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Topic: Ikon Markets Daily Forex Analysis (April)

April 1, 2014

Gold closed up on Monday and made its intraday high of US$1296.40/ounce a before setting intraday low of US$1281.85/ounce. Gold went up by 0.116% at US$1284.47/ ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1288-1306 with risk hourly closing above 1308, targeting 1280-1272 and 1262; break above 1308 will call for 1316-1324 and 1334-1344. Buy above 1272-1262 strict stop loss below 1262 hourly closing; targeting 1292-1305-1311 and 1324-1330. Breakage below 1286 will call for 1280-1272.


Silver closed down on Monday made its intraday high of US$20.00/ounce after setting intraday low of US$19.70/ounce. Silver settled 0.339% down at US$19.74/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 Monday made an intra-day high of US$101.95/bbl and made an intraday low of US$100.88/bbl and settled up by 0.127% at US$101.52/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 Monday made an intra-day low of US$1.3721/EUR and made an intraday high of US$1.3804/EUR and settled the day up by 0.142% at US$1.3773/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$1.6609/GBP and made an intraday high of US$1.6684/GBP and settled the day up by 0.108% at US$1.6664/ 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 Monday an intra-day low of JPY102.79/USD and made an intraday high of JPY 102.79/USD and settled the day 0.319% up at JPY 103.21/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/2014/04/01/

Re: Ikon Markets Daily Forex Analysis (April)

April 2,2014

Gold
closed up on Tuesday and made its intraday high of US$1287.49/ounce a before setting intraday low of US$1277.47/ounce. Gold went down by 0.426% at US$1278.49/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1288-1306 with risk hourly closing above 1308, targeting 1280-1272 and 1262; break above 1308 will call for 1316-1324 and 1334-1344. Buy above 1272-1262 strict stop loss below 1262 hourly closing; targeting 1292-1305-1311 and 1324-1330. Breakage below 1286 will call for 1280-1272.


Silver closed down on Tuesday made its intraday high of US$19.89/ounce after setting intraday low of US$19.63/ounce. Silver settled 0.151% down at US$19.74/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 Tuesday made an intra-day high of US$101.52/bbl and made an intraday low of US$99.26/bbl and settled down by 1.813% at US$99.64/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 100.50-101.90 with target of 99.40-98.70 and 97.80-97.20; upside breakage of 102.00 will lead to 102.40- 102.90 and 103.40-104.20. Buy above 99.20-98.20, targeting 101.90-102.90; stop loss 1-hour below 99.20. Breakage below 97.20 will call for 96.60.


EUR/USD on Tuesday made an intra-day low of US$1.3767/EUR and made an intraday high of US$1.3814/EUR and settled the day down by 0.174% 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 Tuesday made an intra-day low of US$1.6617/GBP and made an intraday high of US$1.6673/GBP and settled the day up by 0.198% at US$1.6627/ 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 Tuesday an intra-day low of JPY103.08/USD and made an intraday high of JPY 103.70/USD and settled the day 0.406% up at JPY 103.63/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 103.20- 102.10, using a stop loss of below 101.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 103.90-104.90, targeting 103.20-102.50 and 101.50-100.00 with stop above 105.00.


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

Re: Ikon Markets Daily Forex Analysis (April)

April 3, 2014

Gold closed up on Wednesday and made its intraday high of US$1294.40/ounce a before setting intraday low of US$1278.24/ounce. Gold went up by 0.874% at US$1289.42/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1296-1308 with risk hourly closing above 1308, targeting 1280-1272 and 1262; break above 1308 will call for 1316-1324 and 1334-1344. Buy above 1286-1272 strict stop loss below 1270 hourly closing; targeting 1296-1305 and 1311-1324. Breakage below 1270 will call for 1262.

Silver closed up on Wednesday made its intraday high of US$20.13/ounce after setting intraday low of US$19.73/ounce. Silver settled 1.114% up at US$19.96/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 (May 2014) on Wednesday made an intra-day high of US$99.79/bbl and made an intraday low of US$98.85/bbl and settled down by 0.401% at US$99.25/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 99.90-101.00 with target of 98.70-97.80 and 97.20; upside breakage of 102.00 will lead to 102.40-102.90 and 103.40-104.20. Buy above 98.80-98.20, targeting 101.90-102.90; stop loss 1-hour below 97.20. Breakage below 97.20 will call for 96.60.


