Ikon Markets Daily Forex Analysis (August)

August 1, 2013

Gold (spot) closed down on Wednesday made its intraday high of US$1,339.01/ounce after setting intraday low of US$1,305.74/ounce. Gold went down by 0.087% at US$1,324.69/ounce.

Trading Strategy: Neutral

Sell at strength at 1328-1338; targeting 1324-1316 and 1309-1301, upside breakage of 1347 will lead to 1352-1358 and 1364-1374. Buy on dips at 1303-1309 with strict stop loss below 1296 1-hourly closing; targeting 1328-1338 and 1346-1352; break below 1296 will call for 1292-1288 and 1282.

Silver (spot) closed up on Wednesday made its intraday high of US$20.13/ounce after setting intraday low of US$19.39/ounce. Silver settled 0.506% up at US$19.83/ounce.

Trading Strategy: Neutral

Short positions at 19.90-20.20 with stop above 20.80; targeting 19.70 and 19.40-19.10, upside breakout of 20.80 will open the way to 21.20-21.60. Buyers can buy above 19.10-19.50, targeting 20.30-20.60 and 20.80-21.30 with risk below 18.70.

Crude futures (July 2013) on Wednesday made an intra‐day high of US$105.40/bbl and made an intraday low of US$102.90/bbl and settled up by 2.104% at US$102.90/bbl on session close.

Trading Strategy: Neutral

Sell in-between 105.90-106.90 with risk above 107.50; targeting 104.50-103.90 and 102.90-101.90. Buy above 103.60-102.90 using a stop loss of 102.00, targeting 104.50-105.50 and 106.90-107.50.

EUR/USD on Wednesday made an intra‐day low of US$1.3208/EUR and made an intraday high of US$1.3343/EUR and settled the day 0.301% up at US$1.3301/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3230-1.3170 targeting 1.3240-1.3320 and 1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3270-1.3290 with risk above 1.3320; targeting 1.3170-1.3120 and 1.3005-1.2905; alternatively, break above 1.3320 might call for 1.3410-1.3490.

GBP/USD on Wednesday made an intra‐day low of US$1.5123/GBP and made an intraday high of US$1.5253/GBP and settled the day down by 0.203% at US$1.5204/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5190-1.5290, stop loss below 1.5305 targeting 1.5150 and 1.5070-1.4990. Buying can be done above 1.5120-1.5070 targeting 1.5240-1.5290 and 1.5360-1.5400; alternatively, a break below 1.5040 might call for 1.4980-1.4890.

USD/JPY on Wednesday an intra‐day low of JPY97.57/USD and made an intraday high of JPY 98.53/USD and settled the day 0.153% down at JPY98.53/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.90-99.30, using a stop loss of 100.20, targeting 97.20-96.75 and 95.70. Alternatively, a break above 100.20 might call for 100.50-101.20. Buy above 97.60-96.90, using a stop loss of below 96.50, targeting 98.50-99.25.

http://ikonmarkets.com/daily-reports/2013/08/01/

August 2, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,330.93/ounce after setting intraday low of US$1,307.76/ounce. Gold went down by 1.066% at US$1,310.18/ounce.

Trading Strategy: Neutral

Sell at strength at 1296-1309; targeting 1282-1274 and 1266-1260, upside breakage of 1316 will lead to 1324-1331 and 1338-1346. Buy on dips at 1274-1282 with strict stop loss below 1266 1-hourly closing; targeting 1290-1296 and 1303-1316; break below 1266 will call for 1260-1254.

Silver (spot) closed down on Thursday made its intraday high of US$19.98/ounce after setting intraday low of US$19.54/ounce. Silver settled 1.15% down at US$19.60/ounce.

Trading Strategy: Neutral

Short positions at 19.70-20.05 with stop above 20.60; targeting 19.30-19.10 and 18.70, upside breakout of 20.60 will open the way to 21.20-21.60. Buyers can buy above 18.90-19.20, targeting 20.30-20.60 and 20.80-21.30 with risk below 18.70 hourly closing.

