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Posts: 21

Topic: Ikon Markets Daily Forex Analysis (March)

March 3, 2014

Gold closed down on Friday and made its intraday high of US$1332.99/ounce a before setting intraday low of US$1319.59/ounce. Gold went down by 0.308% at US$1326.10/ ounce.
Trading Strategy: Neutral
Sell below 1346; break above 1346 will call for 1354-1374; targeting 1318-1309 and 1301. Buy on dips at 1320-1336 with strict stop loss below 1320 1-hourly closing; targeting 1346-1354. Breakage below 1320 will call for 1309-1290.


Silver closed down on Friday made its intraday high of US$21.39/ounce after setting intraday low of US$21.07/ounce. Silver settled 0.282% down at US$21.20/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 Friday made an intra-day high of US$102.92/bbl and made an intraday low of US$101.81/bbl and settled down by 0.489% at US$102.62/ bbl on session close.
Trading Strategy: Neutral
Buy above 103.40-101.90, targeting 104.55-105 and 103.35-104.55; stop loss 1- hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.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.


EUR/USD on Monday made an intra-day low of US$1.3693/EUR and made an intraday high of US$1.3823/EUR and settled the day up by 0.671% at US$1.3801/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3750- 1.3660 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Friday made an intra-day low of US$1.6675/GBP and made an intraday high of US$1.6767/GBP and settled the day up by 0.323% at US$1.6741/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6790-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 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 JPY101.54/USD and made an intraday high of JPY 102.28/USD and settled the day 0.232% down at JPY 101.78/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 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/2014/03/03/

Re: Ikon Markets Daily Forex Analysis (March)

March 4, 2014

Gold closed up on Monday and made its intraday high of US$1354.62/ounce a before setting intraday low of US$1330.34/ounce. Gold went up by 1.354% at US$1350.14/ ounce.
Trading Strategy: Neutral
Sell below 1346-1354; break above 1354 will call for 1364-1374; targeting 1318- 1309 and 1301. Buy on dips at 1320-1334 with strict stop loss below 1320 1-hourly closing; targeting 1346-1354. Breakage below 1320 will call for 1309-1290.


Silver closed down on Monday made its intraday high of US$21.71/ounce after setting intraday low of US$21.23/ounce. Silver settled 0.422% down at US$21.40/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.55-21.95 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 Monday made an intra-day high of US$105.20/bbl and made an intraday low of US$102.95/bbl and settled up by 2.093% at US$104.85/bbl on session close.
Trading Strategy: Neutral
Buy above 103.40-101.90, targeting 104.55-105 and 103.35-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55. Sell below 104.90-106.00; targeting 103.90-103.40 and 102.60-101.60; upside breakage of 106.00 will lead to 107.20.


EUR/USD on Monday made an intra-day low of US$1.3725/EUR and made an intraday high of US$1.3791/EUR and settled the day down by 0.181% at US$1.3733/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3690- 1.3600 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Monday made an intra-day low of US$1.6652/GBP and made an intraday high of US$1.6750/GBP and settled the day down by 0.269% at US$1.6664/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Monday an intra-day low of JPY101.19/USD and made an intraday high of JPY 101.65/USD and settled the day 0.045% down at JPY 101.42/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 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/2014/03/04/

Re: Ikon Markets Daily Forex Analysis (March)

March 5, 2014

Gold closed up on Tuesday and made its intraday high of US$1352.52/ounce a before setting intraday low of US$1331.10/ounce. Gold went up by 1.158% at US$1334.28/ ounce.
Trading Strategy: Neutral
Sell below 1341-1354; break above 1355 will call for 1364-1374; targeting 1318- 1309 and 1301. Buy on dips at 1318-1331 with strict stop loss below 1311 1-hourly closing; targeting 1346-1354. Breakage below 1311 will call for 1305-1290.


Silver closed down on Tuesday made its intraday high of US$21.50/ounce after setting intraday low of US$21.03/ounce. Silver settled 1.075% down at US$21.16/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.55-21.95 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 Tuesday made an intra-day high of US$104.92/bbl and made an intraday low of US$102.85/bbl and settled down by 1.468% at US$103.33/ bbl on session close.
Trading Strategy: Neutral
Buy above 103.00-101.90, targeting 103.60 and 104.55-105.40; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55. Sell below 103.60- 104.90; targeting 103.90-103.40 and 102.60-101.60; upside breakage of 106.35 will lead to 107.20.


