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Ikon Markets Daily Forex Analysis (April)

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  • Ikon Markets Daily Forex Analysis (April)

    April 1, 2013

    Gold (spot) closed down on Friday made its intraday high of US$1,597.50/ounce after setting intraday low of US$1,596.50/ounce. Gold went down by 0.03% at US$1,596.65/ounce.

    Silver (spot) closed up on Friday made its intraday high of US$28.35/ ounce after setting intraday low of US$28.31/ounce. Silver settled 0.105% up at US$28.35/ounce.

    Crude futures (May 2013) on Friday made an intra‐day high of US$97.34/bbl and made an intraday low of US$96.25/bbl and settled up by 0.517% at US$97.13/bbl on session close.

    EUR/USD on Friday made an intra‐day low of US$ 1.2771/EUR and made an intraday high of US$1.2837/EUR and settled the day 0.031% up at US$1.2821/EUR on session close.

    GBP/USD on Friday made an intra‐day low of US$1.5177/GBP and made an intraday high of US$1.5220/GBP and settled the day down by 0.04% at US$1.5189/GBP on session close.

    USD/JPY on Friday an intra‐day low of JPY93.93/USD and made an intraday high of JPY 94.31/USD and settled the day 0.093% up at JPY94.23/USD on session close.

    http://ikonmarkets.com/daily-reports/2013/04/01/

  • #2
    April 2, 2013

    Gold (spot) closed down on Monday made its intraday high of US$1,603.94/ounce after setting intraday low of US$1,594.96/ounce. Gold went down by 0.13% at US$1,599.52/ounce.

    Silver (spot) closed down on Monday made its intraday high of US$28.38/ ounce after setting intraday low of US$27.89/ounce. Silver settled 1.01% down at US$28.04/ounce.

    Crude futures (May 2013) on Monday made an intra‐day high of US$97.80/bbl and made an intraday low of US$95.92/bbl and settled down by 0.16% at US$97.07/bbl on session close.

    EUR/USD on Monday made an intra‐day low of US$ 1.2771/EUR and made an intraday high of US$1.2867/EUR and settled the day 0.304% up at US$1.2847/EUR on session close.

    GBP/USD on Monday made an intra‐day low of US$1.5177/GBP and made an intraday high of US$1.5241/GBP and settled the day up by 0.236% at US$1.5229/GBP on session close.

    USD/JPY on Monday an intra‐day low of JPY93.16/USD and made an intraday high of JPY 94.38/USD and settled the day 1.11% down at JPY93.23/USD on session close.

    http://ikonmarkets.com/daily-reports/2013/04/02/

    Comment


    • #3
      April 3, 2013

      Gold (spot) closed down on Tuesday made its intraday high of US$1,604.00/ounce after setting intraday low of US$1,593.90/ounce. Gold went down by 1.48% at US$1,575.80/ounce.

      Silver (spot) closed down on Tuesday made its intraday high of US$28.19/ ounce after setting intraday low of US$27.20/ounce. Silver settled 2.68% down at US$27.29/ounce.

      Crude futures (May 2013) on Tuesday made an intra‐day high of US$97.44/bbl and made an intraday low of US$95.91/bbl and settled up by 0.12% at US$97.19/bbl on session close.

      EUR/USD on Tuesday made an intra‐day low of US$ 1.2808/EUR and made an intraday high of US$1.2877/EUR and settled the day 0.210% up at US$1.2821/EUR on session close.

      GBP/USD on Tuesday made an intra‐day low of US$1.5098/GBP and made an intraday high of US$1.5258/GBP and settled the day down by 0.827% at US$1.5102/GBP on session close.

      USD/JPY on Tuesday an intra‐day low of JPY92.56/USD and made an intraday high of JPY 93.56/USD and settled the day 0.214% down at JPY93.44/USD on session close.

      http://ikonmarkets.com/daily-reports/2013/04/03/

      Comment


      • #4
        April 4, 2013


        Gold (spot) closed down on Wednesday made its intraday high of US$1,577.20/ounce after setting intraday low of US$1,550.0/ounce. Gold went down by 1.14% at US$1,557.90/ounce.

