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Posts: 18

Topic: Ikon Markets Daily Forex Analysis (February)

February 3, 2014

Gold closed down on Friday and made its intraday high of US$1254.59/ounce a before setting intraday low of US$1238.23/ounce. Gold went up by 0.086% at US$1243.78/ 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 Friday made its intraday high of US$19.47/ounce after setting intraday low of US$19.07/ounce. Silver settled 0.052% 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 Friday made an intra-day high of US$98.36/bbl and made an intraday low of US$97.08/bbl and settled down by 0.500% at US$97.46/bbl on session close.
Trading Strategy: Neutral
Buy above 96.40-95.40, 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 97.50- 99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.60 will lead to 100.70-101.50.


EUR/USD on Friday made an intra-day low of US$1.3578/EUR and made an intraday high of US$1.3572/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 1.375-1.3430 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 1.6480-1.6560, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6405-1.6300, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6290 may target 1.6200 and 1.6140.


USD/JPY on Friday an intra-day low of JPY102.07/USD and made an intraday high of JPY 102.88/USD and settled the day 0.691% down at JPY 101.99/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/2014/02/03/

Re: Ikon Markets Daily Forex Analysis (February)

February 4, 2014

Gold closed up on Monday and made its intraday high of US$1266.33/ounce a before setting intraday low of US$1240.88/ounce. Gold went up by 1.213% at US$1257.34/ ounce.
Trading Strategy: Neutral
Sell below 1262-1272; targeting 1255-1244 and 1238-1224, upside breakage of 1278 will lead to 1284-1290 and 1300. Buy on dips at 238-1250 with strict stop loss below 1235 4-hourly closing; targeting 1262-1268 and 1278-1284. Breakage below 1235 will call for 1214-1207.


Silver closed down on Monday made its intraday high of US$19.63/ounce after setting intraday low of US$19.06/ounce. Silver settled 1.046% up at US$19.32/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 Monday made an intra-day high of US$97.92/bbl and made an intraday low of US$96.25/bbl and settled down by 0.759% at US$96.64/bbl on session close.
Trading Strategy: Neutral
Buy above 96.40-95.40, 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 97.50-99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.60 will lead to 100.70-101.50.


EUR/USD on Monday made an intra-day low of US$1.3476/EUR and made an intraday high of US$1.3534/EUR and settled the day up by 0.318% at US$1.3524/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3505-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830. Sell below 1.3590-1.3690 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Monday made an intra-day low of US$1.6289/GBP and made an intraday high of US$1.6439/GBP and settled the day down by 0.700% at US$1.6302/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6480-1.6560, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6405-1.6300, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6290 may target 1.6200 and 1.6140.


USD/JPY on Monday an intra-day low of JPY100.76/USD and made an intraday high of JPY 102.76/USD and settled the day 1.00% down at JPY 100.96/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 101.00-100.50, using a stop loss of below 100.50; targeting 101.50-102.50 and 103.90-104.90.


http://ikonmarkets.com/daily-reports/2014/02/04/

Re: Ikon Markets Daily Forex Analysis (February)

February 5, 2014

Gold closed up on Tuesday and made its intraday high of US$1261.09/ounce a before setting intraday low of US$1246.98/ounce. Gold went down by 0.308% at US$1254.07/ ounce.
Trading Strategy: Neutral
Sell below 1260-1272; targeting 1250-1244 and 1238-1224, upside breakage of 1278 will lead to 1284-1290 and 1300. Buy on dips at 1238-1250 with strict stop loss below 1235 4-hourly closing; targeting 1262-1268 and 1278-1284. Breakage below 1235 will call for 1214-1207.


Silver closed up on Tuesday made its intraday high of US$19.53/ounce after setting intraday low of US$19.25/ounce. Silver settled 0.724% up at US$19.47/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.70-20.25 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 Tuesday made an intra-day high of US$97.78/bbl and made an intraday low of US$96.35/bbl and settled up by 1.243% at US$97.72/bbl on session close.
Trading Strategy: Neutral
Buy above 96.40-95.40, 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 97.50- 99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.60 will lead to 100.70-101.50.


EUR/USD on Tuesday made an intra-day low of US$1.3492/EUR and made an intraday high of US$1.3537/EUR and settled the day down by 0.059% at US$1.3516/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3505- 1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830. Sell below 1.3590-1.3690 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Tuesday made an intra-day low of US$1.6255/GBP and made an intraday high of US$1.6343/GBP and settled the day up by 0.128% at US$1.6323/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6480-1.6560, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6405-1.6300, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6290 may target 1.6200 and 1.6140.


