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Topic: Ikon Markets Daily Forex Analysis (May)

May 1, 2014

Gold closed down on Wednesday and made its intraday high of US$1297.81/ounce before setting intraday low of US$1284.83/ounce. Gold went down by 0.323% at US$1291.04/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1296-1304 with risk hourly closing above 1309, targeting 1286-1278 and 1268-1260; break above 1309 will call for 1316-1324. Buy above 1284-1270 strict stop loss below 1268 hourly closing; targeting 1296-1309 and 1316-1324. Breakage below 1268 will call for 1260-1251.


Silver closed down on made its intraday high of US$19.47/ounce after setting intraday low of US$19.04/ounce. Silver settled 1.388% down at US$19.18/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.25-19.90 with stop above 19.90; targeting 19.05-18.70 and 18.20; upside breakout of 19.90 will open the way to 20.15-20.35. Buyers can buy above 18.60-18.90 targeting 19.35- 19.65 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Wednesday made an intra-day high of US$100.73/bbl and made an intraday low of US$99.33/bbl and settled down by 1.042% at US$99.67/ 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 Wednesday made an intra-day low of US$1.3772/EUR and made an intraday high of US$1.3772/EUR and settled the day up by 0.390% at US$1.3865/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3890- 1.3970 targeting 1.3830-1.3750 and 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3970. 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$1.6805/GBP and made an intraday high of US$1.6899/GBP and settled the day up by 0.273% at US$1.6871/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6900 with risk above 1.6900; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6660; targeting 1.6740-1.6820.


USD/JPY on Wednesday intra-day low of JPY102.02/USD and made an intraday high of JPY 102.64/USD and settled the day 0.389% down 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://ikonmarkets.com/daily-reports/2014/05/01/

Re: Ikon Markets Daily Forex Analysis (May)

May 2, 2014

Gold closed down on Thursday and made its intraday high of US$1292.76/ounce before setting intraday low of US$1277.16/ounce. Gold went down by 0.580% at US$1283.79/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1290-1304 with risk hourly closing above 1309, targeting 1278-1268 and 1260; break above 1309 will call for 1316-1324. Buy above 1278-1270 strict stop loss below 1268 hourly closing; targeting 1296-1309 and 1316-1324. Breakage below 1268 will call for 1260-1251.


Silver closed down on Thursday on made its intraday high of US$19.24/ounce after setting intraday low of US$18.67/ounce. Silver settled 0.782% down at US$19.02/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.05-19.65 with stop above 19.65; targeting 18.70-18.20; upside breakout of 19.90 will open the way to 20.15-20.35. Buyers can buy above 18.60-18.90 targeting 19.35-19.65 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Thursday made an intra-day high of US$99.87/bbl and made an intraday low of US$98.73/bbl and settled down by 0.521% at US$99.18/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 100.40-101.90 with target of 98.80-98.20 and 97.40; upside breakage of 102.10 will lead to 102.60-103.90.


EUR/USD on Thursday made an intra-day low of US$1.3862/EUR and made an intraday high of US$1.3888/EUR and settled the day up by 0.021% at US$1.3868/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3880-1.3970 targeting 1.3830-1.3750 and 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3970. 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$1.6868/GBP and made an intraday high of US$1.6918/GBP and settled the day up by 0.118% at US$1.6890/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6900 with risk above 1.6900; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6660; targeting 1.6740-1.6820.


USD/JPY on Thursday intra-day low of JPY102.12/USD and made an intraday high of JPY 102.35/USD and settled the day 0.088% up at JPY 102.31/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/2014/05/02/

Re: Ikon Markets Daily Forex Analysis (May)

May 5, 2014

Gold closed up on Friday and made its intraday high of US$1304.41/ounce before setting intraday low of US$1273.57/ounce. Gold went up by 1.177% at US$1299.50/ ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1304-1316 with risk hourly closing above 1316, targeting 1292-1284 and 1278-12680; break above 1316 will call for 1324-1334. Buy above 1284-1270 strict stop loss below 1268 hourly closing; targeting 1304-1309 and 1316-1324. Breakage below 1268 will call for 1260-1251.


Silver closed up on Friday on made its intraday high of US$19.67/ounce after setting intraday low of US$18.90/ounce. Silver settled 2.310% down at US$19.48/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.75-20.05 with stop above 20.35; targeting 19.30-19.05 and 18.95-18.70; upside breakout of 20.35 will open the way to 20.65-20.90. Buyers can buy above 18.90-19.30 targeting 19.70 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Friday made an intra-day high of US$100.12/bbl and made an intraday low of US$99.14/bbl and settled up by 0.776% at US$99.91/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 100.30-101.90 with target of 98.80-98.20 and 97.40; upside breakage of 102.10 will lead to 102.60- 103.90.