        Silver (spot) closed down on Wednesday made its intraday high of US$27.35/ ounce before setting intraday low of US$26.73/ounce. Silver settled 0.99% down at US$26.99/ounce.

        Crude futures (May 2013) on Wednesday made an intra‐day high of US$96.93/bbl and made an intraday low of US$94.17/bbl and settled down by 2.53% at US$94.46/bbl on session close.

        EUR/USD on Wednesday made an intra‐day low of US$ 1.2789/EUR and made an intraday high of US$1.2864/EUR and settled the day 0.226% up at US$1.2849/EUR on session close.

        GBP/USD on Wednesday made an intra‐day low of US$1.5075/GBP and made an intraday high of US$1.5158/GBP and settled the day up by 0.165% at US$1.5128/GBP on session close.

        USD/JPY on Wednesday an intra‐day low of JPY92.71/USD and made an intraday high of JPY 93.69/USD and settled the day 0.417% down at JPY93.04/USD on session close.

        http://www.ikonmarkets.com/daily-reports/2013/04/04/

        Comment


        • #5
          April 5, 2013

          Gold (spot) closed down on Thursday made its intraday high of US$1,559.57/ounce after setting intraday low of US$1,539.95/ounce. Gold went down by 0.207% at US$1,554.59/ounce.

          Silver (spot) closed down on Thursday made its intraday high of US$27.06/ ounce before setting intraday low of US$26.63/ounce. Silver settled 0.11% down at US$26.93/ounce.

          Crude futures (May 2013) on Thursday made an intra‐day high of US$94.82/bbl and made an intraday low of US$92.13/bbl and settled down by 1.21% at US$93.34/bbl on session close.

          EUR/USD on Thursday made an intra‐day low of US$ 1.2744/EUR and made an intraday high of US$1.2948/EUR and settled the day 0.667% up at US$1.2933/EUR on session close.

          GBP/USD on Thursday made an intra‐day low of US$1.5032/GBP and made an intraday high of US$1.5244/GBP and settled the day up by 0.662% at US$1.5231/GBP on session close.

          USD/JPY on Thursday an intra‐day low of JPY92.71/USD and made an intraday high of JPY 93.69/USD and settled the day 0.417% down at JPY93.04/USD on session close.

          http://www.ikonmarkets.com/daily-reports/2013/04/05/

          Comment


          • #6
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            Best of luck and happy trading for the future!

            Comment


            • #7
              April 8, 2013

              Gold (spot) closed up on Friday made its intraday high of US$1,580.90/ounce after setting intraday low of US$1,539.95/ounce. Gold went up by 1.76% at US$1,580.60/ounce.

              Silver (spot) closed up on Friday made its intraday high of US$27.35/ ounce before setting intraday low of US$26.79/ounce. Silver settled 1.38% up at US$27.33/ounce.

              Crude
              futures (May 2013) on Friday made an intra‐day high of US$93.57/bbl and made an intraday low of US$91.90/bbl and settled down by 0.60% at US$92.70/bbl on session close.

              EUR/USD on Friday made an intra‐day low of US$ 1.2889/EUR and made an intraday high of US$1.3038/EUR and settled the day 0.409% up at US$1.2988/EUR on session close.

              GBP/USD on Friday made an intra‐day low of US$1.5192/GBP and made an intraday high of US$1.5362/GBP and settled the day up by 0.669% at US$1.5337/GBP on session close.

              USD/JPY on Friday an intra‐day low of JPY95.73/USD and made an intraday high of JPY 97.28/USD and settled the day 1.25% up at JPY97.53/USD on session close.

              http://www.ikonmarkets.com/daily-reports/2013/04/08/

              Comment


              • #8
                April 9, 2013

                Gold (spot) closed up on Monday made its intraday high of US$1,580.74/ounce after setting intraday low of US$1,567.19/ounce. Gold went down by 0.329% at US$1,571.97/ounce.

                Silver (spot) closed up on Monday made its intraday high of US$27.37/ ounce before setting intraday low of US$27.13/ounce. Silver settled 0.219% down at US$27.25/ounce.