USD/JPY on Tuesday an intra-day low of JPY100.74/USD and made an intraday high of JPY 101.66/USD and settled the day 0.653% down at JPY 101.62/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 101.00- 100.50, using a stop loss of below 100.50; targeting 101.50-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/05/

Re: Ikon Markets Daily Forex Analysis (February)

February 6, 2014

Gold closed up on Wednesday and made its intraday high of US$1274.19/ounce a before setting intraday low of US$1252.29/ounce. Gold went up by 0.313% at US$1257.43/ounce.
Trading Strategy: Neutral
Sell below 1262-1274; targeting 1250-1244 and 1238-1224, upside breakage of 1278 will lead to 1284-1290 and 1300. Buy on dips at 1238-1250 with strict stop loss below 1235 4-hourly closing; targeting 1262-1268 and 1278-1284. Breakage below 1235 will call for 1214-1207.


Silver closed up on Wednesday made its intraday high of US$20.26/ounce after setting intraday low of US$19.43/ounce. Silver settled 1.950% up at US$19.86/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.25-20.50 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 19.10-19.70 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$98.23/bbl and made an intraday low of US$96.80/bbl and settled up by 0.368% at US$97.29/bbl on session close.
Trading Strategy: Neutral
Buy above 96.70-95.40, 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 97.90- 99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.60 will lead to 100.70-101.50.


EUR/USD on Wednesday made an intra-day low of US$1.3497/EUR and made an intraday high of US$1.3554/EUR and settled the day up by 0.118% at US$1.3532/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3505- 1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830. Sell below 1.3590-1.3690 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Wednesday made an intra-day low of US$1.6251/GBP and made an intraday high of US$1.6340/GBP and settled the day down by 0.098% at US$1.6307/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6360-1.6480, targeting 1.6300-1.6240 and 1.6170; breakage above 1.6500 will lead to 1.6600-1.6690. Buy above 1.6250-1.6170, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6170 may target 1.6140-1.6100.


USD/JPY on Wednesday an intra-day low of JPY100.79/USD and made an intraday high of JPY 101.75/USD and settled the day 0.186% down at JPY 101.43/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.50-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/06/

Re: Ikon Markets Daily Forex Analysis (February)

February 7, 2014

Gold closed up on Thursday and made its intraday high of US$1266.62/ounce a before setting intraday low of US$1252.78/ounce. Gold went down by 0.007% at US$1257.40/ ounce.
Trading Strategy: Neutral
Sell below 1262-1274; targeting 1250-1244 and 1238-1224, upside breakage of 1278 will lead to 1284-1290 and 1300. Buy on dips at 1238-1250 with strict stop loss below 1235 4-hourly closing; targeting 1262-1268 and 1278-1284. Breakage below 1235 will call for 1214-1207.


Silver closed up on Thursday made its intraday high of US$20.17/ounce after setting intraday low of US$19.85/ounce. Silver settled 0.453% up at US$19.94/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.15-20.50 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 19.10-19.70 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$98.80/bbl and made an intraday low of US$97.22/bbl and settled up by 0.709% at US$97.91/bbl on session close.
Trading Strategy: Neutral
Buy above 97.20-95.40, 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 97.90- 99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.60 will lead to 100.70-101.50.


EUR/USD on Thursday made an intra-day low of US$1.3481/EUR and made an intraday high of US$1.3618/EUR and settled the day up by 0.421% at US$1.3588/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3600-1.3690 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3740. Buy on dips in between 1.3550-1.3430 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$1.6271/GBP and made an intraday high of US$1.6347/GBP and settled the day up by 0.073% at US$1.6319/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6360-1.6480, targeting 1.6300-1.6240 and 1.6170; breakage above 1.6500 will lead to 1.6600-1.6690. Buy above 1.6250-1.6170, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6170 may target 1.6140-1.6100.


USD/JPY on Thursday an intra-day low of JPY101.23/USD and made an intraday high of JPY 102.16/USD and settled the day 0.650% up at JPY 102.09/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.50-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/07/

Re: Ikon Markets Daily Forex Analysis (February)

February 10, 2014

Gold closed up on Friday and made its intraday high of US$1271.41/ounce a before setting intraday low of US$1255.93/ounce. Gold went up by 0.820% at US$1266.93/ ounce.
Trading Strategy: Neutral
Sell below 1268-1278; targeting 1250-1244 and 1238-1224, upside breakage of 1280 will lead to 1284-1290 and 1300. Buy on dips at 1244-1254 with strict stop loss below 1235 4-hourly closing; targeting 1262-1268 and 1278-1284. Breakage below 1235 will call for 1214-1207.