EUR/USD on Wednesday made an intra-day low of US$1.3752/EUR and made an intraday high of US$1.3819/EUR and settled the day down by 0.188% at US$1.3765/ 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$1.6618/GBP and made an intraday high of US$1.6618/GBP and settled the day down by 0.024% at US$1.6623/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 Wednesday an intra-day low of JPY103.57/USD and made an intraday high of JPY 103.57/USD and settled the day 0.221% up at JPY 103.86/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 103.20- 102.10, using a stop loss of below 101.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 103.90-104.90, targeting 103.20-102.50 and 101.50-100.00 with stop above 105.00.


http://www.ikonmarkets.com/daily-reports/2014/04/03/

Re: Ikon Markets Daily Forex Analysis (April)

April 4, 2014

Gold closed up on Thursday and made its intraday high of US$1293.78/ounce a before setting intraday low of US$1281.30/ounce. Gold went down by 0.278% at US$1286.36/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1294-1308 with risk hourly closing above 1308, targeting 1280-1272 and 1262; break above 1308 will call for 1316-1324 and 1334-1344. Buy above 1280-1272 strict stop loss below 1270 hourly closing; targeting 1294-1305 and 1311-1324. Breakage below 1270 will call for 1262.

Silver closed up on Thursday made its intraday high of US$20.07/ounce after setting intraday low of US$19.83/ounce. Silver settled 0.651% up at US$19.86/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 (May 2014) on Thursday made an intra-day high of US$100.47/bbl and made an intraday low of US$99.05/bbl and settled down by 1.138% at US$100.40/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 100.40-102.20 with target of 98.70-97.80 and 97.20; upside breakage of 102.20 will lead to 102.90- 103.50. Buy above 99.50-98.80, targeting 101.90-102.90; stop loss 1-hour below 98.80. Breakage below 98.80 will call for 98.20-97.80.

EUR/USD on Thursday made an intra-day low of US$1.3697/EUR and made an intraday high of US$1.3805/EUR and settled the day down by 0.334% at US$1.3719/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3700- 1.3650 with risk below 1.3650, targeting 1.3750-1.3830 and 1.3900. Sell below 1.3750-1.3890 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$1.6618/GBP and made an intraday high of US$1.6618/GBP and settled the day down by 0.024% at US$1.6623/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 Wednesday an intra-day low of JPY103.57/USD and made an intraday high of JPY 103.57/USD and settled the day 0.221% up at JPY 103.86/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 103.20- 102.10, using a stop loss of below 101.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 103.90-104.90, targeting 103.20-102.50 and 101.50-100.00 with stop above 105.00.


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

Re: Ikon Markets Daily Forex Analysis (April)

April 7, 2014

Gold closed up on Friday and made its intraday high of US$1306.55/ounce after setting intraday low of US$1284.08/ounce. Gold went up by 1.337% at US$1303.29/ ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1306-1316 with risk hourly closing above 1316, targeting 1294-1284 and 1278-1272; break above 1316 will call for 1324-1334 and 1344. Buy above 1278-1286 strict stop loss below 1276 hourly closing; targeting 1305-1311 and 1318-1324. Breakage below 1276 will call for 1270-1262.


Silver closed up on Friday made its intraday high of US$20.21/ounce after setting intraday low of US$19.78/ounce. Silver settled 0.605% up at US$19.95/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 20.00-20.35 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 (May 2014) on Friday made an intra-day high of US$101.59/bbl and made an intraday low of US$100.27/bbl and settled down by 0.737% at US$101.09/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.20-102.20 with target of 98.70-97.80 and 97.20; upside breakage of 102.20 will lead to 102.90- 103.50. Buy above 100.20-98.80, targeting 101.90-102.90; stop loss 1-hour below 98.80. Breakage below 98.80 will call for 98.20-97.80.


EUR/USD on Friday made an intra-day low of US$1.3671/EUR and made an intraday high of US$1.3730/EUR and settled the day down by 0.116% at US$1.3702/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Sell on strength in between 1.3730- 1.3820 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3890. Buy on dips in between 1.3700-1.3650 with risk below 1.3650, targeting 1.3750- 1.3830 and 1.3900.


GBP/USD on Friday made an intra-day low of US$1.6551/GBP and made an intraday high of US$1.6604/GBP and settled the day down by 0.132% at US$1.6574/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6605-1.6690 with risk above 1.6690; targeting 1.6550-1.6480 and 1.6390. Buy above 1.6560-1.6480 with risk above 1.6480; targeting 1.6600-1.6660 and 1.6740-1.6820.