EUR/USD on Friday made an intra-day low of US$1.3811/EUR and made an intraday high of US$1.3880/EUR and settled the day up by 0.068% at US$1.3868/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3880-1.3970 targeting 1.3830-1.3750 and 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3970. 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$1.6819/GBP and made an intraday high of US$1.6994/GBP and settled the day down by 0.100% at US$1.6873/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6900 with risk above 1.6900; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6660; targeting 1.6740-1.6820.


USD/JPY on Friday intra-day low of JPY102.12/USD and made an intraday high of JPY 103.01/USD and settled the day 0.117% down at JPY 102.19/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/2014/05/05/

Re: Ikon Markets Daily Forex Analysis (May)

May 6, 2014

Gold closed up on Monday and made its intraday high of US$1315.41/ounce before setting intraday low of US$1299.24/ounce. Gold went up by 0.763% at US$1310.01/ ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1316 with risk hourly closing above 1316, targeting 1304-1292 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1292-1300 strict stop loss below 1292 hourly closing; targeting 1316-1324 and 1334. Breakage below 1292 will call for 1284-1278.


Silver
closed up on Monday on made its intraday high of US$19.73/ounce after setting intraday low of US$19.45/ounce. Silver settled 0.461% up at US$19.59/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.70-20.05 with stop above 20.35; targeting 19.30-19.05 and 18.95-18.70; upside breakout of 20.35 will open the way to 20.65-20.90. Buyers can buy above 18.90-19.30 targeting 19.70 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude
futures (June 2014) on Monday made an intra-day high of US$100.41/bbl and made an intraday low of US$98.92/bbl and settled down by 0.590% at US$99.35/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 100.30-101.90 with target of 98.80-98.20 and 97.40; upside breakage of 102.10 will lead to 102.60- 103.90.


EUR/USD on Monday made an intra-day low of US$1.3863/EUR and made an intraday high of US$1.3885/EUR and settled the day down by 0.072% at US$1.3874/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3880-1.3970 targeting 1.3830-1.3750 and 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3970. 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$1.6852/GBP and made an intraday high of US$1.6884/GBP and settled the day down by 0.070% at US$1.6865/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6900 with risk above 1.6900; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6660; targeting 1.6740-1.6820.


USD/JPY on Monday intra-day low of JPY101.85/USD and made an intraday high of JPY 102.25/USD and settled the day 0.009% down at JPY 102.13/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/2014/05/06/

Re: Ikon Markets Daily Forex Analysis (May)

May 7, 2014

Gold closed down on Tuesday and made its intraday high of US$1313.80/ounce before setting intraday low of US$1304.06/ounce. Gold went down by 0.146% at US$1307.51/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1316 with risk hourly closing above 1316, targeting 1304-1292 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1292-1300 strict stop loss below 1292 hourly closing; targeting 1316-1324 and 1334. Breakage below 1292 will call for 1284-1278.


Silver
closed up on Tuesday on made its intraday high of US$19.68/ounce after setting intraday low of US$19.48/ounce. Silver settled 0.051% up at US$19.58/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.70-20.05 with stop above 20.35; targeting 19.30-19.05 and 18.95-18.70; upside breakout of 20.35 will open the way to 20.65-20.90. Buyers can buy above 18.90-19.30 targeting 19.70 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Tuesday made an intra-day high of US$100.40/bbl and made an intraday low of US$99.29/bbl and settled up by 0.503% at US$99.84/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 100.30-101.90 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.10 will lead to 102.60-103.90.


EUR/USD on Tuesday made an intra-day low of US$1.3871/EUR and made an intraday high of US$1.3950/EUR and settled the day up by 0.374% at US$1.3926/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3970 targeting 1.3830-1.3750 and 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3970. Buy on dips in between 1.3890-1.3790 with risk below 1.3790, targeting 1.3830- 1.3910.


GBP/USD on Tuesday made an intra-day low of US$1.6864/GBP and made an intraday high of US$1.6994/GBP and settled the day up by 0.640% at US$1.6973/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6990 with risk above 1.6990; targeting 1.6900-1.6810 and 1.6760-1.6660. Buy above 1.6810-1.6750 with risk above 1.6700; targeting 1.6990-1.7040.


USD/JPY on Tuesday intra-day low of JPY101.49/USD and made an intraday high of JPY 102.18/USD and settled the day 0.450% down at JPY 101.67/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/2014/05/07/

Re: Ikon Markets Daily Forex Analysis (May)

May 8, 2014

Gold closed down on Wednesday and made its intraday high of US$1314.85/ounce before setting intraday low of US$1286.50/ounce. Gold went down by 0.133% at US$1289.50/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1298-1316 with risk hourly closing above 1316, targeting 1284-1278 and 1268; break above 1316 will call for 1324-1334. Buy above 1286-1280 strict stop loss below 1278 hourly closing; targeting 1300-1309 and 1316-1324. Breakage below 1278 will call for 1272-1268.