                Crude futures (May 2013) on Monday made an intra‐day high of US$93.74/bbl and made an intraday low of US$92.46/bbl and settled up by 0.667% at US$93.47/bbl on session close.

                EUR/USD on Monday made an intra‐day low of US$ 1.2968/EUR and made an intraday high of US$1.3037/EUR and settled the day 0.3%up at US$1.3029/EUR on session close.

                GBP/USD on Monday made an intra‐day low of US$1.5238/GBP and made an intraday high of US$1.5350/GBP and settled the day down by 0.553% at US$1.5263/GBP on session close.

                USD/JPY on Monday an intra‐day low of JPY98.29/USD and made an intraday high of JPY 99.66/USD and settled the day 0.55% up at JPY99.32/USD on session close.

                http://www.ikonmarkets.com/daily-reports/2013/04/09/

                Comment


                • #9
                  April 10, 2013

                  Gold (spot) closed up on Tuesday made its intraday high of US$1,590.41/ounce after setting intraday low of US$1,570.45/ounce. Gold went up by 0.76% at US$1,585.35/ounce.

                  Silver (spot) closed up on Tuesday made its intraday high of US$28.08/ ounce before setting intraday low of US$27.21/ounce. Silver settled 2.49% up at US$27.99/ounce.

                  Crude futures (May 2013) on Tuesday made an intra‐day high of US$94.48/bbl and made an intraday low of US$92.86/bbl and settled up by 0.90% at US$94.20/bbl on session close.

                  EUR/USD on Tuesday made an intra‐day low of US$ 1.3004/EUR and made an intraday high of US$1.3102/EUR and settled the day 0.568% up at US$1.3081/EUR on session close.

                  GBP/USD on Tuesday made an intra‐day low of US$1.5249/GBP and made an intraday high of US$1.5340/GBP and settled the day up by 0.432% at US$1.5320/GBP on session close.

                  USD/JPY on Tuesday an intra‐day low of JPY98.57/USD and made an intraday high of JPY 99.65/USD and settled the day 0.332% down at JPY99.01/USD on session close.

                  http://www.ikonmarkets.com/daily-reports/2013/04/10/

                  Comment


                  • #10
                    April 12, 2013

                    Gold (spot) closed up on Thursday made its intraday high of US$1,568.15/ounce after setting intraday low of US$1,553.24/ounce. Gold went up by 0.103% at US$1,560.78/ounce.
                    Trading Strategy: Neutral
                    Buy on dips at 1553-1557 with strict stop loss below 1548 hourly closing; targeting 1567-1574 and 1584-1594. Sell at strength at 1567-1574; targeting 1561-1556 and 1553-1548, upside breakage of 1580 will lead to 1584-1591 and 1597-1603.


                    Silver (spot) closed up on Tuesday made its intraday high of US$28.08/ ounce before setting intraday low of US$27.21/ounce. Silver settled 2.49% up at US$27.99/ounce.
                    Trading Strategy: Neutral
                    SHORT positions at 27.80-28.10 with stop above 28.30; targeting 27.60-27.35 and 27.15-26.80, upside breakout of 28.30 will open the way to 28.50-28.90 and 29.05-29.35. Buyers can buy in 27.35-27.60 with risk below 27.20 hourly closing, targeting 28.15-28.35 and 28.70.


                    Crude futures (May 2013) on Thursday made an intra‐day high of US$94.64/bbl and made an intraday low of US$93.06/bbl and settled up by 1.19% at US$93.51/bbl on session close.
                    Trading Strategy: Neutral
                    Today, sell in above 93.70-94.50 with risk above 94.90 (4-hourly Closing); targeting 93.30-92.90 and 92.50-91.50.

                    EUR/USD on Thursday made an intra‐day low of US$ 1.3068/EUR and made an intraday high of US$1.3137/EUR and settled the day 0.229% up at US$1.3098/EUR on session close.
                    Trading Strategy: Neutral
                    Based on the charts and explanations above, buying the pair above 1.3040-1.2970 targeting 1.3110-1.3170 and then 1.3245 and stop-loss with four-hour closing below 1.2885.