USD/JPY on Friday an intra-day low of JPY103.19/USD and made an intraday high of JPY 104.11/USD and settled the day 0.617% down at JPY 103.26/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 103.10- 102.10, using a stop loss of below 101.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 103.90-104.90, targeting 103.20-102.50 and 101.50-100.00 with stop above 105.00.


http://www.ikonmarkets.com/daily-reports/2014/04/07/

Re: Ikon Markets Daily Forex Analysis (April)

April 8, 2014

Gold closed down on Monday and made its intraday high of US$1304.05/ounce after setting intraday low of US$1295.51/ounce. Gold went down by 0.500% at US$1303.29/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1309-1317 with risk hourly closing above 1321, targeting 1294-1284 and 1278-1272; break above 1321 will call for 1328-1334 and 1344. Buy above 1284-1294 strict stop loss below 1278 hourly closing; targeting 1309-1317 and 1324-1334. Breakage below 1278 will call for 1270-1262.


Silver closed down on Monday made its intraday high of US$20.00/ounce after setting intraday low of US$19.77/ounce. Silver settled 0.401% down at US$19.85/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 20.00-20.35 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 (May 2014) on Monday made an intra‐day high of US$101.29/bbl and made an intraday low of US$99.92/bbl and settled down by 0.168% at US$100.71/bbl on session close
Trading Strategy: Neutral
Based on today’s market, sell below 101.20-102.20 with target of 98.70-97.80 and 97.20; upside breakage of 102.20 will lead to 102.90-103.50. Buy above 100.20-98.80, targeting 101.90-102.90; stop loss 1-hour below 98.80. Breakage below 98.80 will call for 98.20-97.80.


EUR/USD
on Monday made an intra‐day low of US$1.3736/EUR and made an intraday high of US$1.3745/EUR and settled the day down by 0.328% at US$1.3745/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Sell on strength in between 1.3750-1.3820 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3890. Buy on dips in between 1.3700-1.3650 with risk below 1.3650, targeting 1.3750-1.3830 and 1.3900.


GBP/USD
on Monday made an intra‐day low of US$1.6563/GBP and made an intraday high of US$1.6622/GBP and settled the day down by 0.253% at US$1.6605/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6605-1.6690 with risk above 1.6690; targeting 1.6550-1.6480 and 1.6390. Buy above 1.6560-1.6480 with risk above 1.6480; targeting 1.6600-1.6660 and 1.6740-1.6820.


USD/JPY on Monday an intra‐day low of JPY102.98/USD and made an intraday high of JPY 103.38/USD and settled the day 0.174% down at JPY 103.08/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 103.10-102.10, using a stop loss of below 101.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 103.90-104.90, targeting 103.20-102.50 and 101.50-100.00 with stop above 105.00.


http://www.ikonmarkets.com/daily-reports/2014/04/08/

Re: Ikon Markets Daily Forex Analysis (April)

April 9, 2014

Gold closed up on Tuesday and made its intraday high of US$1314.18/ounce after setting intraday low of US$1296.53/ounce. Gold went up by 0.915% at US$1308.40/ ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1314-1321 with risk hourly closing above 1321, targeting 1301-1294 and 1284-1278; break above 1321 will call for 1328-1334 and 1344. Buy above 1284-1300 strict stop loss below 1278 hourly closing; targeting 1309-1317 and 1324-1334. Breakage below 1278 will call for 1270-1262.


Silver closed down on Tuesday made its intraday high of US$20.16/ounce after setting intraday low of US$19.85/ounce. Silver settled 0.805% up at US$20.02/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 20.00-20.35 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 (May 2014) on Monday made an intra-day high of US$101.29/bbl and made an intraday low of US$99.92/bbl and settled down by 0.168% at US$100.71/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 102.60-103.70 with target of 101.80-101.00 and 99.80-98.70; upside breakage of 103.90 will lead to 105.20. Buy above 101.80-101.00, targeting 101.90-102.90; stop loss 1-hour below 100.80. Breakage below 100.80 will call for 100.20-99.80 and 98.80-98.20.


EUR/USD on Tuesday made an intra-day low of US$1.3734/EUR and made an intraday high of US$1.3810/EUR and settled the day up by 0.365% at US$1.3792/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Sell on strength in between 1.3790- 1.3890 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3890. Buy on dips in between 1.3750-1.3650 with risk below 1.3650, targeting 1.3790- 1.3830 and 1.3900.


GBP/USD on Tuesday made an intra-day low of US$1.6603/GBP and made an intraday high of US$1.6754/GBP and settled the day up by 0.2853% at US$1.6747/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6820; targeting 1.6700-1.6660 and 1.6550-1.6480. Buy above 1.6700- 1.6600 with risk above 1.6580; targeting 1.6740-1.6820.