Crude futures (July 2013) on Thursday made an intra‐day high of US$108.04/bbl and made an intraday low of US$105.08/bbl and settled up by 2.432% at US$107.80/bbl on session close.

Trading Strategy: Neutral

Sell in-between 108.90-109.40 with risk above 110; targeting 107.70-106.80 and 105.90-105.20. Buy above 106.80-107.75 using a stop loss of 106.60, targeting 108.90-109.40 and 110.60.

EUR/USD on Thursday made an intra‐day low of US$1.3193/EUR and made an intraday high of US$1.3309/EUR and settled the day 0.721% down at US$1.3204/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3190-1.3150 targeting 1.3240-1.3320 and 1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3270-1.3290 with risk above 1.3320; targeting 1.3170-1.3120 and 1.3005-1.2905; alternatively, break above 1.3320 might call for 1.3410-1.3490.

GBP/USD on Thursday made an intra‐day low of US$1.5109/GBP and made an intraday high of US$1.5241/GBP and settled the day down by 0.578% at US$1.5117/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5150-1.5190, stop loss above 1.5305 targeting 1.5150 and 1.5070-1.4990. Buying can be done above 1.5090-1.5050 targeting 1.5240-1.5290 and 1.5360-1.5400; alternatively, a break below 1.5040 might call for 1.4980-1.4890.

USD/JPY on Thursday an intra‐day low of JPY97.64/USD and made an intraday high of JPY 99.56/USD and settled the day 0.170% up at JPY99.53/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.90-100.20, using a stop loss of 100.80, targeting 97.20-96.75 and 95.70. Alternatively, a break above 100.80 might call for 101.20-101.55. Buy above 98.50-97.60, using a stop loss of below 96.90, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/02/

August 5, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,318.39/ounce after setting intraday low of US$1,283.10/ounce. Gold went up by 0.177% at US$1,311.68/ounce.

Trading Strategy: Neutral

Sell at strength at 1316-1324; targeting 1303-1294 and 1282-1274, upside breakage of 1331 will lead to 1338-1346. Buy on dips at 1294-1303 with strict stop loss below 1282 1-hourly closing; targeting 1316-1324 and 1331-1338; break below 1282 will call for 1274-1266 and 1260-1254.

Silver (spot) closed up on Friday made its intraday high of US$20.30/ounce after setting intraday low of US$19.21/ounce. Silver settled 1.48% up at US$19.87/ounce.

Trading Strategy: Neutral

Short positions at 20.05-20.30 with stop above 20.60; targeting 19.30-19.10 and 18.70, upside breakout of 20.60 will open the way to 20.80-21.20 and 21.60. Buyers can buy above 19.30-19.60, targeting 20.30-20.60 and 20.80-21.30 with risk below 19.00 hourly closing.

Crude futures (July 2013) on Friday made an intra‐day high of US$108.74/bbl and made an intraday low of US$106.44/bbl and settled down by 0.853% at US$106.83/bbl on session close.

Trading Strategy: Neutral

Sell in-between 107.50-108.90 with risk above 109.40; targeting 107.70-106.80 and 105.90-105.20. Buy above 106.00 using a stop loss of 105.40, targeting 107.50-108.90 and 109.40-110.60.

EUR/USD on Friday made an intra‐day low of US$1.3187/EUR and made an intraday high of US$1.3293/EUR and settled the day 0.568% up at US$1.3279/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3190-1.3150 targeting 1.3240-1.3320 and 1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3270-1.3290 with risk above 1.3320; targeting 1.3170-1.3120 and 1.3005-1.2905; alternatively, break above 1.3320 might call for 1.3410-1.3490.

GBP/USD on Friday made an intra‐day low of US$1.5101/GBP and made an intraday high of US$1.5307/GBP and settled the day up by 0.718% at US$1.5290/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5290-1.5360, stop loss above 1.5390 targeting 1.5240-1.5190 and 1.5150-1.5070. Buying can be done above 1.5150-1.5190 targeting 1.5240-1.5290 and 1.5360-1.5400; alternatively, a break below 1.5120 might call for 1.5070-1.5020 and 1.4980-1.4890.