EUR/USD on Tuesday made an intra-day low of US$1.3719/EUR and made an intraday high of US$1.3780/EUR and settled the day down by 0.065% at US$1.3742/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3690- 1.3600 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Tuesday made an intra-day low of US$1.6635/GBP and made an intraday high of US$1.6715/GBP and settled the day down by 0.004% at US$1.6663/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Tuesday an intra-day low of JPY101.39/USD and made an intraday high of JPY 102.27/USD and settled the day 0.759% up at JPY 101.20/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 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/2014/03/05/

Re: Ikon Markets Daily Forex Analysis (March)

March 6, 2014

Gold closed up on Wednesday and made its intraday high of US$1341.77/ounce a before setting intraday low of US$1331.90/ounce. Gold went down by 0.005% at US$1335.92/ounce.
Trading Strategy: Neutral
Trade gold in range of US$1,330 – US$1,342. A break below US$1,330 can target US$1,320-1,309; while a break above US$1,341 can target US$1,354-1,364. Sell below 1336-1348; break above 1355 will call for 1364-1374; targeting 1330-1318 and 1309-1301. Buy on dips at 1318-1331 with strict stop loss below 1311 1-hourly closing; targeting 1346-1354. Breakage below 1311 will call for 1305-1290.


Silver closed down on Wednesday made its intraday high of US$21.31/ounce after setting intraday low of US$21.11/ounce. Silver settled 0.188% down at US$21.17/ounce.
Trading Strategy: Neutral
We recommend playing the range of US$21.00–US$21.70. A break above 21.70 will lead to 21.90-22.20; whereas breakage below 21.00 will call for 20.80-20.55. Sell on Strength at 21.35-21.95 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$103.34/ bbl and made an intraday low of US$101.00/bbl and settled down by 2.316% at US$101.00/bbl on session close.
Trading Strategy: Neutral
Sell below 101.50-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; 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$1.3703/EUR and made an intraday high of US$1.3774/EUR and settled the day down by 0.0728% at US$1.3731/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3690- 1.3600 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.


GBP/USD on Wednesday made an intra-day low of US$1.6653/GBP and made an intraday high of US$1.6742/GBP and settled the day down by 0.293% at US$1.6713/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430-1.6380.


USD/JPY on Wednesday an intra-day low of JPY102.07/USD and made an intraday high of JPY 102.55/USD and settled the day 0.175% up at JPY 102.39/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 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/2014/03/06/

Re: Ikon Markets Daily Forex Analysis (March)

March 7, 2014

Gold closed up on Thursday and made its intraday high of US$1353.56/ounce a before setting intraday low of US$1330.55/ounce. Gold went up by 1.023% at US$1349.82/ ounce.
Trading Strategy: Neutral
Sell below 1355; break above 1355 will call for 1364-1374; targeting 1330-1318 and 1309-1301. Buy on dips at 1320-1341 with strict stop loss below 1318 1-hourly closing; targeting 1354-1364. Breakage below 1311 will call for 1305-1290.


Silver closed down on Thursday made its intraday high of US$21.63/ounce after setting intraday low of US$21.05/ounce. Silver settled 1.479% up at US$21.48/ounce.
Trading Strategy: Neutral
We recommend playing the range of US$21.10–US$21.70. A break above 21.70 will lead to 21.90-22.20; whereas breakage below 21.00 will call for 20.80-20.55. Sell on Strength at 21.50-21.95 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$102.07/bbl and made an intraday low of US$100.16/bbl and settled up by 0.95% at US$101.96/bbl on session close.
Trading Strategy: Neutral
Sell below 102.00-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; 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$1.3719/EUR and made an intraday high of US$1.3870/EUR and settled the day up by 0.952% at US$1.3863/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3890.


GBP/USD on Thursday made an intra-day low of US$1.6682/GBP and made an intraday high of US$1.6777/GBP and settled the day up by 0.167% at US$1.6740/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Thursday an intra-day low of JPY102.29/USD and made an intraday high of JPY 103.17/USD and settled the day 0.669% up at JPY 103.05/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, 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/2014/03/07/

Re: Ikon Markets Daily Forex Analysis (March)

March 10, 2014

Gold closed up on Friday and made its intraday high of US$1352.84/ounce a before setting intraday low of US$1327.53/ounce. Gold went down by 0.774% at US$1339.30/ ounce.
Trading Strategy: Neutral
Sell below 1341-1355; break above 1355 will call for 1364-1374; targeting 1330- 1318 and 1309-1301. Buy on dips at 1309-1320 with strict stop loss below 1307 1- hourly closing; targeting 1354-1364. Breakage below 1311 will call for 1305-1290.