Silver closed down on Wednesday on made its intraday high of US$19.74/ounce after setting intraday low of US$19.29/ounce. Silver settled 1.430% down at US$19.29/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.45-19.90 with stop above 19.90; targeting 19.30-19.05 and 18.95-18.70; upside breakout of 19.90 will open the way to 20.05-20.35. Buyers can buy above 18.70-19.10 targeting 19.70 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Wednesday made an intra-day high of US$100.95/bbl and made an intraday low of US$99.76/bbl and settled up by 1.001% at US$100.81/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 100.90-101.90 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.10 will lead to 102.60-103.90.


EUR/USD on Wednesday made an intra-day low of US$1.3909/EUR and made an intraday high of US$1.3937/EUR and settled the day down by 0.122% at US$1.3909/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3970 targeting 1.3830-1.3750 and 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3970. Buy on dips in between 1.3890-1.3790 with risk below 1.3790, targeting 1.3830- 1.3910.


GBP/USD on Wednesday made an intra-day low of US$1.6950/GBP and made an intraday high of US$1.6985/GBP and settled the day up by 0.135% at US$1.6950/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6990 with risk above 1.6990; targeting 1.6900-1.6810 and 1.6760-1.6660. Buy above 1.6810-1.6750 with risk above 1.6700; targeting 1.6990-1.7040.


USD/JPY
on Wednesday intra-day low of JPY101.42/USD and made an intraday high of JPY 101.99/USD and settled the day 0.216% up at JPY 101.89/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/2014/05/08/

Re: Ikon Markets Daily Forex Analysis (May)

May 9, 2014

Gold closed down on Thursday and made its intraday high of US$1295.04/ounce before setting intraday low of US$1284.65/ounce. Gold went down by 0.009% at US$1289.10/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1296-1316 with risk hourly closing above 1316, targeting 1284-1278 and 1268; break above 1316 will call for 1324-1334. Buy above 1286-1280 strict stop loss below 1278 hourly closing; targeting 1300-1309 and 1316-1324. Breakage below 1278 will call for 1272-1268.


Silver closed down on Thursday on made its intraday high of US$19.38/ounce after setting intraday low of US$19.11/ounce. Silver settled 0.673% down at US$19.17/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.45-19.90 with stop above 19.90; targeting 19.30-19.05 and 18.95-18.70; upside breakout of 19.90 will open the way to 20.05-20.35. Buyers can buy above 18.70-19.10 targeting 19.70 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Thursday made an intra-day high of US$100.90/bbl and made an intraday low of US$99.85/bbl and settled down by 0.585% at US$100.24/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 100.90-101.90 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.10 will lead to 102.60-103.90.


EUR/USD on Thursday made an intra-day low of US$1.3832/EUR and made an intraday high of US$1.3992/EUR and settled the day down by 0.510% at US$1.3838/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3905-1.3990 targeting 1.3810-1.3740 and 1.3670-1.3550 with stop-loss at 4-hour closing above 1.4000. Buy on dips in between 1.3810-1.3740 with risk below 1.3790, targeting 1.3830-1.3910.


GBP/USD
on Thursday made an intra-day low of US$1.6922/GBP and made an intraday high of US$1.6973/GBP and settled the day down by 0.117% at US$1.6931/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6990 with risk above 1.6990; targeting 1.6900-1.6810 and 1.6760-1.6660. Buy above 1.6810-1.6750 with risk above 1.6700; targeting 1.6990-1.7040.


USD/JPY
on Thursday intra-day low of JPY101.45/USD and made an intraday high of JPY 101.64/USD and settled the day 0.245% up at JPY 101.64/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/2014/05/09/

Re: Ikon Markets Daily Forex Analysis (May)

May 12, 2014

Gold closed down on Friday and made its intraday high of US$1294.12/ounce before setting intraday low of US$1285.36/ounce. Gold went down by 0.073% at US$1288.41/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1296-1316 with risk hourly closing above 1316, targeting 1284-1278 and 1268; break above 1316 will call for 1324-1334. Buy above 1284-1276 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed down on Friday on made its intraday high of US$19.30/ounce after setting intraday low of US$19.04/ounce. Silver settled 0.208% down at US$19.15/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.45-19.90 with stop above 19.90; targeting 19.30-19.05 and 18.95-18.70; upside breakout of 19.90 will open the way to 20.05-20.35. Buyers can buy above 18.70-19.10 targeting 19.70 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Friday made an intra-day high of US$101.14/bbl and made an intraday low of US$99.71/bbl and settled down by 0.189% at US$100.04/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 100.90-101.90 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.10 will lead to 102.60-103.90.


