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Topic: Daily Market News By Capital Trust Markets

21 July 2014

Gold closed down on Friday and made its intraday high of US$1324.37/ounce before setting intraday low of US$1304.35/ounce. Gold went down by 0.527% at US$1310.68/ounce.
Trading Strategy: Neutral
Sell and sell on strength between 1318-1332 keeping stop loss above 1332 and targeting it 1311-1304 and 1294-1286. Buy above 1294-1304 with strict stop loss below 1290 hourly closing; targeting 1324 and 1332-1342.


Silver closed down on Friday made its intraday high of US$21.23/ounce after setting intraday low of US$20.72/ounce. Silver settled down by 1.184% at US$20.86/ounce.
Trading Strategy: Neutral
Based on the charts and explanations above, sell on strength at 21.10-21.40 with stop above 21.50; targeting 20.70-20.55 and 20.25; upside breakout of 21.50 will open the way to 22.00-22.20. Buy above 20.45-20.70 targeting 21.10-21.60 and with risk below 20.25 hourly closing.


Crude futures (August 2014) on Friday made an intra‐day high of US$103.91/bbl and made an intraday low of US$102.57/bbl and settled down by 0.732% at US$102.93/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 103.90-105.00 with target of 100.90-100.50 and 99.50-98.70; upside breakage of 105.00 will lead to 105.40-106.10. Buy above 102.25-102.70 with the risk below 101.55 hourly closing; targeting 103.90-104.40 and 105.00-106.00.


EUR/USD on Friday made an intra‐day low of US$1.3490/EUR and made an intraday high of US$1.3535/EUR and settled the day down by 0.014% at US$1.3523/EUR on session close.
Trading Strategy: Neutral to Buy
Based on the charts and explanations above; buy on dips in between 1.3505-1.3400 with risk below 1.3400, targeting 1.3590-1.3665 and 1.3700-1.3740. On the other hand, sell on strength 1.3590-1.3675 targeting 1.3500 with stop-loss at hour closing above 1.3680. Breakage above 1.3680 will call for 1.3705-1.3750.


GBP/USD
on Friday made an intra‐day low of US$1.7035/GBP and made an intraday high of US$1.7116/GBP and settled the day down by 0.0643% at US$1.7087/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above; sell below 1.7120-1.7210 with risk above 1.7230 targeting 1.7045-1.7005. Buy on dips at 1.7070-1.7010 with risk above 1.7000; targeting 1.7150-1.7210 and 1.7280.


USD/JPY on Friday intra‐day low of JPY101.07/USD and made an intraday high of JPY 101.43/USD and settled the day 0.168% up at JPY 101.33/USD.
Trading Strategy: Neutral
Based on the charts and explanations above; buy on dips at 101.10-100.70, using a stop loss of below 100.60; targeting 101.30-101.90 and 102.60-103.00. Breakage below 100.60 will call for 100.40-99.50. Sell below 101.60-102.20, targeting 101.50-100.70 and 100.00 with stop above 102.60.


AUD/USD on Friday intra‐day low of USD$0.9335/AUD and made an intraday high of USD$0.9409/AUD and settled the day 0.417% down at USD$0.9389/AUD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 0.9405-0.9500 with stop loss above 0.9500; targeting 0.9385-0.9330. Long position can be taken above 0.9355, targets at 0.9400 and 0.9430. Stop loss below 0.9300.


USD/CAD
on Friday intra‐day low of CAD1.0707/USD and made an intraday high of CAD1.0766/USD and settled the day 0.269% down at CAD1.0731/USD.
Trading Strategy: Neutral
Based on the charts and explanations above, long position can be taken in between 1.0710-1.0650, targets at 1.0800-1.0850 with risk below 1.0600. Sell below 1.0810, targeting 1.0700-1.0650 and 1.0600.


NZD/USD closed up on Friday and made its intraday high of US$0.8694/NZD before setting intraday low of US$0.8648/NZD. NZD went up by 0.300% at US$0.2999/NZD.
Trading Strategy: Neutral
Based on the charts and explanations above; buy on dips in between 0.8650-0.8600 with stop loss below 0.8580, targeting 0.8710-0.8730. Sell below 0.8710-0.8800; targeting 0.8780-0.8700 with above 0.8840.


EUR/JPY closed up on Friday and made its intraday high of JPY137.28/EUR after setting intraday low of JPY136.69/EUR. EUR/JPY went up by 0.174% at JPY137.02/EUR.
Trading Strategy: Neutral to Sell
Based on the charts and explanations above, sell below 137.10-138.00; targeting 136.20-135.55 with stop above 138.55. Buy on dips at 136.20-135.00, using a stop loss of below 134.65; targeting 137.90-138.55 and 139.20.


GBP/JPY closed up on Friday and made its intraday high of JPY173.56/GBP before setting intraday low of JPY172.65/GBP. JPY went up by 0.092% at JPY172.97/GBP
Trading Strategy: Neutral to Buy on Dips
Based on the charts and explanations above, buy above 172.90-172.00 strict stop loss below 171.80 hourly closing; targeting 173.45-173.90 and 174.85-175.30. Breakage below 172.20 will call for 171.60.


EUR/AUD closed down on Friday and made its intraday high of AUD1.4482/EUR before setting intraday low of AUD1.4372/EUR. EUR/AUD went down by 0.477% at AUD1.4392/EUR.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 1.4480-1.4590; targeting 1.4480-1.4400 with risk above 1.4600. Buy above 1.4470-1.4400 strict stop loss below 1.4350 hourly closing; targeting 1.4520-1.4560 and 1.4605. Breakage below 1.4355 will call for 1.4150.


http://capitaltrustmarkets.com/report/2014/07/21/

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