                    GBP/USD on Thursday made an intra‐day low of US$1.5317/GBP and made an intraday high of US$1.5410/GBP and settled the day up by 0.345% at US$1.5383/GBP on session close.
                    Trading Strategy: Neutral
                    Based on the charts and explanations above, our opinion is buying the pair above 1.5240-1.5270 targeting 1.5500 and stop-loss with four-hour closing below 1.5180. Selling the pair below 1.5340 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415


                    USD/JPY on Thursday an intra‐day low of JPY99.10/USD and made an intraday high of JPY 99.93/USD and settled the day 0.09% down at JPY99.66/USD on session close.
                    Trading Strategy: Neutral
                    Based on the charts and explanations above, buying the pair above 98.40 targeting 98.90-99.50 then 100.30 and stop-loss with four-hour closing below 97.10. Sell Below 99.90 with stop above 100.10; targeting 99.50-98.50 breakage above 100.10 will lead to further upside towards 100.50-101.30.

                    http://www.ikonmarkets.com/daily-reports/2013/04/12/

                    Comment


                    • #11
                      April 15, 2013

                      Gold (spot) closed down on Friday made its intraday high of US$1,564.73/ounce after setting intraday low of US$1,482.06/ounce. Gold went down by 5.04% at US$1,482.06/ounce.
                      Trading Strategy: Neutral to Negative
                      Sell at strength at 1469-1484; targeting 1430-1400 and 1390-1375, upside breakage of 1490 will lead to 1505-1520 and 1530-1550. Buy on dips at 1424-1400 with strict stop loss below 1390 4-hourly closing; targeting 1460-1480 and 1490-1520.


                      Silver (spot) closed down on Friday made its intraday high of US$27.72/ ounce before setting intraday low of US$25.95/ounce. Silver settled 5.97% down at US$26.00/ounce.
                      Trading Strategy: Neutral to Negative
                      SHORT positions at 24.75-24.95 with stop above 25.40; targeting 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 24.20-23.90 with risk below 23.70 hourly closing, targeting 24.75-24.90 and 25.40-25.70.


                      Crude futures (May 2013) on Friday made an intra‐day high of US$93.53/bbl and made an intraday low of US$90.27/bbl and settled down by 2.37% at US$91.29/bbl on session close.
                      Trading Strategy: Neutral
                      Today, sell in above 90.40-91.20 with risk above 92.60 (4-hourly Closing); targeting 88.80-87.30.


                      EUR/USD on Friday made an intra‐day low of US$ 1.3098/EUR and made an intraday high of US$1.3126/EUR and settled the day 0.083% up at US$1.3109/EUR on session close.
                      Trading Strategy: Neutral
                      Based on the charts and explanations above, buying the pair above 1.3040-1.2970 targeting 1.3110-1.3170 and then 1.3245 and stop-loss with four-hour closing below 1.2885.


                      GBP/USD on Friday made an intra‐day low of US$1.5337/GBP and made an intraday high of US$1.5408/GBP and settled the day down by 0.292% at US$1.5338/GBP on session close.
                      Trading Strategy: Neutral
                      Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5500 and stop-loss with four-hour closing below 1.5180.


                      USD/JPY on Friday an intra‐day low of JPY98.08/USD and made an intraday high of JPY 99.79/USD and settled the day 1.282% down at JPY98.38/USD on session close.
                      Trading Strategy: Neutral
                      Based on the charts and explanations above, buying the pair above 98.40 targeting 98.90-99.50 then 100.30 and stop-loss with four-hour closing below 97.10. Sell Below 99.90 with stop above 100.10; targeting 99.50-98.50 breakage above 100.10 will lead to further upside towards 100.50-101.30.

                      http://www.ikonmarkets.com/daily-reports/2013/04/15/

                      Comment


                      • #12
                        April 16, 2013

                        Gold (spot) closed down on Monday made its intraday high of US$1,495.72/ounce before setting intraday low of US$1,336.17/ounce. Gold went down by 9.07% at US$1,348.21/ounce.
                        Trading Strategy: Neutral to Negative
                        Sell at strength at 1390-1430; targeting 1320-1300 and 1250-1200, upside breakage of 1435 will lead to 1460-1490 and 1505-1520. Buy on dips at 1320-1340 with strict stop loss below 1290 4-hourly closing; targeting 1380-1400 and 1420-1440.


