Ikon Markets Daily Forex Analysis
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  1. #1
    Join Date
    Nov 2012
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    Default Ikon Markets Daily Forex Analysis

    April 29, 2013

    Gold (spot) closed down on Friday made its intraday high of US$1,485.50/ounce after setting intraday low of US$1,448.43/ounce. Gold went down 0.41% at US$1,461.92/ounce.
    Trading Strategy: Neutral
    Sell at strength at 1474-1486; targeting 1464-1458 and 1454-1446, upside breakage of 1489 will lead to 1500-1525. Buy on dips at 1452-1462 with strict stop loss below 1448 1-hourly closing; targeting 1474-1480 and 1487-1494.


    Silver (spot) closed down on Friday made its intraday high of US$24.86/ ounce before setting intraday low of US$23.66/ounce. Silver settled 1.61% down at US$24.00/ounce.
    Trading Strategy: Neutral
    Short positions at 24.25-24.80 with stop above 25.00; targeting 23.90-23.65 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 23.55-23.95 with risk below 23.20 hourly closing, targeting 24.25-24.55 and 24.90-25.10.


    Crude futures (May 2013) on Friday made an intra‐day high of US$93.58/bbl and made an intraday low of US$92.06/bbl and settled down by 0.68% at US$93.00/bbl on session close.
    Trading Strategy: Neutral
    Based on today’s market, Sell below 93.90 / Buy above 93.90.


    EUR/USD on Friday made an intra‐day low of US$ 1.2989/EUR and made an intraday high of US$1.3046/EUR and settled the day 0.138% up at US$1.3027/EUR on session close.
    Trading Strategy: Neutral
    Based on today’s market, buying the pair above 1.2980-1.2950 targeting 1.3040-1.3090 and 1.3140-1.3170 and stop-loss with four-hour closing below 1.2930.


    GBP/USD
    on Friday made an intra‐day low of US$1.5417/GBP and made an intraday high of US$1.5497/GBP and settled the day up by 0.246% at US$1.5470/GBP on session close.
    Trading Strategy: Neutral
    Based on today’s market, our opinion is buying the pair above 1.5385-1.5410 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5310. Sell in below 1.5590; targeting 1.5510-1.5450 and 1.5385-1.5310.


    USD/JPY on Friday an intra‐day low of JPY97.54/USD and made an intraday high of JPY 99.40/USD and settled the day 1.229% down at JPY98.02/USD on session close.
    Trading Strategy: Neutral
    Based on today’s market, Selling the pair below 98.50-99.10 targeting 97.60-97.10 and 96.70-96.10 stop-loss with four-hour closing above 100.

  2. #2
    Join Date
    Nov 2012
    Posts
    2
    April 30, 2013

    Gold (spot) closed up on Monday made its intraday high of US$1,478.12/ounce after setting intraday low of US$1,458.25/ounce. Gold went up by 0.95% at US$1,475.84/ounce.
    Trading Strategy: Neutral
    Spot gold remains neutral in a range of 1,448-1,485 per ounce; a rise above 1,485 will confirm the continuation of the uptrend towards a target at 1,504, and downside below 1448 will lead to gold toward 1420-1380. Sell at strength at 1474-1486; targeting 1464-1458 and 1454-1446, upside breakage of 1489 will lead to 1500-1525. Buy on dips at 1452-1462 with strict stop loss below 1448 1-hourly closing; targeting 1474-1480 and 1487-1494.


    Silver (spot) closed up on Monday made its intraday high of US$24.60/ ounce before setting intraday low of US$23.97/ounce. Silver settled 2.32% down at US$24.56/ounce.
    Trading Strategy: Neutral
    Short positions at 24.25-24.80 with stop above 25.00; targeting 23.90-23.65 and 23.30, upside breakout of 24.90 will open the way to 25.10-25.90. Buyers can buy in 23.55-23.95 with risk below 23.20 hourly closing, targeting 24.25-24.55 and 24.90-25.10.


    Crude futures (May 2013) on Monday made an intra‐day high of US$94.69/bbl and made an intraday low of US$92.43/bbl and settled down by 1.61% at US$94.50/bbl on session close.
    Trading Strategy: Neutral
    Based on today’s market, Sell below 93.90 / Buy above 93.90.


    EUR/USD on Monday made an intra‐day low of US$ 1.3030/EUR and made an intraday high of US$1.3158/EUR and settled the day 0.375% up at US$1.3096/EUR on session close.
    Trading Strategy: Neutral
    Based on today’s market, buying the pair above 1.2980-1.2950 targeting 1.3040-1.3090 and 1.3140-1.3170 and stop-loss with four-hour closing below 1.2930.


    GBP/USD on Monday made an intra‐day low of US$1.5473/GBP and made an intraday high of US$1.5545/GBP and settled the day up by 0.096% at US$1.5498/GBP on session close.
    Trading Strategy: Neutral
    Based on today’s market, our opinion is selling the pair in below 1.5590; targeting 1.5510-1.5450 and 1.5385-1.5310. Buying can be done 1.5385-1.5410 targeting 1.5540 and 1.5590; stop-loss with four-hour closing below 1.5300.


    USD/JPY on Monday an intra‐day low of JPY97.34/USD and made an intraday high of JPY 98.14/USD and settled the day 0.204% down at JPY97.73/USD on session close.
    Trading Strategy: Neutral
    Based on today’s market, it might trade in the range of 97.30-98.30. An upward penetration 98.30 might call for 99.00, while a downside breakage of 97.30 might call for 96.70. Selling can be done below 98.50-99.10 targeting 97.60-97.10 and 96.70-96.10 stop-loss with four-hour closing above 100.

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