Silver closed up on Friday made its intraday high of US$20.09/ounce after setting intraday low of US$19.75/ounce. Silver settled 0.451% up at US$20.01/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.25-20.50 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 19.10-19.70 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Mar 2014) on Friday made an intra-day high of US$100.21/bbl and made an intraday low of US$97.12/bbl and settled up by 2.164% at US$100.07/bbl on session close.
Trading Strategy: Neutral
Sell below 100.30-101.70; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 101.70 will lead to 102.50. Buy above 99.30-98.50, targeting 100.30-100.70 and 101.70-102.50; stop loss 4 hour below 97.00. Breakage below 97.00 will call for 96.40-95.30 and 94.70-94.20.

EUR/USD on Friday made an intra-day low of US$1.3551/EUR and made an intraday high of US$1.3641/EUR and settled the day up by 0.338% at US$1.3634/EUR on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, sell below 1.3640-1.3740 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3740. Buy on dips in between 1.3550-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830.


GBP/USD on Friday made an intra-day low of US$1.6271/GBP and made an intraday high of US$1.6416/GBP and settled the day up by 0.557% at US$1.6298/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6440-1.6530, targeting 1.6350-1.6250 and 1.6170; breakage above 1.6600 will lead to 1.6690. Buy above 1.6300-1.6170, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6170 may target 1.6140-1.6100.


USD/JPY on Friday an intra-day low of JPY101.43/USD and made an intraday high of JPY 102.57/USD and settled the day 0.225% up at JPY 102.32/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/10/

Re: Ikon Markets Daily Forex Analysis (February)

February 11, 2014

Gold closed up on Monday and made its intraday high of US$1277.92/ounce a before setting intraday low of US$1264.95/ounce. Gold went up by 0.713% at US$1274.16/ ounce.
Trading Strategy: Neutral
Buy on dips at 1278-1270 with strict stop loss below 1268 4-hourly closing; targeting 1286-1294 and 1300-1309. Breakage below 1268 will call for 1260-1252. Sell below 1289-1300; targeting 1278-1274 and 1268-1260, upside breakage of 1309 will lead to 1320-1330.


Silver closed up on Friday made its intraday high of US$20.09/ounce after setting intraday low of US$19.75/ounce. Silver settled 0.451% up at US$20.01/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.25-20.50 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 19.10-19.70 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (Mar 2014) on Monday made an intra-day high of US$100.52/bbl and made an intraday low of US$98.08/bbl and settled down by 0.049% at US$99.97/bbl on session close.
Trading Strategy: Neutral
Sell below 100.50-101.70; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 101.70 will lead to 102.50. Buy above 99.30-98.50, targeting 100.30-100.70 and 101.70-102.50; stop loss 4 hour below 97.00. Breakage below 97.00 will call for 96.40-95.30 and 94.70-94.20.


EUR/USD on Monday made an intra-day low of US$1.3614/EUR and made an intraday high of US$1.3650/EUR and settled the day up by 0.213% at US$1.3643/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3690-1.3740 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3740. Buy on dips in between 1.3550-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830.

GBP/USD on Monday made an intra-day low of US$1.6381/GBP and made an intraday high of US$1.6426/GBP and settled the day up by 0.0243% at US$1.6400/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6440-1.6530, targeting 1.6350-1.6250 and 1.6170; breakage above 1.6600 will lead to 1.6690. Buy above 1.6300-1.6170, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6170 may target 1.6140-1.6100.

USD/JPY on Monday an intra-day low of JPY101.98/USD and made an intraday high of JPY 102.63/USD and settled the day 0.273% down at JPY 102.24/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/11/

Re: Ikon Markets Daily Forex Analysis (February)

February 12, 2014

Gold closed up on Tuesday and made its intraday high of US$1293.87/ounce a before setting intraday low of US$1273.23/ounce. Gold went up by 1.351% at US$1291.17/ ounce.
Trading Strategy: Neutral
Buy on dips at 1278-1270 with strict stop loss below 1268 4-hourly closing; targeting 1286-1294 and 1300-1309. Breakage below 1268 will call for 1260-1252. Sell below 1289-1300; targeting 1278-1274 and 1268-1260, upside breakage of 1309 will lead to 1320-1330.