EUR/USD on Friday made an intra-day low of US$1.3744/EUR and made an intraday high of US$1.3843/EUR and settled the day down by 0.585% at US$1.3757/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3810-1.3905 targeting 1.3740-1.3670 and 1.3550 with stop-loss at 4-hour closing above 1.4000. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Friday made an intra-day low of US$1.6831/GBP and made an intraday high of US$1.6937/GBP and settled the day down by 0.484% at US$1.6848/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6910-1.6990 with risk above 1.6990; targeting 1.6900-1.6810 and 1.6760-1.6660. Buy above 1.6810- 1.6750 with risk above 1.6700; targeting 1.6990-1.7040.


USD/JPY on Friday intra-day low of JPY101.53/USD and made an intraday high of JPY 101.85/USD and settled the day 0.206% up at JPY 101.85/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/2014/05/12/

Re: Ikon Markets Daily Forex Analysis (May)

May 13, 2014

Gold closed up on Monday and made its intraday high of US$1303.63/ounce before setting intraday low of US$1277.46/ounce. Gold went up by 0.450% at US$1295.31/ ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 1296-1316 with risk hourly closing above 1316, targeting 1284-1278 and 1268; break above 1316 will call for 1324-1334. Buy above 1284-1276 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed up on Friday on made its intraday high of US$19.65/ounce after setting intraday low of US$19.04/ounce. Silver settled 1.933% up at US$19.51/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength at 19.50-19.90 with stop above 19.90; targeting 19.30-19.05 and 18.95-18.70; upside breakout of 19.90 will open the way to 20.05-20.35. Buyers can buy above 18.70-19.10 targeting 19.70 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Monday made an intra-day high of US$101.14/bbl and made an intraday low of US$99.71/bbl and settled down by 0.529% at US$100.58/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength 100.90-101.90 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.10 will lead to 102.60-103.90.


EUR/USD on Monday made an intra-day low of US$1.3748/EUR and made an intraday high of US$1.3774/EUR and settled the day up by 0.036% at US$1.3756/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength 1.3810-1.3905 targeting 1.3740-1.3670 and 1.3550 with stop-loss at 4-hour closing above 1.4000. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Monday made an intra-day low of US$1.6840/GBP and made an intraday high of US$1.6902/GBP and settled the day down by 0.148% at US$1.6866/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; sell below 1.6910-1.6990 with risk above 1.6990; targeting 1.6900-1.6810 and 1.6760-1.6660. Buy above 1.6810- 1.6750 with risk above 1.6700; targeting 1.6990-1.7040.


USD/JPY on Monday intra-day low of JPY101.78/USD and made an intraday high of JPY 102.17/USD and settled the day 0.294% up at JPY 102.11/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; 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/2014/05/13/

Re: Ikon Markets Daily Forex Analysis (May)

May 14, 2014

Gold closed down on Tuesday and made its intraday high of US$1298.55/ounce before setting intraday low of US$1288.93/ounce. Gold went down by 0.176% at US$1293.29/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1298-1316 with risk hourly closing above 1316, targeting 1284-1278 and 1268; break above 1316 will call for 1324-1334. Buy above 1284-1276 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed up on Tuesday on made its intraday high of US$19.60/ounce after setting intraday low of US$19.33/ounce. Silver settled 0.102% up at US$19.50/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.50-19.90 with stop above 19.90; targeting 19.30-19.05 and 18.95-18.70; upside breakout of 19.90 will open the way to 20.05-20.35. Buyers can buy above 18.70-19.10 targeting 19.70 and 19.90-20.15 with risk below 18.60 hourly closing.


Crude futures (June 2014) on Tuesday made an intra-day high of US$102.00/bbl and made an intraday low of US$100.35/bbl and settled down by 1.311% at US$101.93/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 101.90-102.40 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.40 will lead to 102.80-103.90.


EUR/USD on Tuesday made an intra-day low of US$1.3702/EUR and made an intraday high of US$1.3770/EUR and settled the day up by 0.392% at US$1.3702/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3750-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Tuesday made an intra-day low of US$1.6817/GBP and made an intraday high of US$1.6881/GBP and settled the day up by 0.238% at US$1.6823/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; buy above 1.6810-1.6750 with risk above 1.6700; targeting 1.6990-1.7040. Sell below 1.6910-1.6990 with risk above 1.6990; targeting 1.6900-1.6810 and 1.6760-1.6660.