USD/JPY on Tuesday an intra-day low of JPY101.52/USD and made an intraday high of JPY 103.07/USD and settled the day 1.098% down at JPY 101.95/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 101.10, using a stop loss of below 101.00; targeting 102.60-103.80. Sell below 103.00-103.90, targeting 103.20-102.50 and 101.50-100.00 with stop above 104.20.


http://www.ikonmarkets.com/daily-reports/2014/04/09/

Re: Ikon Markets Daily Forex Analysis (April)

April 10, 2014

Gold closed up on Wednesday and made its intraday high of US$1314.93/ounce after setting intraday low of US$1300.74/ounce. Gold went up by 0.262% at US$1311.62/ ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1319-1324 with risk hourly closing above 1324, targeting 1309-1301 and 1294-1284; break above 1324 will call for 1328-1334 and 1344. Buy above 1284-1300 strict stop loss below 1278 hourly closing; targeting 1309-1317 and 1324-1334. Breakage below 1278 will call for 1270-1262.


Silver closed down on Wednesday made its intraday high of US$20.09/ounce after setting intraday low of US$19.87/ounce. Silver settled 0.699% down at US$19.87/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 20.00-20.35 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 (May 2014) on Wednesday made an intra-day high of US$103.74/bbl and made an intraday low of US$102.02/bbl and settled up by 1.065% at US$103.41/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.70-104.80 with target of 101.80-101.00 and 99.80-98.70; upside breakage of 105.20 will lead to 106.30. Buy above 102.80-101.80, targeting 103.70-104.80; stop loss 1-hour below 101.00. Breakage below 101.00 will call for 100.20-99.80.


EUR/USD on Wednesday made an intra-day low of US$1.3779/EUR and made an intraday high of US$1.3861/EUR and settled the day up by 0.420% at US$1.3854/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Sell on strength in between 1.3790- 1.3890 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3890. Buy on dips in between 1.3750-1.3650 with risk below 1.3650, targeting 1.3790- 1.3830 and 1.3900.


GBP/USD on Wednesday made an intra-day low of US$1.6723/GBP and made an intraday high of US$1.6799/GBP and settled the day up by 0.274% at US$1.6791/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820. Sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480.


USD/JPY on Wednesday an intra-day low of JPY101.71/USD and made an intraday high of JPY 102.15/USD and settled the day 0.176% down at JPY 101.98/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.10- 101.10, using a stop loss of below 101.00; targeting 102.60-103.80. Sell below 103.00-103.90, targeting 103.20-102.50 and 101.50-100.00 with stop above 104.20.


http://www.ikonmarkets.com/daily-reports/2014/04/10/

Re: Ikon Markets Daily Forex Analysis (April)

April 11, 2014

Gold closed up on Thursday and made its intraday high of US$1324.43/ounce after setting intraday low of US$1310.24/ounce. Gold went up by 0.543% at US$1318.23/ ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1319-1324 with risk hourly closing above 1324, targeting 1309-1301 and 1294-1284; break above 1324 will call for 1328-1334 and 1344. Buy above 1284-1300 strict stop loss below 1278 hourly closing; targeting 1309-1317 and 1324-1334. Breakage below 1278 will call for 1270-1262.


Silver closed up on Thursday made its intraday high of US$20.38/ounce after setting intraday low of US$19.87/ounce. Silver settled 0.559% up at US$20.00/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 20.00-20.35 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 (May 2014) on Thursday made an intra-day high of US$103.79/bbl and made an intraday low of US$103.08/bbl and settled down by 0.0290% at US$103.36/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.70-104.80 with target of 101.80-101.00 and 99.80-98.70; upside breakage of 105.20 will lead to 106.30. Buy above 102.80-101.80, targeting 103.70-104.80; stop loss 1-hour below 101.00. Breakage below 101.00 will call for 100.20-99.80.


EUR/USD on Thursday made an intra-day low of US$1.3835/EUR and made an intraday high of US$1.3898/EUR and settled the day up by 0.223% at US$1.3885/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3910- 1.4000 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3400. Buy on dips in between 1.3830-1.3750 with risk below 1.3700, targeting 1.3890- 1.3970.