Silver closed down on Friday made its intraday high of US$21.58/ounce after setting intraday low of US$20.71/ounce. Silver settled 2.93% down at US$20.88/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.10-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Friday made an intra-day high of US$102.92/bbl and made an intraday low of US$101.57/bbl and settled up by 0.809% at US$102.56/bbl on session close.
Trading Strategy: Neutral
Sell below 102.00-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Friday made an intra-day low of US$1.3850/EUR and made an intraday high of US$1.3870/EUR and settled the day up by 0.057% at US$1.3870/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Friday made an intra-day low of US$1.6703/GBP and made an intraday high of US$1.6786/GBP and settled the day down by 0.173% at US$1.6711/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Friday an intra-day low of JPY102.81/USD and made an intraday high of JPY 103.27/USD and settled the day 0.209% up at JPY 103.76/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, 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/2014/03/10/

Re: Ikon Markets Daily Forex Analysis (March)

March 11, 2014

Gold closed up on Monday and made its intraday high of US$1344.40/ounce a before setting intraday low of US$1327.94/ounce. Gold went up by 0.042% at US$1339.44/ ounce.
Trading Strategy: Neutral
Sell below 1344-1355; break above 1355 will call for 1364-1374; targeting 1330- 1318 and 1309-1301. Buy on dips at 1309-1320 with strict stop loss below 1307 1- hourly closing; targeting 1354-1364. Breakage below 1311 will call for 1305-1290.


Silver closed down on Monday made its intraday high of US$21.02/ounce after setting intraday low of US$20.79/ounce. Silver settled 0.383% down at US$20.79/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.10-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Monday made an intra-day high of US$102.70/bbl and made an intraday low of US$100.83/bbl and settled down by 1.733% at US$100.91/ bbl on session close.
Trading Strategy: Neutral
Sell below 102.00-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.


EUR/USD on Monday made an intra-day low of US$1.3860/EUR and made an intraday high of US$1.3897/EUR and settled the day up by 0.043% at US$1.3877/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Monday made an intra-day low of US$1.6620/GBP and made an intraday high of US$1.6740/GBP and settled the day down by 0.454% at US$1.6644/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Monday an intra-day low of JPY102.92/USD and made an intraday high of JPY 103.39/USD and settled the day 0.126% up at JPY 103.27/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; Buy on dips around 102.50- 101.20, 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/2014/03/11/

Re: Ikon Markets Daily Forex Analysis (March)

March 12, 2014

Gold closed up on Tuesday and made its intraday high of US$1352.21/ounce a before setting intraday low of US$1337.49/ounce. Gold went up by 0.731% at US$1348.52/ ounce.
Trading Strategy: Neutral
Buy on dips at 1338-1352 with strict stop loss below 1330 1-hourly closing; targeting 1360-1364 and 1370-1374. Breakage below 1330 will call for 1320-1311. Sell below 1364-1370; break above 1374 will call for 1384-1394; targeting 1354- 1340 and 1330-1318.


Silver closed up on Tuesday made its intraday high of US$21.30/ounce after setting intraday low of US$20.64/ounce. Silver settled 0.144% down at US$20.84/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.35-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Tuesday made an intra-day high of US$101.50/bbl and made an intraday low of US$99.36/bbl and settled down by 1.416% at US$99.49/bbl on session close.
Trading Strategy: Neutral
Sell below 99.90-101.00; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 101.70 will lead to 102.90-103.60. Buy above 99.05-97.80, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 97.80 will call for 96.60.


EUR/USD on Tuesday made an intra-day low of US$1.3832/EUR and made an intraday high of US$1.3877/EUR and settled the day up by 0.144% at US$1.3857/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Tuesday made an intra-day low of US$1.6595/GBP and made an intraday high of US$1.6652/GBP and settled the day down by 0.180% at US$1.6614/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Tuesday an intra-day low of JPY102.83/USD and made an intraday high of JPY 103.41/USD and settled the day 0.271% up at JPY 102.99/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, 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/2014/03/12/

Re: Ikon Markets Daily Forex Analysis (March)

March 13, 2014

Gold closed up on Wednesday and made its intraday high of US$1370.77/ounce a before setting intraday low of US$1345.33/ounce. Gold went up by 1.401% at US$1366.70/ounce.
Trading Strategy: Neutral
Buy on dips at 1354-1362 with strict stop loss below 1338 1-hourly closing; targeting 1374-1378 and 1387-1394. Breakage below 1330 will call for 1320-1311. Sell below 1364-1370; break above 1374 will call for 1384-1394; targeting 1354- 1340 and 1330-1318.


Silver closed up on Wednesday made its intraday high of US$21.41/ounce after setting intraday low of US$20.79/ounce. Silver settled 2.062% up at US$21.28/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.35-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Wednesday made an intra-day high of US$99.57/bbl and made an intraday low of US$97.54/bbl and settled down by 1.407% at US$98.06/ bbl on session close..
Trading Strategy: Neutral
Sell below 99.00-100.60; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 100.60 will lead to 101.70-102.90. Buy above 97.80-96.60, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 96.60 will call for 95.50.