                        Silver (spot) closed down on Monday made its intraday high of US$26.10/ ounce before setting intraday low of US$22.60/ounce. Silver settled 12.44% down at US$22.70/ounce.
                        Trading Strategy: Neutral to Negative
                        Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.

                        Crude futures (May 2013) on Monday made an intra‐day high of US$90.98/bbl and made an intraday low of US$87.20/bbl and settled down by 2.83% at US$90.98/bbl on session close.
                        Trading Strategy: Neutral
                        Today, sell in above 87.80-88.20 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.

                        EUR/USD on Monday made an intra‐day low of US$ 1.3020/EUR and made an intraday high of US$1.3113/EUR and settled the day 0.61% down at US$1.3033/EUR on session close.
                        Trading Strategy: Neutral
                        Based on the charts and explanations above, buying the pair above 1.3040-1.2970 targeting 1.3110-1.3170 and then 1.3245 and stop-loss with four-hour closing below 1.2885.


                        GBP/USD on Monday made an intra‐day low of US$1.5269/GBP and made an intraday high of US$1.5383/GBP and settled the day down by 0.371% at US$1.5282/GBP on session close.
                        Trading Strategy: Neutral
                        Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5500 and stop-loss with four-hour closing below 1.5180.


                        USD/JPY on Monday an intra‐day low of JPY96.73/USD and made an intraday high of JPY 98.70/USD and settled the day 1.486% down at JPY96.73/USD on session close.
                        Trading Strategy: Neutral
                        Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.


                        http://www.ikonmarkets.com/daily-reports/2013/04/16/

                        Comment


                        • #13
                          April 17, 2013

                          Gold (spot) closed up on Tuesday made its intraday high of US$1,403.48/ounce after setting intraday low of US$1,322.06/ounce. Gold went up by 1.42% at US$1,367.36/ounce.
                          Trading Strategy: Neutral to Negative
                          Sell at strength at 1390-1430; targeting 1365-1354 and 1342-1321, upside breakage of 1409 will lead to 1424-1435 and 1445-1454. Buy on dips at 1342-1364 with strict stop loss below 1320 1-hourly closing; targeting 1380-1400 and 1420-1440.


                          Silver (spot) closed down on Tuesday made its intraday high of US$23.95/ ounce after setting intraday low of US$22.07/ounce. Silver settled 2.79% down at US$23.40/ounce.
                          Trading Strategy: Neutral to Negative
                          Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.


                          Crude futures (May 2013) on Tuesday made an intra‐day high of US$88.96/bbl and made an intraday low of US$86.06/bbl and settled up by 0.01% at US$88.72/bbl on session close.
                          Trading Strategy: Neutral
                          Today, sell in above 87.80-88.20 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.


                          EUR/USD on Tuesday made an intra‐day low of US$ 1.3027/EUR and made an intraday high of US$1.3200/EUR and settled the day 1.089% up at US$1.3175/EUR on session close.
                          Trading Strategy: Neutral
                          Based on the charts and explanations above, buying the pair above 1.3060--1.3140 targeting 1.3170-1.3245 and stop-loss with four-hour closing below 1.2960.


                          GBP/USD on Tuesday made an intra‐day low of US$1.5271/GBP and made an intraday high of US$1.5378/GBP and settled the day up by 0.516% at US$1.5360/GBP on session close.
                          Trading Strategy: Neutral
                          Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5500 and stop-loss with four-hour closing below 1.5180.


                          USD/JPY on Tuesday an intra‐day low of JPY95.78/USD and made an intraday high of JPY 98.15/USD and settled the day 0.795% up at JPY97.51/USD on session close.
                          Trading Strategy: Neutral
                          Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.