USD/JPY on Friday an intra‐day low of JPY98.65/USD and made an intraday high of JPY 99.93/USD and settled the day 0.592% down at JPY98.94/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.90-99.90, using a stop loss of 100.20, targeting 97.20-96.75 and 95.70. Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.55. Buy above 98.20-97.60, using a stop loss of below 96.90, targeting 99.90-100.80.

http://www.ikonmarkets.com/daily-reports/2013/08/05/

August 6, 2013

Gold (spot) closed down on Monday made its intraday high of US$1,320.59/ounce after setting intraday low of US$1,297.36/ounce. Gold went down by 0.745% at US$1,302.57/ounce.

Trading Strategy: Neutral

Sell at strength at 1300-1309; targeting 1300-1294 and 1288-1282, upside breakage of 1321 will lead to 1331-1338 and 1346. Buy on dips at 1284-1278 with strict stop loss below 1274 1-hourly closing; targeting 1300-1309 and 1316-1324; break below 1274 will call for 1266-1260 and 1254.

Silver (spot) closed down on Monday made its intraday high of US$20.02/ounce after setting intraday low of US$19.56/ounce. Silver settled 0.906% down at US$19.68/ounce.

Trading Strategy: Neutral

Short positions at 19.90-20.30 with stop above 20.60; targeting 19.60-19.20 and 19.10-18.70, upside breakout of 20.60 will open the way to 20.80-21.20 and 21.60. Buyers can buy above 19.20-19.60, targeting 20.30-20.60 and 20.80-21.30 with risk below 18.90 hourly closing.

Crude futures (July 2013) on Monday made an intra‐day high of US$107.67/bbl and made an intraday low of US$105.69/bbl and settled down by 0.309% at US$106.43/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.90-107.90 with risk above 108.90; targeting 107.70-106.80 and 105.90-105.20. Buy above 106.00 using a stop loss of 105.40, targeting 107.50-108.90 and 109.40-110.60.

EUR/USD on Monday made an intra‐day low of US$1.3231/EUR and made an intraday high of US$1.3299/EUR and settled the day 0.180% down at US$1.3257/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3190-1.3150 targeting 1.3240-1.3320 and 1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3270-1.3290 with risk above 1.3320; targeting 1.3170-1.3120 and 1.3005-1.2905; alternatively, break above 1.3320 might call for 1.3410-1.3490.

GBP/USD on Monday made an intra‐day low of US$1.5377/GBP and made an intraday high of US$1.5377/GBP and settled the day up by 0.425% at US$1.5353/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5360-1.5410, stop loss above 1.5450 targeting 1.5240-1.5190 and 1.5150-1.5070. Buying can be done above 1.5310-1.5240 targeting 1.5360-1.5410 and 1.5450-1.5540; alternatively, a break below 1.5190 might call for 1.5150-1.5070 and 1.5020-1.4980.

USD/JPY on Monday an intra‐day low of JPY98.18/USD and made an intraday high of JPY 99.14/USD and settled the day 0.556% down at JPY98.28/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.90-99.90, using a stop loss of 100.20, targeting 97.20-96.75 and 95.70. Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.55. Buy above 98.20-97.60, using a stop loss of below 96.90, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/06/

August 7, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,307.14/ounce after setting intraday low of US$1,297.01/ounce. Gold went down by 1.629% at US$1,282.65/ounce.

Trading Strategy: Neutral

Sell at strength at 1284-1294; targeting 1300-1294 and 1288-1282, upside breakage of 1303 will lead to 1309-1320 and 1331-1338. Buy on dips at 1274-1266 with strict stop loss below 1260 1-hourly closing; targeting 1284-1294 and 1300-1309; break below 1274 will call for 1266-1260 and 1254.