GBP/USD on Wednesday made an intra-day low of US$1.6723/GBP and made an intraday high of US$1.6799/GBP and settled the day up by 0.274% at US$1.6791/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY
on Thursday an intra-day low of JPY101.32/USD and made an intraday high of JPY 102.12/USD and settled the day 0.451% up at JPY 101.52/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/11/

Re: Ikon Markets Daily Forex Analysis (April)

April 14, 2014

Gold closed up on Friday and made its intraday high of US$1323.59/ounce after setting intraday low of US$1313.98/ounce. Gold went up by 0.072% at US$1318.13/ ounce.
Trading Strategy: Neutral
Based on the today’s market, Sell below 1319-1324 with risk hourly closing above 1334, targeting 1309-1301 and 1294-1284; break above 1334 will call for 1344-1354. Buy above 1301-1309 strict stop loss below 1298 hourly closing; targeting 1324-1334 and 1344. Breakage below 1298 will call for 1290-1284 and 1278-1272.


Silver closed down on Friday made its intraday high of US$20.11/ounce after setting intraday low of US$19.90/ounce. Silver settled 0.09% down at US$20.06/ounce.
Trading Strategy: Neutral
Based on the today’s market, sell on strength at 20.00-20.35 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 (May 2014) on Friday made an intra-day high of US$104.41/bbl and made an intraday low of US$102.99/bbl and settled up by 0.048% at US$103.37/bbl on session close.
Trading Strategy: Neutral
Based on the today’s market, sell below 103.70-104.80 with target of 101.80-101.00 and 99.80-98.70; upside breakage of 105.20 will lead to 106.30. Buy above 102.80-101.80, targeting 103.70-104.80; stop loss 1-hour below 101.00. Breakage below 101.00 will call for 100.20-99.80.


EUR/USD on Friday made an intra-day low of US$1.3862/EUR and made an intraday high of US$1.3883/EUR and settled the day down by 0.014% at US$1.3883/EUR on session close.
Trading Strategy: Neutral
Based on the today’s market, sell on strength in between 1.3910- 1.4000 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3400. Buy on dips in between 1.3830-1.3750 with risk below 1.3700, targeting 1.3890- 1.3970.


GBP/USD on Friday made an intra-day low of US$1.6716/GBP and made an intraday high of US$1.6786/GBP and settled the day down by 0.321% at US$1.6728/GBP on session close.
Trading Strategy: Neutral
Based on the today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY
on Friday an intra-day low of JPY101.31/USD and made an intraday high of JPY 101.86/USD and settled the day 0.088% up at JPY 101.61/USD on session close.
Trading Strategy: Neutral
Based on the today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/14/

Re: Ikon Markets Daily Forex Analysis (April)

April 15, 2014

Gold closed up on Monday and made its intraday high of US$1330.98/ounce after setting intraday low of US$1317.98/ounce. Gold went up by 0.691% at US$1327.61/ ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1321-1330 with risk hourly closing above 1334, targeting 1311-1301; break above 1334 will call for 1344-1354. Buy above 1301-1309 strict stop loss below 1298 hourly closing; targeting 1324- 1334 and 1344. Breakage below 1298 will call for 1290-1284 and 1278-1272.


Silver closed down on Monday made its intraday high of US$20.13/ounce after setting intraday low of US$19.97/ounce. Silver settled 0.349% down at US$19.97/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 20.00-20.35 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 (May 2014) on Monday made an intra-day high of US$104.53/bbl and made an intraday low of US$103.33/bbl and settled up by 0.028% at US$103.59/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.90-104.80 with target of 103.00-102.60 and 101.80-101.00; upside breakage of 105.20 will lead to 106.30. Buy above 102.80-101.80, targeting 103.70-104.80; stop loss 1-hour below 101.00. Breakage below 101.00 will call for 100.20-99.80.


EUR/USD on Monday made an intra-day low of US$1.3806/EUR and made an intraday high of US$1.3863/EUR and settled the day down by 0.246% at US$1.3813/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD
on Monday made an intra-day low of US$1.6695/GBP and made an intraday high of US$1.6742/GBP and settled the day down by 0.012% at US$1.6727/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY
on Monday intra-day low of JPY101.91/USD and made an intraday high of JPY 102.10/USD and settled the day 0.457% up at JPY 101.91/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/15/

Re: Ikon Markets Daily Forex Analysis (April)

April 16, 2014

Gold
closed up on Tuesday and made its intraday high of US$1328.05/ounce before setting intraday low of US$1285.67/ounce. Gold went down by 1.817% at US$1302.18/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1304-1319 with risk hourly closing above 1320, targeting 1311-1301; break above 1320 will call for 1328-1334 and 1344. Buy above 1278-1288 strict stop loss below 1278 hourly closing; targeting 1324-1334 and 1344. Breakage below 1278 will call for 1272-1264.