                          http://www.ikonmarkets.com/daily-reports/2013/04/17/

                          Comment


                          • #14
                            April 18, 2013

                            Gold (spot) closed up on Wednesday made its intraday high of US$1,394.94/ounce after setting intraday low of US$1,375.97/ounce. Gold went down up 0.43% at US$1,375.97/ounce.
                            Trading Strategy: Neutral to Negative
                            Sell at strength at 1390-1405; targeting 1365-1354 and 1342-1321, upside breakage of 1409 will lead to 1424-1435 and 1445-1454. Buy on dips at 1342-1364 with strict stop loss below 1320 1-hourly closing; targeting 1380-1400 and 1420-1440.


                            Silver (spot) closed down on Wednesday made its intraday high of US$23.74/ ounce after setting intraday low of US$22.86/ounce. Silver settled 0.29% down at US$23.31/ounce.
                            Trading Strategy: Neutral to Negative
                            Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.


                            Crude futures (May 2013) on Wednesday made an intra‐day high of US$89.04/bbl and made an intraday low of US$86.06/bbl and settled down by 2.78% at US$86.35/bbl on session close.
                            Trading Strategy: Neutral
                            Today, sell in above 87.80-88.20 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.


                            EUR/USD on Wednesday made an intra‐day low of US$ 1.3000/EUR and made an intraday high of US$1.3199/EUR and settled the day 1.10% down at US$1.3029/EUR on session close.
                            Trading Strategy: Neutral
                            Based on the charts and explanations above, buying the pair above 1.3040-1.2980 targeting 1.3140 and 1.3170-1.3245 and stop-loss with four-hour closing below 1.2960.


                            GBP/USD on Wednesday made an intra‐day low of US$1.5215/GBP and made an intraday high of US$1.5371/GBP and settled the day down by 0.80% at US$1.5238/GBP on session close.
                            Trading Strategy: Neutral
                            Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5310-1.5450 and then 1.5500 and stop-loss with four-hour closing below 1.5180.


                            USD/JPY on Wednesday an intra‐day low of JPY95.205/USD and made an intraday high of JPY 98.423/USD and settled the day 0.606% up at JPY98.104/USD on session close.
                            Trading Strategy: Neutral
                            Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.


                            http://www.ikonmarkets.com/daily-reports/2013/04/18/

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                            • #15
                              April 19, 2013

                              Gold (spot) closed up on Thursday made its intraday high of US$1,401.95/ounce after setting intraday low of US$1,336.10/ounce. Gold went down up 0.99% at US$1,390.15/ounce.
                              Trading Strategy: Neutral to Negative
                              Sell at strength at 1420-1430; targeting 1365-1354 and 1342-1321, upside breakage of 1435 will lead to 1445-1454. Buy on dips at 1364-1374 with strict stop loss below 1340 1-hourly closing; targeting 1395-1405 and 1411-1424.


                              Silver (spot) closed down on Thursday made its intraday high of US$23.68/ ounce after setting intraday low of US$23.30/ounce. Silver settled 0.257% down at US$23.24/ounce.
                              Trading Strategy: Neutral to Negative
                              Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.


                              Crude futures (May 2013) on Thursday made an intra‐day high of US$88.49/bbl and made an intraday low of US$85.60/bbl and settled down by 2.23% at US$88.32/bbl on session close.
                              Trading Strategy: Neutral
                              Today, sell in above 88.20-88.90 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.


                              EUR/USD on Thursday made an intra‐day low of US$ 1.3020/EUR and made an intraday high of US$1.3095/EUR and settled the day 0.153% up at US$1.3049/EUR on session close.
                              Trading Strategy: Neutral
                              Based on the charts and explanations above, buying the pair above 1.3040-1.2980 targeting 1.3140 and 1.3170-1.3245 and stop-loss with four-hour closing below 1.2960.


                              GBP/USD on Thursday made an intra‐day low of US$1.5216/GBP and made an intraday high of US$1.5238/GBP and settled the day down by 0.262% at US$1.5278/GBP on session close.
                              Trading Strategy: Neutral
                              Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5310-1.5450 and then 1.5500 and stop-loss with four-hour closing below 1.5180.


                              USD/JPY on Thursday an intra‐day low of JPY8.52/USD and made an intraday high of JPY 98.09/USD and settled the day 0.061% up at JPY98.15/USD on session close.
                              Trading Strategy: Neutral
                              Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.

                              http://www.ikonmarkets.com/daily-reports/2013/04/19/

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