Silver (spot) closed down on Tuesday made its intraday high of US$19.81/ounce after setting intraday low of US$19.48/ounce. Silver settled 0.964% down at US$19.50/ounce.

Trading Strategy: Neutral

Short positions at 19.80-20.20 with stop above 20.60; targeting 19.40-19.20 and 19.10-18.70, upside breakout of 20.60 will open the way to 20.80-21.20 and 21.60. Buyers can buy above 19.05-19.30, targeting 19.75-20.05 and 20.30-20.60 with risk below 18.70 hourly closing.

Crude futures (July 2013) on Tuesday made an intra‐day high of US$107.25/bbl and made an intraday low of US$104.68/bbl and settled down by 0.732% at US$105.68/bbl on session close.

Trading Strategy: Neutral

Sell in-between 105.60-106.90 with risk above 107.50; targeting 104.90-104.60 and 103.60-102.60. Buy above 103.60 using a stop loss of 102.60, targeting 105.60-106.90 and 107.50-108.90

EUR/USD on Tuesday made an intra‐day low of US$1.3245/EUR and made an intraday high of US$1.3322/EUR and settled the day 0.346% down at US$1.3303/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3190-1.3150 targeting 1.3240-1.3320 and 1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3270-1.3290 with risk above 1.3320; targeting 1.3170-1.3120 and 1.3005-1.2905; alternatively, break above 1.3320 might call for 1.3410-1.3490.

GBP/USD on Tuesday made an intra‐day low of US$1.5330/GBP and made an intraday high of US$1.5390/GBP and settled the day up by 0.425% at US$1.5353/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5360-1.5410, stop loss above 1.5450 targeting 1.5240-1.5190 and 1.5150-1.5070. Buying can be done above 1.5310-1.5240 targeting 1.5360-1.5410 and 1.5450-1.5540; alternatively, a break below 1.5190 might call for 1.5150-1.5070 and 1.5020-1.4980.

USD/JPY on Tuesday an intra‐day low of JPY97.50/USD and made an intraday high of JPY 98.47/USD and settled the day 0.574% down at JPY97.72/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.60-98.90, using a stop loss of 100.20, targeting 97.20-96.75 and 95.70. Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.55. Buy above 95.90-95.20, using a stop loss of below 94.60, targeting 99.90-100.80.

http://www.ikonmarkets.com/daily-reports/2013/08/07/

August 8, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,289.49/ounce after setting intraday low of US$1,272.70/ounce. Gold went up by 0.393% at US$1,286.85/ounce.

Trading Strategy: Neutral

Sell at strength at 1294-1303; targeting 1282-1274 and 1266-1260, upside breakage of 1309 will lead to 1320 and 1331-1338. Buy on dips at 1274-1282 with strict stop loss below 1260 1-hourly closing; targeting 1294-1303 and 1309-1320; break below 1270 will call for 1266-1260 and 1254.

Silver (spot) closed up on Wednesday made its intraday high of US$19.63/ounce after setting intraday low of US$19.15/ounce. Silver settled 0.410% up at US$19.56/ounce.

Trading Strategy: Neutral

Short positions at 19.80-20.20 with stop above 20.60; targeting 19.40-19.20 and 19.10-18.70, upside breakout of 20.60 will open the way to 20.80-21.20 and 21.60. Buyers can buy above 19.05-19.30, targeting 19.75-20.05 and 20.30-20.60 with risk below 18.70 hourly closing.

Crude futures (July 2013) on Wednesday made an intra‐day high of US$105.75/bbl and made an intraday low of US$104.08/bbl and settled down by 1.307% at US$104.18/bbl on session close.