Silver closed down on Monday made its intraday high of US$20.13/ounce after setting intraday low of US$19.97/ounce. Silver settled 0.349% down at US$19.97/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.60-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (May 2014) on Tuesday made an intra-day high of US$104.02/bbl and made an intraday low of US$103.81/bbl and settled up by 0.222% at US$103.81/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.90-104.80 with target of 103.00-102.60 and 101.80-101.00; upside breakage of 105.20 will lead to 106.30. Buy above 103.40-102.60, targeting 103.70-104.80; stop loss 1-hour below 101.70. Breakage below 101.70 will call for 101.20-100.50.


EUR/USD on Tuesday made an intra-day low of US$1.3789/EUR and made an intraday high of US$1.3832/EUR and settled the day down by 0.043% at US$1.3813/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD on Tuesday made an intra-day low of US$1.6657/GBP and made an intraday high of US$1.6747/GBP and settled the day down by 0.001% at US$1.6727/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY on Tuesday intra-day low of JPY101.49/USD and made an intraday high of JPY 101.98/USD and settled the day 0.068% up at JPY 101.90/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/16/

Re: Ikon Markets Daily Forex Analysis (April)

April 17, 2014

Gold closed up on Wednesday and made its intraday high of US$1306.87/ounce before setting intraday low of US$1293.38/ounce. Gold went up by 0.003% at US$1302.12/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1304-1319 with risk hourly closing above 1320, targeting 1311-1301; break above 1320 will call for 1328-1334 and 1344. Buy above 1278-1284 strict stop loss below 1278 hourly closing; targeting 1324-1334 and 1344. Breakage below 1278 will call for 1272-1264.


Silver closed up on Wednesday made its intraday high of US$19.81/ounce after setting intraday low of US$19.93/ounce. Silver settled 0.357% up at US$19.64/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.60-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (May 2014) on Wednesday made an intra-day high of US$104.97/bbl and made an intraday low of US$103.11/bbl and settled up by 0.057% at US$103.78/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 104.20-105.20 with target of 103.00-102.60 and 101.80-101.00; upside breakage of 105.20 will lead to 106.30. Buy above 103.40-102.60, targeting 103.70-104.80; stop loss 1-hour below 101.70. Breakage below 101.70 will call for 101.20-100.50.


EUR/USD on Wednesday made an intra-day low of US$1.3802/EUR and made an intraday high of US$1.3850/EUR and settled the day up by 0.007% at US$1.3814/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD on Wednesday made an intra-day low of US$1.6718/GBP and made an intraday high of US$1.6816/GBP and settled the day down by 0.04% at US$1.6795/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY on Wednesday intra-day low of JPY101.80/USD and made an intraday high of JPY 102.35/USD and settled the day 0.314% up at JPY 102.22/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/17/

Re: Ikon Markets Daily Forex Analysis (April)

April 21, 2014

Gold closed up on Friday and made its intraday high of US$1303.97/ounce before setting intraday low of US$1293.03/ounce. Gold went down by 0.537% at US$1294.64/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1300-1319 with risk hourly closing above 1320, targeting 1311-1301; break above 1320 will call for 1328-1334 and 1344. Buy above 1278-1284 strict stop loss below 1278 hourly closing; targeting 1324-1334 and 1344. Breakage below 1278 will call for 1272-1264.


Silver closed up on Friday made its intraday high of US$19.71/ounce after setting intraday low of US$19.49/ounce. Silver settled 0.0509% up at US$19.63/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.70-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (May 2014) on Friday made an intra-day high of US$104.74/bbl and made an intraday low of US$103.52/bbl and settled up by 0.639% at US$104.74/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 104.20-105.20 with target of 103.00-102.60 and 101.80-101.00; upside breakage of 105.20 will lead to 106.30. Buy above 103.40-102.60, targeting 103.70-104.80; stop loss 1-hour below 101.70. Breakage below 101.70 will call for 101.20-100.50.


EUR/USD on Friday made an intra-day low of US$1.3806/EUR and made an intraday high of US$1.3821/EUR and settled the day up by 0.021% at US$1.3809/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD on Friday made an intra-day low of US$1.6772/GBP and made an intraday high of US$1.6800/GBP and settled the day down by 0.0357% at US$1.6797/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY
on Friday intra-day low of JPY102.23/USD and made an intraday high of JPY 102.56/USD and settled the day 0.039% up at JPY 102.51/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/21/

Re: Ikon Markets Daily Forex Analysis (April)

April 22, 2014

Gold closed down on Monday and made its intraday high of US$1301.22/ounce before setting intraday low of US$1281.70/ounce. Gold went down by 0.661% at US$1289.41/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1294-1304 with risk hourly closing above 1309, targeting 1284-1274 and 1260; break above 1309 will call for 1316-1328 and 1334. Buy above 1278-1284 strict stop loss below 1274 hourly closing; targeting 1324-1334 and 1344. Breakage below 1274 will call for 1268- 1260.