Silver closed up on Tuesday made its intraday high of US$20.29/ounce after setting intraday low of US$19.92/ounce. Silver settled 0.747% up at US$20.21/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.25-20.50 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 19.10-19.70 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$100.56/bbl and made an intraday low of US$99.58/bbl and settled down by 0.430% at US$100.37/bbl on session close.
Trading Strategy: Neutral
Sell below 100.50-101.70; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 101.70 will lead to 102.50. Buy above 99.30-98.50, targeting 100.30-100.70 and 101.70-102.50; stop loss 4 hour below 97.00. Breakage below 97.00 will call for 96.40-95.30 and 94.70-94.20.


EUR/USD on Tuesday made an intra-day low of US$1.3628/EUR and made an intraday high of US$1.3682/EUR and settled the day down by 0.0439% at US$1.3637/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3690-1.3740 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3740. Buy on dips in between 1.3550-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830.


GBP/USD on Tuesday made an intra-day low of US$1.6391/GBP and made an intraday high of US$1.6486/GBP and settled the day up by 0.292% at US$1.6447/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6440-1.6530, targeting 1.6350-1.6250 and 1.6170; breakage above 1.6600 will lead to 1.6690. Buy above 1.6300-1.6170, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6170 may target 1.6140-1.6100.


USD/JPY on Tuesday an intra-day low of JPY102.06/USD and made an intraday high of JPY 102.69/USD and settled the day 0.361% up at JPY 102.61/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/12/

Re: Ikon Markets Daily Forex Analysis (February)

February 13, 2014

Gold closed up on Wednesday and made its intraday high of US$1296.36/ounce a before setting intraday low of US$1284.06/ounce. Gold went up by 0.63% at US$1290.89/ounce.
Trading Strategy: Neutral
Buy on dips at 1278-1270 with strict stop loss below 1268 4-hourly closing; targeting 1286-1294 and 1300-1309. Breakage below 1268 will call for 1260-1252. Sell below 1289-1300; targeting 1278-1274 and 1268-1260, upside breakage of 1309 will lead to 1320-1330.    


Silver closed up on Wednesday made its intraday high of US$20.40/ounce after setting intraday low of US$20.08/ounce. Silver settled 0.0494% up at US$20.23/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.30-20.60 with stop above 20.65; targeting 20.05-19.90 and 19.70-19.10; upside breakout of 20.65 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 18.70 hourly closing.


Crude futures (Mar 2014) on Wednesday made an intra-day high of US$101.36/ bbl and made an intraday low of US$100.03/bbl and settled down by 0.159% at US$100.29/bbl on session close.
Trading Strategy: Neutral
Sell below 100.50-101.70; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 101.70 will lead to 102.50. Buy above 99.30-98.50, targeting 100.30-100.70 and 101.70-102.50; stop loss 4 hour below 97.00. Breakage below 97.00 will call for 96.40-95.30 and 94.70-94.20.


EUR/USD on Wednesday made an intra-day low of US$1.3561/EUR and made an intraday high of US$1.3651/EUR and settled the day down by 0.329% at US$1.3592/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3690-1.3740 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3740. Buy on dips in between 1.3550-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830.


GBP/USD on Wednesday made an intra-day low of US$1.6424/GBP and made an intraday high of US$1.6598/GBP and settled the day up by 0.899% at US$1.6594/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6530-1.6440; targeting 1.6620-1.6700 and 1.6770; breakage below 1.6400 may target 1.6140-1.6100. Sell below 1.6620-1.6700 with risk above 1.6780; targeting 1.6530-1.6440 and 1.6400- 1.6350.


USD/JPY on Wednesday an intra-day low of JPY102.21/USD and made an intraday high of JPY 102.67/USD and settled the day 0.107% down at JPY 102.51/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/13/

Re: Ikon Markets Daily Forex Analysis (February)

February 17, 2014

Gold closed up on Friday and made its intraday high of US$1321.25/ounce a before setting intraday low of US$1299.93/ounce. Gold went up by 1.282% at US$1318.40/ ounce.
Trading Strategy: Neutral
Buy on dips at 1305-1320 with strict stop loss below 1290 4-hourly closing; targeting 1330-1337 and 1350. Breakage below 1290 will call for 1284-1274. Sell below 1336-1350 with risk above 1360; targeting 1374-1301.


Silver closed up on Friday made its intraday high of US$21.48/ounce after setting intraday low of US$20.43/ounce. Silver settled 4.785% up at US$21.46/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.40-20.95 targeting 22.00-22.60 with risk below 20.60 hourly closing. Sell on Strength at 22.00-22.90 with stop above 23.05; targeting 21.40-21.10 and 20.90-20.45; upside breakout of 23.00 will open the way to 23.60- 25.00.