EUR/USD on Wednesday made an intra-day low of US$1.3842/EUR and made an intraday high of US$1.3913/EUR and settled the day up by 0.324% at US$1.3902/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Wednesday made an intra-day low of US$1.6567/GBP and made an intraday high of US$1.6634/GBP and settled the day up by 0.006% at US$1.6616/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Wednesday an intra-day low of JPY102.54/USD and made an intraday high of JPY 103.09/USD and settled the day 0.223% down at JPY 102.76/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, 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/2014/03/13/

Re: Ikon Markets Daily Forex Analysis (March)

March 14, 2014

Gold closed up on Thursday and made its intraday high of US$1375.02/ounce a before setting intraday low of US$1364.43/ounce. Gold went up by 0.206% at US$1369.82/ounce.
Trading Strategy: Neutral
Buy on dips at 1354-1362 with strict stop loss below 1338 1-hourly closing; targeting 1374-1378 and 1387-1394. Breakage below 1330 will call for 1320-1311. Sell below 1374-1380; break above 1387 will call for 1394-1400; targeting 1364- 1354 and 1340-1330.


Silver closed down on Thursday made its intraday high of US$21.46/ounce after setting intraday low of US$21.08/ounce. Silver settled 0.470% down at US$21.17/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.35-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Thursday made an intra-day high of US$99.58/bbl and made an intraday low of US$97.66/bbl and settled down by 0.132% at US$98.21/bbl on session close.
Trading Strategy: Neutral
Sell below 99.00-100.60; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 100.60 will lead to 101.70-102.90. Buy above 97.80-96.60, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 96.60 will call for 95.50.


EUR/USD on Thursday made an intra-day low of US$1.3844/EUR and made an intraday high of US$1.3966/EUR and settled the day up by 0.208% at US$1.3871/EUR on session close.
Trading Strategy: Neutral
Based on the today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Thursday made an intra-day low of US$1.6605/GBP and made an intraday high of US$1.6717/GBP and settled the day up by 0.036% at US$1.6622/ GBP on session close.
Trading Strategy: Neutral
Based on the today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Thursday an intra-day low of JPY101.53/USD and made an intraday high of JPY 102.85/USD and settled the day 0.866% down at JPY 101.86/USD on session close.
Trading Strategy: Neutral
Based on the today’s market; Buy on dips around 102.50- 101.20, 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/2014/03/14

Re: Ikon Markets Daily Forex Analysis (March)

March 17, 2014

Gold closed up on Friday and made its intraday high of US$1387.51/ounce a before setting intraday low of US$1367.93/ounce. Gold went up by 0.938% at US$1382.51/ ounce.
Trading Strategy: Neutral
Buy on dips at 1364-1376 with strict stop loss below 1354 1-hourly closing; targeting 1387-1394 and 1400. Breakage below 1354 will call for 1338-1320. Sell below 1394-1400; break above 1400 will call for 1415-1425; targeting 1374-1364 and 1354-1340.


Silver closed up on Friday made its intraday high of US$21.78/ounce after setting intraday low of US$21.12/ounce. Silver settled 1.180% up at US$21.42/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.65-22.05 with stop above 22.05; targeting 21.25-20.95 and 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 21.05-20.40 targeting 21.75-22.00 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Friday made an intra-day high of US$99.25/bbl and made an intraday low of US$98.03/bbl and settled down by 0.773% at US$98.98/bbl on session close.
Trading Strategy: Neutral
Sell below 99.10-100.60; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 100.60 will lead to 101.70-102.90. Buy above 97.80-96.60, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 96.60 will call for 95.50.

EUR/USD on Friday made an intra-day low of US$1.3846/EUR and made an intraday high of US$1.3936/EUR and settled the day up by 0.288% at US$1.3911/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Friday made an intra-day low of US$1.6586/GBP and made an intraday high of US$1.6648/GBP and settled the day up by 0.156% at US$1.6648/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Friday an intra-day low of JPY101.19/USD and made an intraday high of JPY 101.87/USD and settled the day 0.510% down at JPY 101.36/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, 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/2014/03/17/

Re: Ikon Markets Daily Forex Analysis (March)

March 18, 2014

Gold closed down on Monday and made its intraday high of US$1392.00/ounce a before setting intraday low of US$1361.50/ounce. Gold went down by 1.460% at US$1366.36/ounce.
Trading Strategy: Neutral
Buy on dips at 1354-1360 with strict stop loss below 1354 1-hourly closing; targeting 1374-1387 and 1394-1400. Breakage below 1354 will call for 1342-1330. Sell below 1378-1394; break above 1400 will call for 1415-1425; targeting 1360- 1354 and 1342-1331.