Silver closed down on Friday made its intraday high of US$19.71/ounce after setting intraday low of US$19.24/ounce. Silver settled 0.867% down at US$19.43/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.70-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (May 2014) on Monday made an intra-day high of US$103.80/bbl and made an intraday low of US$103.57/bbl and settled down by 0.106% at US$103.57/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.90-105.20 with target of 103.00-102.60 and 101.80-101.00; upside breakage of 105.20 will lead to 106.30. Buy above 103.40-102.60, targeting 103.70-104.80; stop loss 1-hour below 101.70. Breakage below 101.70 will call for 101.20-100.50.


EUR/USD on Monday made an intra-day low of US$1.3829/EUR and made an intraday high of US$1.3829/EUR and settled the day down by 0.115% at US$1.3791/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD on Monday made an intra-day low of US$1.6782/GBP and made an intraday high of US$1.6817/GBP and settled the day down by 0.0119% at US$1.6789/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY on Monday intra-day low of JPY102.38/USD and made an intraday high of JPY 102.69/USD and settled the day 0.175% up at JPY 102.59/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://ikonmarkets.com/daily-reports/2014/04/22/

Re: Ikon Markets Daily Forex Analysis (April)

April 23, 2014

Gold closed down on Tuesday and made its intraday high of US$1292.63/ounce before setting intraday low of US$1277.37/ounce. Gold went down by 0.506% at US$1283.41/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1288-1304 with risk hourly closing above 1309, targeting 1284-1274 and 1260; break above 1309 will call for 1316-1328 and 1334. Buy above 1278-1284 strict stop loss below 1274 hourly closing; targeting 1324-1334 and 1344. Breakage below 1274 will call for 1268-1260.


Silver closed down on Tuesday made its intraday high of US$19.52/ounce after setting intraday low of US$19.29/ounce. Silver settled 0.051% down at US$19.40/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.65-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10-20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Tuesday made an intra‐day high of US$103.63/bbl and made an intraday low of US$101.49/bbl and settled down by 1.641% at US$101.86/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 102.10-103.90 with target of 103.00-102.60 and 101.80-101.00; upside breakage of 104.00 will lead to 105.00-106.30.


EUR/USD on Tuesday made an intra‐day low of US$1.3784/EUR and made an intraday high of US$1.3824/EUR and settled the day down by 0.094% at US$1.3804/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830-1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830-1.3910.


GBP/USD on Tuesday made an intra‐day low of US$1.6784/GBP and made an intraday high of US$1.6838/GBP and settled the day down by 0.196% at US$1.6822/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY
on Tuesday intra‐day low of JPY102.40/USD and made an intraday high of JPY 102.71/USD and settled the day 0.001% down at JPY 102.60/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30-100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/23/

Re: Ikon Markets Daily Forex Analysis (April)

April 24, 2014

Gold closed down on Wednesday and made its intraday high of US$1288.84/ounce before setting intraday low of US$1280.76/ounce. Gold went down by 0.026% at US$1283.36/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1288-1304 with risk hourly closing above 1309, targeting 1284-1274 and 1260; break above 1309 will call for 1316-1328 and 1334. Buy above 1278-1284 strict stop loss below 1274 hourly closing; targeting 1324-1334 and 1344. Breakage below 1274 will call for 1268- 1260.

Silver closed up on Wednesday made its intraday high of US$19.54/ounce after setting intraday low of US$19.38/ounce. Silver settled 0.154% up at US$19.43/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.65-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Wednesday made an intra-day high of US$102.05/ bbl and made an intraday low of US$101.19/bbl and settled down by 0.294% at US$101.53/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 102.10-103.90 with target of 101.80-101.20 and 100.20; upside breakage of 104.00 will lead to 105.00- 106.30.


EUR/USD on Wednesday made an intra-day low of US$1.3799/EUR and made an intraday high of US$1.3853/EUR and settled the day up by 0.0796% at US$1.3815/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD
on Wednesday made an intra-day low of US$1.6761/GBP and made an intraday high of US$1.6835/GBP and settled the day down by 0.225% at US$1.6779/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY on Wednesday intra-day low of JPY102.05/USD and made an intraday high of JPY 101.53/USD and settled the day 0.294% down at JPY 101.53/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/24/

Re: Ikon Markets Daily Forex Analysis (April)

April 25, 2014

Gold closed down on Thursday and made its intraday high of US$1298.58/ounce before setting intraday low of US$1268.35/ounce. Gold went up by 0.712% at US$1292.80/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1294-1304 with risk hourly closing above 1309, targeting 1284-1274 and 1260; break above 1309 will call for 1316-1328 and 1334. Buy above 1272-1282 strict stop loss below 1268 hourly closing; targeting 1324-1334 and 1344. Breakage below 1268 will call for 1260- 1254.