Crude futures (Mar 2014) on Friday made an intra-day high of US$100.44/bbl and made an intraday low of US$99.43/bbl and settled down by 0.0199% at US$100.34/ bbl on session close.
Trading Strategy: Neutral
Sell below 101.00-101.70; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 101.70 will lead to 102.50. Buy above 99.90-98.50, targeting 101.00 and 101.70- 102.50; stop loss 4-hour below 97.00. Breakage below 97.00 will call for 96.40- 95.30 and 94.70-94.20.


EUR/USD on Friday made an intra-day low of US$1.3672/EUR and made an intraday high of US$1.3713/EUR and settled the day down by 0.095% at US$1.3691/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660- 1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Friday made an intra-day low of US$1.6643/GBP and made an intraday high of US$1.6753/GBP and settled the day up by 0.540% at US$1.6747/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6670-1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380. Sell below 1.6800- 1.6900 with risk above 1.6900; targeting 1.6670-1.6620 and 1.6530-1.6480.


USD/JPY on Friday an intra-day low of JPY101.56/USD and made an intraday high of JPY 102.40/USD and settled the day 0.364% down at JPY 101.78/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://ikonmarkets.com/daily-reports/2014/02/17/

Re: Ikon Markets Daily Forex Analysis (February)

February 18, 2014

Gold closed up on Monday and made its intraday high of US$1329.69/ounce a before setting intraday low of US$1318.27/ounce. Gold went up by 0.742% at US$1328.34/ ounce.
Trading Strategy: Neutral
Buy on dips at 1300-1310 with strict stop loss below 1290 4-hourly closing; targeting 1330-1337 and 1350. Breakage below 1290 will call for 1284-1274. Sell below 1330-1338 with risk above 1338; targeting 1350-1374.


Silver closed up on Monday made its intraday high of US$21.97/ounce after setting intraday low of US$21.45/ounce. Silver settled 1.310% up at US$21.80/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.40-20.95 targeting 22.00-22.60 with risk below 20.60 hourly closing. Sell on Strength at 22.00-22.90 with stop above 23.05; targeting 21.40-21.10 and 20.90-20.45; upside breakout of 23.00 will open the way to 23.60- 25.00.


Crude futures (Mar 2014) on Monday made an intra-day high of US$101.12/bbl and made an intraday low of US$100.22/bbl and settled down by 0.588% at US$100.88/ bbl on session close.
Trading Strategy: Neutral
Sell below 101.00-101.70; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 101.70 will lead to 102.50. Buy above 99.90-98.50, targeting 101.00 and 101.70- 102.50; stop loss 4-hour below 97.00. Breakage below 97.00 will call for 96.40- 95.30 and 94.70-94.20.


EUR/USD on Monday made an intra-day low of US$1.3691/EUR and made an intraday high of US$1.3722/EUR and settled the day down by 0.014% at US$1.3705/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660- 1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Monday made an intra-day low of US$1.6694/GBP and made an intraday high of US$1.6821/GBP and settled the day down by 0.322% at US$1.6711/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6670-1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380. Sell below 1.6800- 1.6900 with risk above 1.6900; targeting 1.6670-1.6620 and 1.6530-1.6480.


USD/JPY on Monday an intra-day low of JPY101.37/USD and made an intraday high of JPY 101.97/USD and settled the day 0.275% down at JPY 101.90/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/18/

Re: Ikon Markets Daily Forex Analysis (February)

February 20, 2014

Gold closed up on Tuesday and made its intraday high of US$1322.69/ounce a before setting intraday low of US$1308.76/ounce. Gold went up by 0.817%at US$1311.07/ounce.
Trading Strategy: Neutral
Buy on dips at 1309-1292 with strict stop loss below 1290 1-hourly closing; targeting 1324-1335 and 1350. Breakage below 1290 will call for 1284-1274. Sell below 1318-1332 with risk above 1338; targeting 1302-1290.


Silver closed up on Tuesday made its intraday high of US$21.92/ounce after setting intraday low of US$21.36/ounce. Silver settled 1.825% up at US$21.51/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.40-20.95 targeting 22.00-22.60 with risk below 20.60 hourly closing. Sell on Strength at 22.00-22.90 with stop above 23.05; targeting 21.40-21.10 and 20.90-20.45; upside breakout of 23.00 will open the way to 23.60- 25.00.


