[U]July 22, 2014[/U]
[B]Gold[/B] closed up on Monday and made its intraday high of US$1318.22/ounce before setting intraday low of US$1307.24/ounce. Gold went up by 0.108% at US$1312.10/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.
[B]Silver[/B] closed up on Monday made its intraday high of US$21.10/ounce after setting intraday low of US$20.80/ounce. Silver settled up by 0.239% at US$20.90/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.
[B]Crude[/B] futures (August 2014) on Monday made an intra‐day high of US$104.95/bbl and made an intraday low of US$102.64/bbl and settled up by 1.612% at US$104.58/bbl on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buy above 103.90-102.25 with the risk below 101.25 hourly closing; targeting 105.00-106.00. Sell below 105.00-106.10 with target of 103.90-103.10 and 102.30-101.50; upside breakage of 106.50 will lead to 107.30.
[B]EUR/USD[/B] on Monday made an intra‐day low of US$1.3512/EUR and made an intraday high of US$1.3548/EUR and settled the day down by 0.036% at US$1.3522/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.
[B]GBP/USD[/B] on Monday made an intra‐day low of US$1.7054/GBP and made an intraday high of US$1.7098/GBP and settled the day down by 0.0643% at US$1.7073/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.
[B]USD/JPY[/B] on Monday intra‐day low of JPY101.19/USD and made an intraday high of JPY 101.38/USD and settled the day 0.0690% up at JPY 101.38/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.
[B]AUD/USD[/B] on Monday intra‐day low of USD$0.9370/AUD and made an intraday high of USD$0.9399/AUD and settled the day 0.191% down at USD$0.9372/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.
[B]USD/CAD[/B] on Monday intra‐day low of CAD1.0725/USD and made an intraday high of CAD1.0751/USD and settled the day 0.055% up at CAD1.0736/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.
[B]NZD/USD[/B] closed down on Monday and made its intraday high of US$0.8719/NZD before setting intraday low of US$0.8684/NZD. NZD went down by 0.149% at US$0.8686/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.
[B]EUR/JPY [/B]closed up on Monday and made its intraday high of JPY137.14/EUR after setting intraday low of JPY136.87/EUR. EUR/JPY went up by 0.0291% at JPY137.10/EUR.
Trading Strategy: Neutral to Buy
Based on the charts and explanations above, Buy on dips at 136.80-136.00, using a stop loss of below 135.20; targeting 137.40-138.55. Sell below 137.40-138.00; targeting 136.20-135.55 with stop above 138.55.
[B]GBP/JPY [/B]closed up on Monday and made its intraday high of JPY173.23/GBP before setting intraday low of JPY172.78/GBP. JPY went up by 0.0005% at JPY173.11/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.
[B]EUR/AUD[/B] closed up on Monday and made its intraday high of AUD1.4428/EUR before setting intraday low of AUD1.4388/EUR. EUR/AUD went up by 0.173% at AUD1.4425/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.