Silver closed up on Monday made its intraday high of US$21.55/ounce after setting intraday low of US$21.06/ounce. Silver settled 1.514% down at US$21.14/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.30-22.05 with stop above 22.05; targeting 21.05-20.85 and 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 21.05-20.40 targeting 21.75-22.00 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Monday made an intra-day high of US$99.32/bbl and made an intraday low of US$97.35/bbl and settled down by 1.897% at US$97.97/bbl on session close.
Trading Strategy: Neutral
Sell below 98.55-100.40; targeting 97.80-96.60; upside breakage of 100.40 will lead to 101.70-102.90. Buy above 97.20-98.00, targeting 98.60-99.30 and 99.80-100.40; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Monday made an intra-day low of US$1.3924/EUR and made an intraday high of US$1.3948/EUR and settled the day up by 0.001% at US$1.3924/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Monday made an intra-day low of US$1.6600/GBP and made an intraday high of US$1.6666/GBP and settled the day down by 0.012% at US$1.6666/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Monday an intra-day low of JPY101.19/USD and made an intraday high of JPY 101.92/USD and settled the day 0.536% up at JPY 101.90/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, 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/2014/03/18/

Re: Ikon Markets Daily Forex Analysis (March)

March 19, 2014

Gold closed down on Tuesday and made its intraday high of US$1367.40/ounce a before setting intraday low of US$1350.51/ounce. Gold went down by 0.803% at US$1355.25/ounce.
Trading Strategy: Neutral
Buy on dips at 1350-1342 with strict stop loss below 1338 1-hourly closing; targeting 1368-1374 and 1378-1387. Breakage below 1338 will call for 1330-1321. Sell below 1368-1378; break above 1387 will call for 1394-1405 and 1415-1425; targeting 1360-1354 and 1342-1331.


Silver closed up on Tuesday made its intraday high of US$21.23/ounce after setting intraday low of US$20.61/ounce. Silver settled 1.746% down at US$20.81/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.95-21.55 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 20.40 targeting 21.75-22.00 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Tuesday made an intra-day high of US$99.77/bbl and made an intraday low of US$97.73/bbl and settled down by 1.633% at US$99.54/bbl on session close.
Trading Strategy: Neutral
Sell below 99.00-100.40; targeting 97.80-96.60; upside breakage of 100.40 will lead to 101.70-102.90. Buy above 97.20-98.00, targeting 98.60-99.30 and 99.80-100.40; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Tuesday made an intra-day low of US$1.3879/EUR and made an intraday high of US$1.3941/EUR and settled the day up by 0.093% at US$1.3933/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Tuesday made an intra-day low of US$1.6544/GBP and made an intraday high of US$1.6646/GBP and settled the day down by 0.252% at US$1.6591/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY on Tuesday an intra-day low of JPY101.26/USD and made an intraday high of JPY 101.93/USD and settled the day 0.363% down at JPY 101.42/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, 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/2014/03/19/

Re: Ikon Markets Daily Forex Analysis (March)

March 20, 2014

Gold closed down on Wednesday and made its intraday high of US$1359.51/ounce a before setting intraday low of US$1327.42/ounce. Gold went down by 1.926% at US$1329.32/ounce.
Trading Strategy: Neutral
Sell below 1342-1354; break above 1364 will call for 1374-1387 and 1394-1400; targeting 1331-1318 and 1311-1305. Buy on dips at 1318-1307 strict stop loss below 1305 1-hourly closing; targeting 1344-1354 and 1368-1378. Breakage below 1307 will call for 1301-1294.


Silver closed down on Wednesday made its intraday high of US$20.95/ounce after setting intraday low of US$20.48/ounce. Silver settled 1.104% down at US$20.59/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.85-21.55 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 20.40 targeting 21.75-22.00 and 22.00-22.60 with risk below 20.40 hourly closing.


Crude futures (April 2014) on Wednesday made an intra-day high of US$100.43/bbl and made an intraday low of US$99.32/bbl and settled up by 0.894% at US$100.37/ bbl on session close.
Trading Strategy: Neutral
Sell below 99.40-100.40; targeting 97.80-96.60; upside breakage of 100.40 will lead to 101.70-102.90. Buy above 97.35-98.20, targeting 98.60-99.30 and 99.80-100.40; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Wednesday made an intra-day low of US$1.3808/EUR and made an intraday high of US$1.3933/EUR and settled the day down by 0.846% at US$1.3815/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD
on Wednesday made an intra-day low of US$1.6506/GBP and made an intraday high of US$1.6653/GBP and settled the day down by 0.373% at US$1.6530/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.