USD/JPY on Tuesday intra-day low of JPY102.05/USD and made an intraday high of JPY 102.24/USD and settled the day 0.127% up at JPY 102.24/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/2014/05/14/

Re: Ikon Markets Daily Forex Analysis (May)

May 15, 2014

Gold closed up on Wednesday and made its intraday high of US$1308.78/ounce before setting intraday low of US$1291.41/ounce. Gold went up by 0.932% at US$1305.59/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1309-1316 with risk hourly closing above 1316, targeting 1301-1290 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1290-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1277 will call for 1272-1268.


Silver closed up on Wednesday on made its intraday high of US$19.97/ounce after setting intraday low of US$19.48/ounce. Silver settled 1.178% up at US$19.75/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.90-20.35 with stop above 20.40; targeting 19.60-19.30 and 19.05-18.95; upside breakout of 20.40 will open the way to 20.90. Buyers can buy above 18.95-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Wednesday made an intra-day high of US$102.63/bbl and made an intraday low of US$101.81/bbl and settled up by 1.57% at US$102.04/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 102.40 with target of 99.40- 98.80 and 98.20-97.40; upside breakage of 102.40 will lead to 102.80-103.90.


EUR/USD on Wednesday made an intra-day low of US$1.3697/EUR and made an intraday high of US$1.3729/EUR and settled the day up by 0.080% at US$1.3713/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Wednesday made an intra-day low of US$1.6752/GBP and made an intraday high of US$1.6752/GBP and settled the day down by 0.344% at US$1.6752/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6810-1.6910 with risk above 1.6910; targeting 1.6760-1.6660. Buy above 1.6750-1.6640 with risk above 1.6640; targeting 1.6990-1.7040.


USD/JPY on Wednesday intra-day low of JPY101.71/USD and made an intraday high of JPY 102.27/USD and settled the day 0.361% up at JPY 101.87/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/2014/05/15/

Re: Ikon Markets Daily Forex Analysis (May)

May 16, 2014

Gold closed down on Thursday and made its intraday high of US$1307.09/ounce before setting intraday low of US$1290.79/ounce. Gold went down by 0.081% at US$1297.10/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1301-1316 with risk hourly closing above 1316, targeting 1290 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1290-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1277 will call for 1272-1268.


Silver closed down on Thursday on made its intraday high of US$19.39/ounce after setting intraday low of US$19.82/ounce. Silver settled 0.0025% down at US$19.49/ ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.70-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Thursday made an intra-day high of US$102.29/bbl and made an intraday low of US$101.30/bbl and settled up by 0.003% at US$101.50/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.90-102.60 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.60 will lead to 102.90- 103.90.


EUR/USD on Thursday made an intra-day low of US$1.3640/EUR and made an intraday high of US$1.3730/EUR and settled the day down by 0.036% at US$1.3716/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Thursday made an intra-day low of US$1.6730/GBP and made an intraday high of US$1.6804/GBP and settled the day up by 0.131% at US$1.6787/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6810-1.6910 with risk above 1.6910; targeting 1.6760-1.6660. Buy above 1.6750-1.6640 with risk above 1.6640; targeting 1.6990-1.7040.


USD/JPY on Thursday intra-day low of JPY101.30/USD and made an intraday high of JPY 102.10/USD and settled the day 0.314% up at JPY 101.56/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/2014/05/16/

Re: Ikon Markets Daily Forex Analysis (May)

May 19, 2014

Gold closed down on Friday and made its intraday high of US$1298.08/ounce before setting intraday low of US$1287.63/ounce. Gold went down by 0.228% at US$1293.22/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1298-1316 with risk hourly closing above 1316, targeting 1290 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1290-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1277 will call for 1272-1268.


Silver closed down on Friday on made its intraday high of US$19.52/ounce after setting intraday low of US$19.25/ounce. Silver settled 0.717% down at US$19.36/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.70-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Friday made an intra-day high of US$102.21/bbl and made an intraday low of US$101.38/bbl and settled up by 0.541% at US$102.10/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.90-102.60 with target of 99.40-98.80 and 98.20-97.40; upside breakage of 102.60 will lead to 102.90- 103.90.


EUR/USD
on Friday made an intra-day low of US$1.3684/EUR and made an intraday high of US$1.3726/EUR and settled the day down by 0.109% at US$1.3693/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD
on Friday made an intra-day low of US$1.6782/GBP and made an intraday high of US$1.6839/GBP and settled the day up by 0.148% at US$1.6812/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6810-1.6910 with risk above 1.6910; targeting 1.6760-1.6660. Buy above 1.6750-1.6640 with risk above 1.6640; targeting 1.6990-1.7040.