Crude futures (Mar 2014) on Tuesday made an intra-day high of US$103.27/bbl and made an intraday low of US$101.95/bbl and settled down by 0.429% at US$102.88/ bbl on session close.
Trading Strategy: Neutral
Sell below 103.34-104.55; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 104.60 will lead to 105.80-106.50. Buy above 102.50-101.90, targeting 103.35- 104.55 and 105.75; stop loss 1-hour below 101.4. Breakage below 101.40 will call for 100.50-99.40.


EUR/USD on Tuesday made an intra-day low of US$1.3723/EUR and made an intraday high of US$1.3772/EUR and settled the day down by 0.188% at US$1.3731/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660- 1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Monday made an intra-day low of US$1.6694/GBP and made an intraday high of US$1.6821/GBP and settled the day down by 0.322% at US$1.6711/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6690-1.6800 with risk above 1.6800; targeting 1.6670-1.6620 and 1.6530-1.6480. Buy above 1.6620- 1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Monday an intra-day low of JPY101.37/USD and made an intraday high of JPY 101.97/USD and settled the day 0.275% down at JPY 101.90/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/20/

Re: Ikon Markets Daily Forex Analysis (February)

February 21, 2014

Gold closed up on Thursday and made its intraday high of US$1324.85/ounce a before setting intraday low of US$1307.15/ounce. Gold went up by 0.65% at US$1320.38/ ounce.
Trading Strategy: Neutral
Buy on dips at 1309-1292 with strict stop loss below 1290 1-hourly closing; targeting 1324-1335 and 1350. Breakage below 1290 will call for 1284-1274. Sell below 1322-1332 with risk above 1338; targeting 1302-1290.


Silver closed up on Thursday made its intraday high of US$21.89/ounce after setting intraday low of US$21.36/ounce. Silver settled 0.870% up at US$21.75/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.40-20.95 targeting 22.00-22.60 with risk below 20.60 hourly closing. Sell on Strength at 22.00-22.90 with stop above 23.05; targeting 21.40-21.10 and 20.90-20.45; upside breakout of 23.00 will open the way to 23.60- 25.00.


Crude futures (Mar 2014) on Thursday made an intra-day high of US$103.01/bbl and made an intraday low of US$102.26/bbl and settled up by 0.038% at US$102.90/bbl on session close.
Trading Strategy: Neutral
Sell below 103.34-104.55; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 104.60 will lead to 105.80-106.50. Buy above 102.50-101.90, targeting 103.35- 104.55 and 105.75; stop loss 1-hour below 101.4. Breakage below 101.40 will call for 100.50-99.40.


EUR/USD on Thursday made an intra-day low of US$1.3680/EUR and made an intraday high of US$1.3790/EUR and settled the day down by 0.06% at US$1.3790/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660- 1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Thursday made an intra-day low of US$1.6624/GBP and made an intraday high of US$1.6700/GBP and settled the day down by 0.09% at US$1.6624/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6690-1.6800 with risk above 1.6800; targeting 1.6670-1.6620 and 1.6530-1.6480. Buy above 1.6620- 1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Thursday an intra-day low of JPY102.41/USD and made an intraday high of JPY 102.41/USD and settled the day 0.01% up at JPY 102.41/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.


http://www.ikonmarkets.com/daily-reports/2014/02/21/

Re: Ikon Markets Daily Forex Analysis (February)

February 24, 2014

Gold closed up on Friday and made its intraday high of US$1328.32/ounce a before setting intraday low of US$1315.97/ounce. Gold went up by 0.279% at US$1323.86/ ounce.
Trading Strategy: Neutral
Buy on dips at 1309-1292 with strict stop loss below 1290 1-hourly closing; targeting 1324-1335 and 1350. Breakage below 1290 will call for 1284-1274. Sell below 1324-1332 with risk above 1338; targeting 1302-1290.


Silver closed up on Friday made its intraday high of US$21.95/ounce after setting intraday low of US$21.57/ounce. Silver settled 0.0917% up at US$21.82/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.40-20.95 targeting 22.00-22.60 with risk below 20.60 hourly closing. Sell on Strength at 22.00-22.90 with stop above 23.05; targeting 21.40-21.10 and 20.90-20.45; upside breakout of 23.00 will open the way to 23.60- 25.00.


Crude futures (Mar 2014) on Friday made an intra-day high of US$102.90/bbl and made an intraday low of US$102.35/bbl and settled down by 0.0495% at US$102.35/ bbl on session close.
Trading Strategy: Neutral
Sell below 103.34-104.55; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 104.60 will lead to 105.80-106.50. Buy above 102.50-101.90, targeting 103.35- 104.55 and 105.75; stop loss 1-hour below 101.4. Breakage below 101.40 will call for 100.50-99.40.