USD/JPY
on Wednesday an intra-day low of JPY101.29/USD and made an intraday high of JPY 101.29/USD and settled the day 0.956% up at JPY 102.38/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 101.20, 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/2014/03/20/

Re: Ikon Markets Daily Forex Analysis (March)

March 21, 2014

Gold closed down on Thursday and made its intraday high of US$1334.53/ounce a before setting intraday low of US$1320.29/ounce. Gold went down by 0.242% at US$1327.40/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 1336-1344 with risk hourly closing above 1344 will target 1331-1318 and 1311-1305; break above 1344 will call for 1354-1364 and 1374-1378.Buy on dips 1321-1307 strict stop loss below 1305 1- hourly closing; targeting 1336-1344 and 1354-1368. Breakage below 1305 will call for 1301-1294.


Silver closed down on Thursday made its intraday high of US$20.71/ounce after setting intraday low of US$20.12/ounce. Silver settled 1.690% down at US$20.25/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on Strength at 20.75-21.55 with stop above 22.05; targeting 20.15-19.90 and 19.65; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 20.10-19.70 targeting 20.50- 20.95 and 21.40-21.75 with risk below 19.70 hourly closing.


Crude futures (April 2014) on Thursday made an intra-day high of US$99.43/bbl and made an intraday low of US$98.07/bbl and settled down by 0.505% at US$98.60/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.40-100.40 with target of 97.80-96.60; upside breakage of 100.40 will lead to 101.70-102.90. Buy above 97.35-98.10, targeting 98.60-99.30 and 99.80-100.40; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Thursday made an intra-day low of US$1.3748/EUR and made an intraday high of US$1.3844EUR and settled the day down by 0.267% at US$1.3778/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Thursday made an intra-day low of US$1.6479/GBP and made an intraday high of US$1.6567/GBP and settled the day down by 0.145% at US$1.6505/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6605-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Thursday an intra-day low of JPY102.20/USD and made an intraday high of JPY 102.53/USD and settled the day 0.009% up at JPY 102.39/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 101.20, 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/2014/03/21/

Re: Ikon Markets Daily Forex Analysis (March)

March 24, 2014

Gold closed up on Friday and made its intraday high of US$1342.26/ounce a before setting intraday low of US$1327.85/ounce. Gold went up by 0.426% at US$1334.30/ ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 1336-1344 with risk hourly closing above 1344 will target 1331-1318 and 1311-1305; break above 1344 will call for 1354-1364 and 1374-1378.Buy on dips 1321-1307 strict stop loss below 1305 1- hourly closing; targeting 1336-1344 and 1354-1368. Breakage below 1305 will call for 1301-1294.


Silver closed up on Friday made its intraday high of US$20.57/ounce after setting intraday low of US$20.25/ounce. Silver settled 0.147% up at US$20.31/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on Strength at 20.60-21.60 with stop above 21.60; targeting 20.15-19.90 and 19.65; upside breakout of 21.60 will open the way to 22.05-22.25. Buyers can buy above 20.10-19.70 targeting 20.50- 20.95 and 21.40-21.75 with risk below 19.70 hourly closing.


Crude futures (April 2014) on Friday made an intra-day high of US$100.24/bbl and made an intraday low of US$98.23/bbl and settled up by 0.933% at US$99.49/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.90-101.00 with target of 97.80-96.60; upside breakage of 101.00 will lead to 101.70-102.90. Buy above 97.80-98.50, targeting 99.80-100.40 and 101.00-101.70; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Friday made an intra-day low of US$1.3764/EUR and made an intraday high of US$1.3809/EUR and settled the day up by 0.087% at US$1.3791/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Friday made an intra-day low of US$1.6474/GBP and made an intraday high of US$1.6519/GBP and settled the day down by 0.132% at US$1.6484/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6605-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Friday an intra-day low of JPY102.00/USD and made an intraday high of JPY 102.42/USD and settled the day 0.159% down at JPY 102.23/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 101.20, 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/2014/03/24/

Re: Ikon Markets Daily Forex Analysis (March)

March 25, 2014

Gold closed down on Monday and made its intraday high of US$1334.57/ounce a before setting intraday low of US$1307.66/ounce. Gold went down by 1.089% at US$1308.51/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips 1309-1294 strict stop loss below 1294 1-hourly closing; targeting 1320-1330 and 1336-1344. Breakage below 1294 will call for 1290-1280. Sell below 1326-1340 with risk hourly closing above 1345 will target 1309-1300 and 1294-1286; break above 1345 will call for 1354- 1364 and 1374-1378.


Silver closed down on Monday made its intraday high of US$20.29/ounce after setting intraday low of US$19.90/ounce. Silver settled 1.580% down at US$19.93/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on Strength at 20.60-21.60 with stop above 21.60; targeting 20.15-19.90 and 19.65; upside breakout of 21.60 will open the way to 22.05-22.25. Buyers can buy above 20.10-19.70 targeting 20.50- 20.95 and 21.40-21.75 with risk below 19.70 hourly closing.