Trading Strategy: Neutral

Sell in-between 105.60-106.90 with risk above 107.50; targeting 104.90-104.60 and 103.60-102.60. Buy above 103.60 using a stop loss of 102.60, targeting 105.60-106.90 and 107.50-108.90

EUR/USD on Wednesday made an intra‐day low of US$1.3264/EUR and made an intraday high of US$1.3344/EUR and settled the day 0.233% down at US$1.3334/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3360-1.3410 with risk above 1.3420; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Wednesday made an intra‐day low of US$1.5203/GBP and made an intraday high of US$1.5529/GBP and settled the day up by 0.905% at US$1.5486/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5510-1.5610, stop loss above 1.5690 targeting 1.5410-1.5310 and 1.5240-1.5190. Buying can be done above 1.5310-1.5240 targeting 1.5540-1.5610; alternatively, a break below 1.5190 might call for 1.5150-1.5070 and 1.5020-1.4980.

USD/JPY on Wednesday an intra‐day low of JPY96.31/USD and made an intraday high of JPY 97.80/USD and settled the day 1.432% down at JPY96.32/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.60-98.70, using a stop loss of 99.20, targeting 96.75-95.70 and 94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-95.20, using a stop loss of below 94.60, targeting 99.90-100.80.

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

August 13, 2013

Gold (spot) closed up on Monday made its intraday high of US$1,343.77/ounce after setting intraday low of US$1,314.08/ounce. Gold went up by 1.797% at US$1,337.82/ounce.

Trading Strategy: Neutral

Sell at strength at 1338-1346; targeting 1324-1309 and 1303-1296, upside breakage of 1346 will lead to 1357-1366. Buy on dips at 1309-1318 with strict stop loss below 1296 1-hourly closing; targeting 1336-1346 and 1352-1356; break below 1296 will call for 1289-1282 and 1274.

Silver (spot) closed up on Monday made its intraday high of US$21.46/ounce after setting intraday low of US$20.65/ounce. Silver settled 3.434% up at US$21.38/ounce.

Trading Strategy: Neutral

Buyers can buy above 20.60-20.90, targeting 21.30-21.95 and 22.30 with risk below 20.05 hourly closing. Short positions at 21.50-21.95 with stop above 22.40; targeting 20.60-20.30 and 20.05-19.80 upside breakout of 22.40 will open the way to 22.90-23.30 and 24.40.

Crude futures (July 2013) on Monday made an intra‐day high of US$106.44/bbl and made an intraday low of US$105.02/bbl and settled down by 0.302% at US$106.14/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.90-107.90 with risk above 108.60; targeting 105.60-104.90 and 104.60-103.20. Buy above 105.50-104.60 using a stop loss of 103.20, targeting 106.90 and 107.50-108.90.

EUR/USD on Monday made an intra‐day low of US$1.3276/EUR and made an intraday high of US$1.3343/EUR and settled the day 0.157% down at US$1.3298/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3360-1.3410 with risk above 1.3420; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Monday made an intra‐day low of US$1.5457/GBP and made an intraday high of US$1.5520/GBP and settled the day down by 0.174% at US$1.5460/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5525-1.5610, stop loss above 1.5690 targeting 1.5410-1.5310 and 1.5240-1.5190. Buying can be done above 1.5400-1.5310 targeting 1.5540-1.5610; alternatively, a break below 1.5250 might call for 1.5150-1.5070 and 1.5020-1.4980.

USD/JPY on Monday an intra‐day low of JPY95.91/USD and made an intraday high of JPY 96.92/USD and settled the day 0.623% up at JPY96.89/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.60-98.70, using a stop loss of 99.20, targeting 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-95.20, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/13/

August 15, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,335.94/ounce after setting intraday low of US$1,315.67/ounce. Gold went up by 1.077% at US$1,335.54/ounce.

Trading Strategy: Neutral

Sell at strength at 1342-1352; targeting 1334-1324 and 1316-1309, upside breakage of 1357 will lead to 1366-1374. Buy on dips at 1316-1324 with strict stop loss below 1309 1-hourly closing; targeting 1336-1346 and 1352-1356; break below 1309 will call for 1289-1282 and 1274.

Silver (spot) closed up on Wednesday made its intraday high of US$21.87/ounce after setting intraday low of US$21.28/ounce. Silver settled 2.055% up at US$21.85/ounce.