EUR/USD on Friday made an intra-day low of US$1.3701/EUR and made an intraday high of US$1.3757/EUR and settled the day up by 0.153% at US$1.3738/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660- 1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Friday made an intra-day low of US$1.6610/GBP and made an intraday high of US$1.6724/GBP and settled the day down by 0.210% at US$1.6614/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6690-1.6800 with risk above 1.6800; targeting 1.6670-1.6620 and 1.6530-1.6480. Buy above 1.6620- 1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Friday an intra-day low of JPY102.25/USD and made an intraday high of JPY 102.82/USD and settled the day 0.224% up at JPY 102.49/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.50- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonmarkets.com/daily-reports/2014/02/24/

Re: Ikon Markets Daily Forex Analysis (February)

February 25, 2014

Gold closed up on Monday and made its intraday high of US$1339.0/ounce a before setting intraday low of US$1318.49/ounce. Gold went up by 0.882% at US$1336.82/ ounce.
Trading Strategy: Neutral
Buy on dips at 1309-1324 with strict stop loss below 1305 1-hourly closing; targeting 1338-1346 and 1354. Breakage below 1305 will call for 1290-1284. Sell below 1338; break above 1338 will call for 1354; targeting 1331-1324 and 1316- 1309.


Silver closed up on Monday made its intraday high of US$22.16/ounce after setting intraday low of US$21.51/ounce. Silver settled 0.365% up at US$21.95/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.40-20.95 targeting 22.00-22.60 with risk below 20.60 hourly closing. Sell on Strength at 22.00-22.90 with stop above 23.05; targeting 21.40-21.10 and 20.90-20.45; upside breakout of 23.00 will open the way to 23.60- 25.00.


Crude futures (Mar 2014) on Monday made an intra-day high of US$103.44/bbl and made an intraday low of US$101.96/bbl and settled down by 0.557% at US$102.83/ bbl on session close.
Trading Strategy: Neutral
Sell below 103.34-104.55; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 104.60 will lead to 105.80-106.50. Buy above 102.50-101.90, targeting 103.35- 104.55 and 105.75; stop loss 1-hour below 101.4. Breakage below 101.40 will call for 100.50-99.40.


EUR/USD on Monday made an intra-day low of US$1.3707/EUR and made an intraday high of US$1.3770/EUR and settled the day up by 0.0213% at US$1.3733/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660- 1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Monday made an intra-day low of US$1.6582/GBP and made an intraday high of US$1.6678/GBP and settled the day down by 0.174% at US$1.6654/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6690-1.6800 with risk above 1.6800; targeting 1.6670-1.6620 and 1.6530-1.6480. Buy above 1.6620- 1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Monday an intra-day low of JPY102.15/USD and made an intraday high of JPY 102.67/USD and settled the day 0.302% up at JPY 102.49/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.50- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonmarkets.com/daily-reports/2014/02/25/

Re: Ikon Markets Daily Forex Analysis (February)

February 26, 2014

Gold closed up on Tuesday and made its intraday high of US$1343.54/ounce a before setting intraday low of US$1331.60/ounce. Gold went up by 0.425% at US$1340.60/ounce.
Trading Strategy: Neutral
Sell below 1346; break above 1346 will call for 1354-1374; targeting 1331-1324 and 1316-1309.Buy on dips at 1320-1332 with strict stop loss below 13201-hourly closing; targeting 1346-1354. Breakage below 1305 will call for 1290-1284.


Silver closed upon Tuesday made its intraday high of US$22.01/ounce after setting intraday low of US$21.64/ounce. Silver settled 0.490% down at US$21.83/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.40-20.95 targeting 22.00-22.60 with risk below 20.60 hourly closing. Sell on Strength at 22.00-22.90 with stop above 23.05; targeting 21.40-21.10 and 20.90-20.45; upside breakout of 23.00 will open the way to 23.60-25.00.