Crude futures (April 2014) on Monday made an intra-day high of US$100.27/bbl and made an intraday low of US$99.03/bbl and settled up by 0.100% at US$99.41/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.90-101.00 with target of 97.80-96.60; upside breakage of 101.00 will lead to 101.70-102.90. Buy above 97.80-98.50, targeting 99.80-100.40 and 101.00-101.70; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Monday made an intra-day low of US$1.3759/EUR and made an intraday high of US$1.3875/EUR and settled the day up by 0.282% at US$1.3837/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD
on Monday made an intra-day low of US$1.6464/GBP and made an intraday high of US$1.6535/GBP and settled the day up by 0.135% at US$1.6495/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6605-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Monday an intra-day low of JPY102.22/USD and made an intraday high of JPY 102.63/USD and settled the day 0.097% down at JPY 102.22/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 101.20, 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/2014/03/25/

Re: Ikon Markets Daily Forex Analysis (March)

March 26, 2014

Gold closed up on Tuesday and made its intraday high of US$1317.19/ounce a before setting intraday low of US$1305.53/ounce. Gold went up by 0.184% at US$1310.82/ ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips 1309-1294 strict stop loss below 1294 1-hourly closing; targeting 1320-1330 and 1336-1344. Breakage below 1294 will call for 1290-1280. Sell below 1326-1340 with risk hourly closing above 1345 will target 1309-1300 and 1294-1286; break above 1345 will call for 1354- 1364 and 1374-1378.


Silver closed down on Tuesday made its intraday high of US$20.19/ounce after setting intraday low of US$19.89/ounce. Silver settled 0.251% down at US$19.97/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on Strength at 20.35-21.60 with stop above 21.60; targeting 20.15-19.90 and 19.65; upside breakout of 21.60 will open the way to 22.05-22.25. Buyers can buy above 20.10-19.70 targeting 20.50- 20.95 and 21.40-21.75 with risk below 19.70 hourly closing.


Crude futures (April 2014) on Tuesday made an intra-day high of US$100.23/bbl and made an intraday low of US$98.79/bbl and settled down by 0.231% at US$99.17/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 99.90-101.00 with target of 98.90-97.80 and 96.60; upside breakage of 101.00 will lead to 101.70-102.90. Buy above 97.80-98.80, targeting 99.80-100.40 and 101.00-101.70; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Tuesday made an intra-day low of US$1.3747/EUR and made an intraday high of US$1.3847/EUR and settled the day up by 0.115% at US$1.3820/EUR on session close.
Trading Strategy: Neutral
Based on today’s markets, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Tuesday made an intra-day low of US$1.6480/GBP and made an intraday high of US$1.6548/GBP and settled the day up by 0.217% at US$1.6528/ GBP on session close.
Trading Strategy: Neutral
Based on today’s markets; sell below 1.6560-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Tuesday an intra-day low of JPY102.29/USD and made an intraday high of JPY 102.49/USD and settled the day 0.048% down at JPY 102.06/USD on session close.
Trading Strategy: Neutral
Based on today’s markets; Buy on dips around 102.10- 101.20, 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/2014/03/26/

Re: Ikon Markets Daily Forex Analysis (March)

March 27, 2014

Gold closed up on Wednesday and made its intraday high of US$1316.18/ounce a before setting intraday low of US$1298.43/ounce. Gold went down by 0.533% at US$1304.21/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, buy on dips 1300-1290 strict stop loss below 1287 1-hourly closing; targeting 1311-1324 and 1330-1336. Breakage below 1287 will call for 1280-1272. Sell below 1316-1326 with risk hourly closing above 1334, targeting 1309-1300 and 1294-1286; break above 1334 will call for 1344- 1354.


Silver closed down on Wednesday made its intraday high of US$20.12/ounce after setting intraday low of US$19.67/ounce. Silver settled 1.151% down at US$19.95/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength at 19.90-20.35 with stop above 20.60; targeting 19.65; upside breakout of 20.60 will open the way to 20.90-21.50 and 22.05-22.25. Buyers can buy above 19.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (April 2014) on Wednesday made an intra-day high of US$100.44/ bbl and made an intraday low of US$99.07/bbl and settled down by 1.195% at US$100.26/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 100.40-101.00 with target of 98.90-97.80 and 96.60; upside breakage of 101.20 will lead to 101.70- 102.90. Buy above 97.80-98.80, targeting 99.80-100.40 and 101.00-101.70; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60-95.50.