Trading Strategy: Neutral

Buyers can buy above 21.45-21.90, targeting 22.30-22.75 and 23.10 with risk below 21.05 hourly closing. Short positions at 22.20-22.75 with stop above 23.10; targeting 21.90-21.45 and 21.05-20.85 upside breakout of 23.10 will open the way to 23.95-24.40.

Crude futures (July 2013) on Wednesday made an intra‐day high of US$107.03/bbl and made an intraday low of US$105.58/bbl and settled down by 0.488% at US$106.99/bbl on session close.

Trading Strategy: Neutral

Sell in-between 107.50-108.10 with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60 using a stop loss of 103.20, targeting 106.90 and 107.50-108.90.

EUR/USD on Wednesday made an intra‐day low of US$1.3238/EUR and made an intraday high of US$1.3279/EUR and settled the day 0.06% down at US$1.3253/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3310-1.3360 with risk above 1.3420; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Wednesday made an intra‐day low of US$1.5421/GBP and made an intraday high of US$1.5545/GBP and settled the day down by 0.336% at US$1.5497/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5610, stop loss above 1.5690 targeting 1.5410-1.5310 and 1.5240-1.5190. Buying can be done above 1.5400-1.5310 targeting 1.5540-1.5610; alternatively, a break below 1.5250 might call for 1.5150-1.5070 and 1.5020-1.4980.

USD/JPY on Wednesday an intra‐day low of JPY97.85/USD and made an intraday high of JPY 98.42/USD and settled the day 0.081% up at JPY98.11/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.70, using a stop loss of 99.20, targeting 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/15/

August 16, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,370.16/ounce after setting intraday low of US$1,318.80/ounce. Gold went up by 2.235% at US$1,365.44/ounce.

Trading Strategy: Neutral

Sell at strength at 1368-1374; targeting 1361-1352 and 1346-1338, upside breakage of 1378 will lead to 1384-1394. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1368-1378 and 1384-1394; break below 1338 will call for 1331-1324 and 1316-1309.

Silver (spot) closed up on Thursday made its intraday high of US$23.19/ounce after setting intraday low of US$21.72/ounce. Silver settled 4.983% up at US$22.96/ounce.

Trading Strategy: Neutral

Buyers can buy above 21.90-22.20, targeting 23.20-23.90 with risk below 21.40 hourly closing. Short positions at 23.20-23.50 with stop above 23.95; targeting 22.60-22.20 and 21.90-21.45 upside breakout of 23.95 will open the way to 24.40-24.90.

Crude futures (July 2013) on Thursday made an intra‐day high of US$107.85/bbl and made an intraday low of US$106.58/bbl and settled down by 0.277% at US$107.26/bbl on session close.

Trading Strategy: Neutral

Sell in-between 107.50-108.10 with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60 using a stop loss of 103.20, targeting 106.90 and 107.50-108.90.

EUR/USD on Thursday made an intra‐day low of US$1.3204/EUR and made an intraday high of US$1.3362/EUR and settled the day 0.694% up at US$1.3345/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3360-1.3410 with risk above 1.3430; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Thursday made an intra‐day low of US$1.5494/GBP and made an intraday high of US$1.5650/GBP and settled the day down by 0.896% at US$1.5637/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5650-1.5690, stop loss above 1.5760 targeting 1.5590-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5440 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY97.05/USD and made an intraday high of JPY 98.64/USD and settled the day 0.784% down at JPY97.34/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.70, using a stop loss of 99.20, targeting 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/16/

August 19, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,379.67/ounce after setting intraday low of US$1,357.39/ounce. Gold went up by 0.782% at US$1,376.08/ounce.

Trading Strategy: Neutral

Sell at strength at 1379-1387; targeting 1361-1352 and 1346-1338, upside breakage of 1394 will lead to 1400-1415. Buy on dips at 1357-1369 with strict stop loss below 1357 1-hourly closing; targeting 1378 and 1384-1394; break below 1357 will call for 1351-1344 and 1338-1331.