Crude futures (April 2014) on Tuesday made an intra‐day high of US$102.82/bbl and made an intraday low of US$101.01/bbl and settled down by 0.768%at US$102.00/bbl on session close.
Trading Strategy: Neutral
Sell below 102.20-103.34; targeting 101.20-100.70 and 99.90-99.40; upside breakage of 103.80 will lead to 104.40-105.80. Buy above 101.10-100.00, targeting 103.35-104.55 and 105.75; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Tuesday made an intra‐day low of US$1.3715/EUR and made an intraday high of US$1.3767/EUR and settled the day up by 0.082% at US$1.3745/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660-1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Tuesday made an intra‐day low of US$1.6640/GBP and made an intraday high of US$1.6725/GBP and settled the day upby0.121% at US$1.6678/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6690-1.6800 with risk above 1.6800; targeting 1.6670-1.6620 and 1.6530-1.6480. Buy above 1.6620-1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Tuesday an intra‐day low of JPY102.00/USD and made an intraday high of JPY102.62/USD and settled the day 0.348% downat JPY102.15/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.50-100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonmarkets.com/daily-reports/2014/02/26/

Re: Ikon Markets Daily Forex Analysis (February)

February 27, 2014

Gold closed up on Wednesday and made its intraday high of US$1345.37/ounce a before setting intraday low of US$1322.00/ounce. Gold went down by 0.800% at US$1340.60/ounce.
Trading Strategy: Neutral
Sell below 1336-1346; break above 1346 will call for 1354-1374; targeting 1324-1316 and 1309. Buy on dips at 1311-1318 with strict stop loss below 1305 1-hourly closing; targeting 1336-1346 and 1354. Breakage below 1305 will call for 1290-1284.


Silver closed down on Wednesday made its intraday high of US$22.03/ounce after setting intraday low of US$21.06/ounce. Silver settled 2.72% down at US$21.26/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.45-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65-20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.


Crude futures (April 2014) on Wednesday made an intra‐day high of US$102.89/bbl and made an intraday low of US$101.59/bbl and settled down by 0.555% at US$102.89/bbl on session close.
Trading Strategy: Neutral
Sell below 102.90-103.80; targeting 102.20-101.60 and 100.70-99.90; upside breakage of 103.80 will lead to 104.40-105.80. Buy above 101.60-100.00, targeting 102.90 and 103.35-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Wednesday made an intra‐day low of US$1.3661/EUR and made an intraday high of US$1.3757/EUR and settled the day down by 0.475% at US$1.3757/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660-1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Wednesday made an intra‐day low of US$1.6621/GBP and made an intraday high of US$1.6702/GBP and settled the day down by 0.054% at US$1.6666/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6690-1.6800 with risk above 1.6800; targeting 1.6670-1.6620 and 1.6530-1.6480. Buy above 1.6620-1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Wednesday an intra‐day low of JPY102.09/USD and made an intraday high of JPY 102.61/USD and settled the day 0.146% up at JPY 102.61/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.50-100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonmarkets.com/daily-reports/2014/02/27/

Re: Ikon Markets Daily Forex Analysis (February)

February 28, 2014

Gold closed up on Thursday and made its intraday high of US$1336.10/ounce a before setting intraday low of US$1323.50/ounce. Gold went up by 0.048% at US$1331.22/ ounce.
Trading Strategy: Neutral
Sell below 1336-1346; break above 1346 will call for 1354-1374; targeting 1324- 1316 and 1309. Buy on dips at 1311-1318 with strict stop loss below 1305 1-hourly closing; targeting 1336-1346 and 1354. Breakage below 1305 will call for 1290- 1284.


Silver closed down on Thursday made its intraday high of US$21.48/ounce after setting intraday low of US$20.96/ounce. Silver settled 0.032% down at US$21.26/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.45-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65-20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.


Crude futures (April 2014) on Thursday made an intra-day high of US$103.08/bbl and made an intraday low of US$101.75/bbl and settled down by 0.0195% at US$102.40/ bbl on session close.
Trading Strategy: Neutral
Sell below 102.60-103.80; targeting 102.20-101.60 and 100.70-99.90; upside breakage of 103.80 will lead to 104.40-105.80. Buy above 101.60-100.00, targeting 102.90 and 103.35-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Thursday made an intra-day low of US$1.3642/EUR and made an intraday high of US$1.3726/EUR and settled the day down by 0.183% at US$1.3702/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660- 1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.


GBP/USD on Thursday made an intra-day low of US$1.6616/GBP and made an intraday high of US$1.6698/GBP and settled the day up by 0.147% at US$1.6690/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6690-1.6800 with risk above 1.6800; targeting 1.6670-1.6620 and 1.6530-1.6480. Buy above 1.6620- 1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Thursday an intra-day low of JPY101.72/USD and made an intraday high of JPY 102.44/USD and settled the day 0.181% down at JPY 102.44/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.50- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonmarkets.com/daily-reports/2014/02/28/

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