USD/JPY
on Friday intra-day low of JPY101.35/USD and made an intraday high of JPY 101.66/USD and settled the day 0.050% down at JPY 101.50/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/2014/05/19/

Re: Ikon Markets Daily Forex Analysis (May)

May 21, 2014

Gold closed up on Tuesday and made its intraday high of US$1296.70/ounce before setting intraday low of US$1285.81/ounce. Gold went down by 0.096% at US$1294.03/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed up on Tuesday made its intraday high of US$19.43/ounce after setting intraday low of US$19.23/ounce. Silver settled 0.413% up at US$19.41/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.55-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Tuesday made an intra-day high of US$103.06/bbl and made an intraday low of US$101.95/bbl and settled up by 0.470% at US$102.59/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.00 with target of 102.20-101.70 and 1001.20-100.40; upside breakage of 103.10 will lead to 103.90- 104.40.


EUR/USD on Tuesday made an intra-day low of US$1.3677/EUR and made an intraday high of US$1.3712/EUR and settled the day down by 0.051% at US$1.3700/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Tuesday made an intra-day low of US$1.6801/GBP and made an intraday high of US$1.6863/GBP and settled the day up by 0.154% at US$1.6837/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6770-1.6640 with risk above 1.6640; targeting 1.6990-1.7040. Sell below 1.6910 with risk above 1.6910; targeting 1.6760-1.6660.


USD/JPY on Tuesday intra-day low of JPY101.18/USD and made an intraday high of JPY 101.59/USD and settled the day 0.157% down at JPY 101.34/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 101.20-102.30, targeting 101.50-100.00 and 100.70 with stop above 102.50. Buy on dips at 100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60-103.00.


http://www.ikonmarkets.com/daily-reports/2014/05/21/

Re: Ikon Markets Daily Forex Analysis (May)

May 22, 2014

Gold closed down on Wednesday and made its intraday high of US$1296.02/ounce before setting intraday low of US$1282.99/ounce. Gold went down by 0.160% at US$1291.70/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed up on Wednesday made its intraday high of US$19.48/ounce after setting intraday low of US$19.27/ounce. Silver settled 0.051% up at US$19.40/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.55-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Wednesday made an intra‐day high of US$104.26/bbl and made an intraday low of US$102.76/bbl and settled up by 0.884% at US$103.83/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 104.30-105.00 with target of 103.40-102.60 and 102.20-101.70; upside breakage of 105.00 will lead to 105.20-106.00. Buy above 103.50-102.60 with risk below 102.60 hourly closing, targeting 104.30-105.00.


EUR/USD on Wednesday made an intra‐day low of US$1.3633/EUR and made an intraday high of US$1.3722/EUR and settled the day down by 0.109% at US$1.3685/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.


GBP/USD on Wednesday made an intra‐day low of US$1.6830/GBP and made an intraday high of US$1.6919/GBP and settled the day up by 0.356% at US$1.6897/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6790-1.6680 with risk above 1.6670; targeting 1.6910-1.6990. Sell below 1.6910 with risk above 1.6910; targeting 1.6790-1.6670.


USD/JPY on Wednesday intra‐day low of JPY100.81/USD and made an intraday high of JPY 101.61/USD and settled the day 0.0395% up at JPY 101.35/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 101.20-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60-103.00. Sell below 101.90-102.50, targeting 101.50-100.00 and 100.70 with stop above 102.50.


http://www.ikonmarkets.com/daily-reports/2014/05/22/

Re: Ikon Markets Daily Forex Analysis (May)

May 26, 2014

Gold closed down on Friday and made its intraday high of US$1295.34/ounce before setting intraday low of US$1286.56/ounce. Gold went down by 0.119% at US$1292.33/ounce
Trading Strategy: Neutral
Based on the today’s market, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed down on Friday made its intraday high of US$19.52/ounce after setting intraday low of US$19.29/ounce. Silver settled 0.205% down at US$19.43/ounce.
Trading Strategy: Neutral
Based on the today’s market, sell on strength at 19.55-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Friday made an intra‐day high of US$104.48/bbl and made an intraday low of US$103.61/bbl and settled up by 0.646% at US$104.36/bbl on session close
Trading Strategy: Neutral
Based on the today’s market, sell below 104.30-105.00 with target of 103.40-102.60 and 102.20-101.70; upside breakage of 105.00 will lead to 105.20-106.00. Buy above 103.50-102.60 with risk below 102.60 hourly closing, targeting 104.30-105.00.


EUR/USD
on Friday made an intra‐day low of US$1.3614/EUR and made an intraday high of US$1.3658/EUR and settled the day down by 0.175% at US$1.3630/EUR on session close.
Trading Strategy: Neutral
Based on the today’s market, sell on strength 1.3690-1.3790 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3610-1.3505 with risk below 1.3610, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Friday made an intra‐day low of US$1.6811/GBP and made an intraday high of US$1.6874/GBP and settled the day down by 0.213% at US$1.6830/GBP on session close
Trading Strategy: Neutral
Based on the today’s market; Buy on dips at 1.6790-1.6680 with risk above 1.6670; targeting 1.6910-1.6990. Sell below 1.6910 with risk above 1.6910; targeting 1.6790-1.6670.


