1.3590-1.3730 and 1.3830.


GBP/USD on Thursday made an intra-day low of US$1.6555/GBP and made an intraday high of US$1.6635/GBP and settled the day up by 0.380% at US$1.6635/ GBP on session close.

Trading Strategy: Neutral

Based on the charts and explanations above; Sell below 1.6700, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6750. Buy above 1.6600- 1.6500, targeting 1.6455-1.6390; breakage below 1.6390 may target 1.6300-1.6200 and 1.6140.



USD/JPY on Thursday an intra-day low of JPY102.96/USD and made an intraday high of JPY 104.83/USD and settled the day 1.196% down at JPY 103.25/USD on session close.

Trading Strategy: Neutral

Based on the charts and explanations above; sell below 103.90-104.90, targeting 103.20-102.50 with stop above 104.90. Buy on dips around 103.50- 102.50, using a stop loss of below 102.50; targeting 103.90-104.90 and 105.60.

http://www.ikonmarkets.com/daily-reports/2014/01/24/

Re: Ikon Markets Daily Forex Analysis (January)

January 27, 2014

Gold (spot) closed up on Friday and made its intraday high of US$1265.46/ounce a before setting intraday low of US$1231.45/ounce. Gold went up by 2.228% at US$1263.36/ounce.
Trading Strategy: Neutral
Sell below 1276-1284; targeting 1224-1214 and 1207-1190, upside breakage of 1284 will lead to 1290-1300. Buy on dips at 1230-1244 with strict stop loss below 1218 1-hourly closing; targeting 1262-1268 and 1278. Breakage below 1218 will call for 1214-1207.


Silver (spot) closed up on Friday made its intraday high of US$20.27/ounce after setting intraday low of US$19.72/ounce. Silver settled 0.450% down at US$19.90/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.20-20.65 with stop above 20.70; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.70 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.70 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.

Crude futures (Mar 2014) on Friday made an intra-day high of US$97.78/bbl and made an intraday low of US$96.24/bbl and settled down by 0.493% at US$96.87/bbl on session close.
Trading Strategy: Neutral
Buy above 96.15-94.80, targeting 97.05-97.50 and 98.50; stop loss below 94.70. Breakage below 94.70 will call for 94.20-93.40. Sell below 97.50-98.50; targeting 94.70-94.20 and 93.60-92.50; upside breakage of 98.50 will lead to 99.30-100.70.


EUR/USD on Friday made an intra-day low of US$1.3661/EUR and made an intraday high of US$1.3738/EUR and settled the day down by 0.131% at US$1.3676/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3705-1.3790 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3630-1.3520 with risk below 1.3490, targeting 1.3590-1.3730 and 1.3830.


GBP/USD on Friday made an intra-day low of US$1.6477/GBP and made an intraday high of US$1.6667/GBP and settled the day down by 0.919% at US$1.6487/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6600, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6490-1.6370, targeting 1.6600-1.6700; breakage below 1.6350 may target 1.6300- 1.6200 and 1.6140.


USD/JPY on Thursday an intra-day low of JPY102.96/USD and made an intraday high of JPY 104.83/USD and settled the day 1.196% down at JPY 103.25/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 103.90-104.90, targeting 103.20-102.50 with stop above 104.90. Buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90 and 105.60.


http://www.ikonmarkets.com/daily-reports/2014/01/27/

Re: Ikon Markets Daily Forex Analysis (January)

January 28, 2014

Gold (spot) closed up on Monday and made its intraday high of US$1278.90/ounce a before setting intraday low of US$1251.88/ounce. Gold went up by 1.044% at US$1256.50/ounce.
Trading Strategy: Neutral
Sell below 1265-1284; targeting 1250-1244 and 1232-1224, upside breakage of 1284 will lead to 1290-1300. Buy on dips at 1234-1250 with strict stop loss below 1226 1-hourly closing; targeting 1262-1268 and 1278. Breakage below 1226 will call for 1214-1207.


Silver (spot) closed up on Monday made its intraday high of US$20.08/ounce after setting intraday low of US$19.54/ounce. Silver settled 1.155% down at US$19.68/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.05-20.45 with stop above 20.70; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.70 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.60 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.