Silver closed up on Thursday made its intraday high of US$19.90/ounce after setting intraday low of US$18.93/ounce. Silver settled 1.029% up at US$19.63/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.65-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Thursday made an intra-day high of US$102.33/bbl and made an intraday low of US$101.39/bbl and settled down by 0.364% at US$101.88/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 102.10-103.90 with target of 101.80-101.20 and 100.20; upside breakage of 104.00 will lead to 105.00- 106.30.


EUR/USD on Thursday made an intra-day low of US$1.3790/EUR and made an intraday high of US$1.3842/EUR and settled the day up by 0.101% at US$1.3829/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD on Thursday made an intra-day low of US$1.6761/GBP and made an intraday high of US$1.6812/GBP and settled the day down by 0.154% at US$1.6808/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY on Thursday intra-day low of JPY102.06/USD and made an intraday high of JPY 102.65/USD and settled the day 0.185% down at JPY 102.30/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/25/

Re: Ikon Markets Daily Forex Analysis (April)

April 28, 2014

Gold closed up on Friday and made its intraday high of US$1304.91/ounce before setting intraday low of US$1290.26/ounce. Gold went up by 0.699% at US$1302.90/ ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1304-1316 with risk hourly closing above 1316, targeting 1296-1288 and 1280-1270; break above 1316 will call for 1324-1334. Buy above 1284-1294 strict stop loss below 1277 hourly closing; targeting 1316-1324 and 1334-1344. Breakage below 1277 will call for 1268-1260 and 1254.


Silver closed up on Friday made its intraday high of US$19.79/ounce after setting intraday low of US$19.50/ounce. Silver settled 0.305% up at US$19.70/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.65-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude
futures (June 2014) on Friday made an intra-day high of US$102.03/bbl and made an intraday low of US$100.47/bbl and settled down by 1.246% at US$100.63/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.90-103.90 with target of 100.20-99.20; upside breakage of 104.00 will lead to 105.00-106.30.


EUR/USD on Friday made an intra-day low of US$1.3826/EUR and made an intraday high of US$1.3847/EUR and settled the day up by 0.0219% at US$1.3833/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD on Friday made an intra-day low of US$1.6788/GBP and made an intraday high of US$1.6830/GBP and settled the day up by 0.0114% at US$1.6798/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY on Friday intra-day low of JPY101.95/USD and made an intraday high of JPY 102.48/USD and settled the day 0.107% down at JPY 102.18/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://www.ikonmarkets.com/daily-reports/2014/04/28/

Re: Ikon Markets Daily Forex Analysis (April)

April 29, 2014

Gold closed up on Monday and made its intraday high of US$1306.42/ounce before setting intraday low of US$1291.70/ounce. Gold went down by 0.5854% at US$1296.42/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1304-1316 with risk hourly closing above 1316, targeting 1296-1288 and 1280-1270; break above 1316 will call for 1324-1334. Buy above 1284-1294 strict stop loss below 1277 hourly closing; targeting 1316-1324 and 1334-1344. Breakage below 1277 will call for 1268-1260 and 1254.


Silver closed down on Monday made its intraday high of US$19.75/ounce after setting intraday low of US$19.45/ounce. Silver settled 0.669% down at US$19.57/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.65-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Monday made an intra-day high of US$101.50/bbl and made an intraday low of US$100.32/bbl and settled up by 0.378% at US$100.85/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.90-103.90 with target of 100.20-99.20; upside breakage of 104.00 will lead to 105.00-106.30.


EUR/USD on Monday made an intra-day low of US$1.3813/EUR and made an intraday high of US$1.3880/EUR and settled the day up by 0.0938% at US$1.3852/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.


GBP/USD on Monday made an intra-day low of US$1.6775/GBP and made an intraday high of US$1.6858/GBP and settled the day up by 0.0297% at US$1.6808/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.


USD/JPY on Monday intra-day low of JPY102.01/USD and made an intraday high of JPY 102.62/USD and settled the day 0.414% down at JPY 102.52/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.


http://ikonmarkets.com/daily-reports/2014/04/29/

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