USD/JPY on Friday intra‐day low of JPY101.58/USD and made an intraday high of JPY 101.99/USD and settled the day 0.235% up at JPY 101.96/USD on session close.
Trading Strategy: Neutral
Based on the today’s market; Buy on dips at 101.20-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60-103.00. Sell below 101.90-102.50, targeting 101.50-100.00 and 100.70 with stop above 102.50.


http://www.ikonmarkets.com/daily-reports/2014/05/26/

Re: Ikon Markets Daily Forex Analysis (May)

May 27, 2014

Gold closed up on Monday and made its intraday high of US$1295.13/ounce before setting intraday low of US$1290.57/ounce. Gold went up by 0.153% at US$1294.30/ ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed up on Monday made its intraday high of US$19.47/ounce after setting intraday low of US$19.36/ounce. Silver settled 0.051% down at US$19.42/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength at 19.55-20.05 with stop above 20.15; targeting 19.30-19.05 and 18.90-18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.90-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.


Crude futures (June 2014) on Monday made an intra-day high of US$104.30/bbl and made an intraday low of US$103.91/bbl and settled down by 0.115% at US$104.17/ bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 104.50-105.00 with target of 103.40-102.60 and 102.20-101.70; upside breakage of 105.00 will lead to 105.20- 106.00. Buy above 103.50-102.60 with risk below 102.60 hourly closing, targeting 104.30-105.00.


EUR/USD on Monday made an intra-day low of US$1.3612/EUR and made an intraday high of US$1.3653/EUR and settled the day up by 0.168% at US$1.3644/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength 1.3690-1.3790 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3630-1.3505 with risk below 1.3500, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Monday made an intra-day low of US$1.6821/GBP and made an intraday high of US$1.6851/GBP and settled the day up by 0.041% at US$1.6840/ GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; Buy on dips at 1.6790-1.6680 with risk above 1.6670; targeting 1.6910-1.6990. Sell below 1.6910 with risk above 1.6910; targeting 1.6790-1.6670.


USD/JPY on Monday intra-day low of JPY101.83/USD and made an intraday high of JPY 101.92/USD and settled the day 0.009% up at JPY 101.92/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; Buy on dips at 101.80-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60- 103.00. Sell below 102.30-103.20, targeting 101.50-100.00 and 100.70 with stop above 103.20


http://www.ikonmarkets.com/daily-reports/2014/05/27/

Re: Ikon Markets Daily Forex Analysis (May)

May 28, 2014

Gold closed down on Thursday and made its intraday high of US$1293.12/ounce before setting intraday low of US$1264.17/ounce. Gold went down by 2.14% at US$1264.40/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1296-1309 with risk hourly closing above 1311, targeting 1290-1285 and 1278-1268; break above 1311 will call for 1316-1324 and 1334. Buy above 1286-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1276 will call for 1272-1268.


Silver closed down on Tuesday made its intraday high of US$19.43/ounce after setting intraday low of US$19.02/ounce. Silver settled 1.853% down at US$19.06/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.40-19.85 with stop above 20.15; targeting 19.05-18.90 and 18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.70-19.05 targeting 19.90- 20.15 with risk below 18.65 hourly closing.


Crude futures (June 2014) on Tuesday made an intra-day high of US$104.48/bbl and made an intraday low of US$103.55/bbl and settled down by 0.095% at US$104.14/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 104.50-105.00 with target of 103.40-102.60 and 102.20-101.70; upside breakage of 105.00 will lead to 105.20- 106.00. Buy above 103.50-102.60 with risk below 102.60 hourly closing, targeting 104.30-105.00.


EUR/USD on Tuesday made an intra-day low of US$1.3611/EUR and made an intraday high of US$1.3667/EUR and settled the day up by 0.0879% at US$1.3632/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3690-1.3790 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3600-1.3505 with risk below 1.3500, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD
on Tuesday made an intra-day low of US$1.6781/GBP and made an intraday high of US$1.6881/GBP and settled the day down by 0.195% at US$1.6807/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6790-1.6680 with risk above 1.6670; targeting 1.6910-1.6990. Sell below 1.6910 with risk above 1.6910; targeting 1.6790-1.6670.