Crude futures (Mar 2014) on Monday made an intra-day high of US$97.16/bbl and made an intraday low of US$95.20/bbl and settled down by 1.310% at US$95.63/bbl on session close.
Trading Strategy: Neutral
Buy above 95.40-93.80, targeting 96.30-97.05 and 97.90-98.50; stop loss below 93.60. Breakage below 94.70 will call for 94.20-93.40. Sell below 96.40-97.50; targeting 95.40-94.70 and 93.60-92.50; upside breakage of 98.50 will lead to 99.30- 100.70.


EUR/USD on Monday made an intra-day low of US$1.3652/EUR and made an intraday high of US$1.3715/EUR and settled the day down by 0.0356% at US$1.3671/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3705-1.3790 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3630-1.3520 with risk below 1.3490, targeting 1.3590-1.3730 and 1.3830.


GBP/USD on Monday made an intra-day low of US$1.6472/GBP and made an intraday high of US$1.6587/GBP and settled the day down by 0.490% at US$1.6582/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6600, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6490-1.6370, targeting 1.6600-1.6700; breakage below 1.6350 may target 1.6300- 1.6200 and 1.6140.


USD/JPY on Monday an intra-day low of JPY101.76/USD and made an intraday high of JPY 102.92/USD and settled the day 0.313% up at JPY 102.53/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 103.90-104.90, targeting 103.20-102.50 with stop above 104.90. Buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90 and 105.60.


http://www.ikonmarkets.com/daily-reports/2014/01/28/

Re: Ikon Markets Daily Forex Analysis (January)

January 29, 2014

Gold closed up on Tuesday and made its intraday high of US$1261.24/ounce a before setting intraday low of US$1248.93/ounce. Gold went up by 0.131% at US$1256.13/ ounce.
Trading Strategy: Neutral
Sell below 1261-1278; targeting 1250-1244 and 1232-1224, upside breakage of 1280 will lead to 1290-1300. Buy on dips at 1234-1250 with strict stop loss below 1226 1-hourly closing; targeting 1262-1268 and 1278. Breakage below 1226 will call for 1214-1207.


Silver closed up on Tuesday made its intraday high of US$19.83/ounce after setting intraday low of US$19.45/ounce. Silver settled 0.407% down at US$19.57/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.80-20.45 with stop above 20.70; targeting 19.50-19.10 and 18.90-18.70; upside breakout of 20.70 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.50 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Mar 2014) on Tuesday made an intra-day high of US$97.1/bbl and made an intraday low of US$95.62/bbl and settled down by 1.599% at US$97.17/bbl on session close.
Trading Strategy: Neutral
Buy above 95.40-93.80, targeting 96.30-97.05 and 97.90-98.50; stop loss below 93.60. Breakage below 94.70 will call for 94.20-93.40. Sell below 97.50-98.50; targeting 95.40-94.70 and 93.60-92.50; upside breakage of 98.50 will lead to 99.30- 100.70.


EUR/USD on Tuesday made an intra-day low of US$1.3628/EUR and made an intraday high of US$1.3687/EUR and settled the day down by 0.0141% at US$1.3669/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3705-1.3790 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3630-1.3520 with risk below 1.3490, targeting 1.3590-1.3730 and 1.3830.


GBP/USD on Tuesday made an intra-day low of US$1.6532/GBP and made an intraday high of US$1.6624/GBP and settled the day down by 0.030% at US$1.6577/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6600, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6490-1.6370, targeting 1.6600-1.6700; breakage below 1.6350 may target 1.6300- 1.6200 and 1.6140.


USD/JPY on Tuesday an intra-day low of JPY102.47/USD and made an intraday high of JPY 103.94/USD and settled the day 0.380% up at JPY 102.92/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 103.90-104.90, targeting 103.20-102.50 with stop above 104.90. Buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90 and 105.60.


http://www.ikonmarkets.com/daily-reports/2014/01/29/

Re: Ikon Markets Daily Forex Analysis (January)

January 30, 2014

Gold closed up on Wednesday and made its intraday high of US$1270.07/ounce a before setting intraday low of US$1248.85/ounce. Gold went up by 1.021% at US$1267.37/ounce.
Trading Strategy: Neutral
Sell below 1266-1278; targeting 1250-1244 and 1232-1224, upside breakage of 1280 will lead to 1290-1300. Buy on dips at 1234-1250 with strict stop loss below 1226 1-hourly closing; targeting 1262-1268 and 1278. Breakage below 1226 will call for 1214-1207.