EUR/USD on Wednesday made an intra-day low of US$1.3775/EUR and made an intraday high of US$1.3826/EUR and settled the day down by 0.296% at US$1.3784/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Wednesday made an intra-day low of US$1.6508/GBP and made an intraday high of US$1.6595/GBP and settled the day up by 0.272% at US$1.6575/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6560-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Wednesday an intra-day low of JPY101.86/USD and made an intraday high of JPY 102.46/USD and settled the day 0.195% up at JPY 102.06/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 101.20, 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/2014/03/27/

Re: Ikon Markets Daily Forex Analysis (March)

March 28, 2014

Gold closed down on Thursday and made its intraday high of US$1306.80/ounce a before setting intraday low of US$1288.60/ounce. Gold went down by 1.013% at US$1293.11/ounce.
Trading Strategy: Neutral
Based on today’s market, buy on dips 1294-1286 strict stop loss below 1286 hourly closing; targeting 1311-1324 and 1330-1336. Breakage below 1286 will call for 1280-1272. Sell below 1306-1316 with risk hourly closing above 1324, targeting 1290-1282 and 1272; break above 1324 will call for 1334-1344 and 1354.


Silver closed down on Thursday made its intraday high of US$19.86/ounce after setting intraday low of US$19.54/ounce. Silver settled 0.527% down at US$19.73/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.90-20.35 with stop above 20.60; targeting 19.65; upside breakout of 20.60 will open the way to 20.90-21.50 and 22.05-22.25. Buyers can buy above 19.70-19.30 targeting 20.10-20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (April 2014) on Thursday made an intra‐day high of US$101.68/bbl and made an intraday low of US$100.02/bbl and settled up by 1.027% at US$100.31/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 100.40-101.00 with target of 98.90-97.80 and 96.60; upside breakage of 101.20 will lead to 101.70-102.90. Buy above 101.00-99.80, targeting 101.70-102.80; stop loss 1-hour below 99.20. Breakage below 99.20 will call for 98.80-97.20 and 96.60.


EUR/USD on Thursday made an intra‐day low of US$1.3728/EUR and made an intraday high of US$1.3797/EUR and settled the day down by 0.320% at US$1.3740/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740-1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Thursday made an intra‐day low of US$1.6551/GBP and made an intraday high of US$1.6647/GBP and settled the day up by 0.180% at US$1.6602/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6560-1.6740 with risk above 1.6740; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6480-1.6390 with risk above 1.6380; targeting 1.6550-1.6605 and 1.6740-1.6820.


USD/JPY on Thursday an intra‐day low of JPY101.82/USD and made an intraday high of JPY 102.47/USD and settled the day 0.353% down at JPY 101.92/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10-101.20, 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/2014/03/28/

Re: Ikon Markets Daily Forex Analysis (March)

March 31, 2014

Gold closed up on and made its intraday high of US$1298.56/ounce a before setting intraday low of US$1285.41/ounce. Gold went down by 0.300% at US$1294.62/ ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1306-1316 with risk hourly closing above 1324, targeting 1290-1282 and 1272; break above 1324 will call for 1334-1344 and 1354. Buy above 1286 strict stop loss below 1286 hourly closing; targeting 1305-1311 and 1324-1330. Breakage below 1286 will call for 1280-1272.


Silver closed up on Friday made its intraday high of US$19.91/ounce after setting intraday low of US$19.61/ounce. Silver settled 0.558% up at US$19.81/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.90-20.35 with stop above 20.60; targeting 19.65; upside breakout of 20.60 will open the way to 20.90-21.50 and 22.05-22.25. Buyers can buy above 19.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (April 2014) on Friday made an intra-day high of US$102.61/bbl and made an intraday low of US$101.16/bbl and settled up by 0.246% at US$101.57/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.90-102.90 with target of 101.00-100.20 and 99.80-98.90; upside breakage of 102.90 will lead to 103.40- 104.20. Buy above 101.00-99.80, targeting 101.90-102.90; stop loss 1-hour below 99.20. Breakage below 99.20 will call for 98.80-97.20 and 96.60.


EUR/USD on Friday made an intra-day low of US$1.3703/EUR and made an intraday high of US$1.3773/EUR and settled the day up by 0.064% at US$1.3749/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3740- 1.3650 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3810-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.


GBP/USD on Friday made an intra-day low of US$1.6595/GBP and made an intraday high of US$1.6651/GBP and settled the day up by 0.180% at US$1.6637/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6660-1.6740 with risk above 1.6820; targeting 1.6500-1.6480 and 1.6390. Buy above 1.6560-1.6480 with risk above 1.6380; targeting 1.6660-1.6740 and 1.6820.


USD/JPY on Friday an intra-day low of JPY102.00/USD and made an intraday high of JPY 102.98/USD and settled the day 0.629% down at JPY 102.80/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.90-103.90, targeting 101.50-100.00 with stop above 103.90.


http://www.ikonmarkets.com/daily-reports/2014/03/31/

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