USD/JPY on Tuesday intra-day low of JPY101.71/USD and made an intraday high of JPY 102.13/USD and settled the day 0.039% up at JPY 101.96/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 101.80-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60- 103.00. Sell below 102.30-103.20, targeting 101.50-100.00 and 100.70 with stop above 103.20


http://www.ikonmarkets.com/daily-reports/2014/05/28/

Re: Ikon Markets Daily Forex Analysis (May)

May 29, 2014

Gold closed down on Wednesday and made its intraday high of US$1257.69/ounce before setting intraday low of US$1255.80/ounce. Gold went down by 0.496% at US$1257.69/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1264-1279 with risk hourly closing above 1286, targeting 1254-1243; break above 1286 will call for 1294-1304. Buy above 1254-1243 strict stop loss below 1243 hourly closing; targeting 1268- 1274 and 1284-1294. Breakage below 1243 will call for 1232.


Silver closed down on Wednesday made its intraday high of US$19.16/ounce after setting intraday low of US$18.97/ounce. Silver settled 0.262% down at US$19.02/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.40-19.85 with stop above 20.15; targeting 19.05-18.90 and 18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.70-19.00 targeting 19.90- 20.15 with risk below 18.65 hourly closing.


Crude futures (June 2014) on Wednesday made an intra-day high of US$104.38/ bbl and made an intraday low of US$102.63/bbl and settled down by 1.018% at US$103.04/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.50-104.50 with target of 102.70 and 102.20-101.70; upside breakage of 104.60 will lead to 105.20-106.00. Buy above 102.60-102.20 with risk below 102.20 hourly closing, targeting 103.50- 104.30 and 105.00.


EUR/USD on Wednesday made an intra-day low of US$1.3589/EUR and made an intraday high of US$1.3636/EUR and settled the day down by 0.0315% at US$1.3589/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3640-1.3740 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3790. Buy on dips in between 1.3600-1.3505 with risk below 1.3500, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Wednesday made an intra-day low of US$1.6696/GBP and made an intraday high of US$1.6814/GBP and settled the day down by 0.589% at US$1.6708/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6650-1.6720 with risk above 1.6650; targeting 1.6760-16810. Sell below 1.6790-1.6860 with risk above 1.6860; targeting 1.6700-1.6650.


USD/JPY
on Wednesday intra-day low of JPY101.62/USD and made an intraday high of JPY 102.02/USD and settled the day 0.127% down at JPY 101.83/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 101.50-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60- 103.00. Sell below 102.30-103.20, targeting 101.50-100.00 and 100.70 with stop above 103.20


http://www.ikonmarkets.com/daily-reports/2014/05/29/

Re: Ikon Markets Daily Forex Analysis (May)

May 30, 2014

Gold closed down on Thursday and made its intraday high of US$1260.18/ounce before setting intraday low of US$1251.34/ounce. Gold went down by 0.233% at US$1255.24/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1264-1279 with risk hourly closing above 1286, targeting 1254-1243; break above 1286 will call for 1294-1304. Buy above 1254-1243 strict stop loss below 1243 hourly closing; targeting 1268- 1274 and 1284-1294. Breakage below 1243 will call for 1232.


Silver closed down on Thursday made its intraday high of US$19.08/ounce after setting intraday low of US$18.78/ounce. Silver settled 0.052% down at US$19.02/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.40-19.85 with stop above 20.15; targeting 19.05-18.90 and 18.65; upside breakout of 20.15 will open the way to 20.45-20.90. Buyers can buy above 18.70-19.00 targeting 19.90- 20.15 with risk below 18.65 hourly closing.


Crude futures (June 2014) on Thursday made an intra-day high of US$103.92/bbl and made an intraday low of US$102.60/bbl and settled down by 0.456% at US$103.48/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.50-104.50 with target of 102.70 and 102.20-101.70; upside breakage of 104.60 will lead to 105.20-106.00. Buy above 102.60-102.20 with risk below 102.20 hourly closing, targeting 103.50- 104.30 and 105.00.


EUR/USD on Thursday made an intra-day low of US$1.3585/EUR and made an intraday high of US$1.3624/EUR and settled the day up by 0.089% at US$1.3600/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3640-1.3740 targeting 1.3610-1.3550 with stop-loss at 4-hour closing above 1.3790. Buy on dips in between 1.3600-1.3505 with risk below 1.3500, targeting 1.3690-1.3740 and 1.3810-1.3910.


GBP/USD on Thursday made an intra-day low of US$1.6691/GBP and made an intraday high of US$1.6739/GBP and settled the day down by 0.0359% at US$1.6715/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 1.6650-1.6720 with risk above 1.6650; targeting 1.6760-16810. Sell below 1.6790-1.6860 with risk above 1.6860; targeting 1.6700-1.6650.


USD/JPY
on Thursday intra-day low of JPY101.42/USD and made an intraday high of JPY 101.85/USD and settled the day 0.058% down at JPY 101.77/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips at 101.50-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60- 103.00. Sell below 102.30-103.20, targeting 101.50-100.00 and 100.70 with stop above 103.20


http://www.ikonmarkets.com/daily-reports/2014/05/30/

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