Silver closed up on Wednesday made its intraday high of US$19.96/ounce after setting intraday low of US$19.46/ounce. Silver settled 0.972% down at US$19.73/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.80-20.45 with stop above 20.70; targeting 19.50-19.10 and 18.90-18.70; upside breakout of 20.70 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.50 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Mar 2014) on Wednesday made an intra-day high of US$97.70/bbl and made an intraday low of US$96.35/bbl and settled up by 0.277% at US$97.43/bbl on session close.
Trading Strategy: Neutral
Buy above 95.40-93.80, targeting 96.30-97.05 and 97.90-98.50; stop loss below 93.60. Breakage below 94.70 will call for 94.20-93.40. Sell below 97.50-98.50; targeting 95.40-94.70 and 93.60-92.50; upside breakage of 98.50 will lead to 99.30- 100.70.


EUR/USD on Wednesday made an intra-day low of US$1.3602/EUR and made an intraday high of US$1.3683/EUR and settled the day down by 0.051% at US$1.3662/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3690-1.3790 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3620-1.3520 with risk below 1.3490, targeting 1.3590-1.3730 and 1.3830.


GBP/USD on Wednesday made an intra-day low of US$1.6524/GBP and made an intraday high of US$1.6605/GBP and settled the day down by 0.0965% at US$1.6561/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6600, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6490-1.6370, targeting 1.6600-1.6700; breakage below 1.6350 may target 1.6300- 1.6200 and 1.6140.


USD/JPY on Wednesday an intra-day low of JPY102.27/USD and made an intraday high of JPY 103.43/USD and settled the day 0.631% down at JPY 102.27/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 103.20-103.90, targeting 102.50-101.50 with stop above 104.90. Buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90 and 105.60.


http://www.ikonmarkets.com/daily-reports/2014/01/30/

Re: Ikon Markets Daily Forex Analysis (January)

January 31, 2014

Gold closed down on Thursday and made its intraday high of US$1267.77/ounce a before setting intraday low of US$1237.91/ounce. Gold went down by 1.817% at US$1267.37/ounce.
Trading Strategy: Neutral
Sell below 1252-1268; targeting 1250-1244 and 1232-1224, upside breakage of 1272 will lead to 1284-1290 and 1300. Buy on dips at 1226-1238 with strict stop loss below 1218 4-hourly closing; targeting 1250-1262 and 1268-1278. Breakage below 1218 will call for 1214-1207.


Silver closed down on Thursday made its intraday high of US$19.72/ounce after setting intraday low of US$18.98/ounce. Silver settled 2.791% down at US$19.15/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.40-20.25 with stop above 20.50; targeting 19.05-18.70 and 18.50; upside breakout of 20.50 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 18.70-19.10 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Mar 2014) on Thursday made an intra-day high of US$98.57/bbl and made an intraday low of US$97.33/bbl and settled up by 0.626% at US$98.03/bbl on session close.
Trading Strategy: Neutral
Buy above 97.30-95.40, targeting 96.30-97.05 and 97.90-98.50; stop loss below 93.60. Breakage below 95.40 will call for 94.70-94.20 and 93.40. Sell below 98.50- 99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.30 will lead to 100.70-101.50.


EUR/USD on Thursday made an intra-day low of US$1.3542/EUR and made an intraday high of US$1.3664/EUR and settled the day down by 0.790% at US$1.3552/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3590-1.3690 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3530-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830.


GBP/USD on Thursday made an intra-day low of US$1.6482/GBP and made an intraday high of US$1.6566/GBP and settled the day down by 0.477% at US$1.6482/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6530-1.6600, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6440-1.6370, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6300 may target 1.6200 and 1.6140.


USD/JPY on Thursday an intra-day low of JPY102.07/USD and made an intraday high of JPY 102.88/USD and settled the day 0.420% up at JPY 102.70/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 103.20-103.90, targeting 102.50-101.50 with stop above 104.90. Buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90 and 105.60.


http://www.ikonmarkets.com/daily-reports/2014/01/31/

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