Silver (spot) closed up on Friday made its intraday high of US$23.40/ounce after setting intraday low of US$22.77/ounce. Silver settled 1.308% up at US$23.22/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.95, targeting 23.20-23.90 with risk below 21.95 hourly closing. Short positions at 23.50-23.95 with stop above 24.05; targeting 22.60-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.

Crude futures (July 2013) on Friday made an intra‐day high of US$108.15/bbl and made an intraday low of US$106.54/bbl and settled down by 0.465% at US$107.68/bbl on session close.

Trading Strategy: Neutral

Sell in-between 107.50-108.10 with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60 using a stop loss of 103.20, targeting 106.90 and 107.50-108.90

EUR/USD on Friday made an intra‐day low of US$1.3310/EUR and made an intraday high of US$1.3379/EUR and settled the day 0.142% down at US$1.3327/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3360-1.3410 with risk above 1.3430; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Friday made an intra‐day low of US$1.5606/GBP and made an intraday high of US$1.5655/GBP and settled the day down by 0.076% at US$1.5624/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5650-1.5690, stop loss above 1.5760 targeting 1.5590-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5440 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Friday an intra‐day low of JPY97.04/USD and made an intraday high of JPY 97.76/USD and settled the day 0.174% down at JPY97.51/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.70, using a stop loss of 99.20, targeting 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/19/

August 20, 2013

Gold (spot) closed down on Monday made its intraday high of US$1,384.35/ounce before setting intraday low of US$1,362.17/ounce. Gold went down by 0.862%at US$1,365.25/ounce.

Trading Strategy: Neutral

Sell at strength at 1367-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346with strict stop loss below 13381-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.

Silver (spot) closed upon Friday made its intraday high of US$23.40/ounce after setting intraday low of US$22.77/ounce. Silver settled 1.308% up at US$23.22/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 22.95-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to24.40-24.90.

Crude futures (July 2013) on Monday made an intra‐day high of US$107.79/bbl and made an intraday low of US$106.55/bb land settled down by 0.715% at US$106.92/bbl on session close.

Trading Strategy: Neutral

Sell in-between106.90-107.50with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60using a stop loss of 103.20, targeting 106.90 and 107.50-108.90

EUR/USD on Monday made an intra‐day low of US$1.3314/EUR and made an intraday high of US$1.3373/EUR and settled the day 0.002% down at US$1.3333/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can1.3360-1.3410with risk above 1.3430; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Monday made an intra‐day low of US$1.5608/GBP and made an intraday high of US$1.5672/GBP and settled the day up by 0.185% at US$1.5646/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between1.5650-1.5690, stop loss above 1.5760targeting 1.5590-1.5550 and 1.5410-1.5310.Buying can be done above 1.5550-1.5440targeting 1.5650-1.5690; alternatively, a break below1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Monday an intra‐day low of JPY97.35/USD and made an intraday high of JPY98.11/USD and settled the day 0.061% down at JPY97.54/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50.Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20.Buy above 95.90-96.30, using a stop loss ofbelow 94.60, targeting 99.90-100.80.

http://www.ikonmarkets.com/daily-reports/2013/08/20/

August 21, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,377.46/ounce before setting intraday low of US$1,352.42/ounce. Gold went down by 0.902% at US$1,370.95/ounce.

Trading Strategy: Neutral

Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.

Silver (spot) closed down on Tuesday made its intraday high of US$23.31/ounce after setting intraday low of US$22.28/ounce. Silver settled 0.733% down at US$23.00/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.

Crude futures (July 2013) on Tuesday made an intra‐day high of US$106.93/bbl and made an intraday low of US$104.63/bbl and settled down by 1.471% at US$105.13/bbl on session close.

Trading Strategy: Neutral

Sell in-between 105.60-106.90 with risk above 107.50; targeting 104.60-104.00 and 103.20. Buy above 104.50-103.60 using a stop loss of 103.20, targeting 105.30-105.90 and 106.90-107.50.

EUR/USD on Tuesday made an intra‐day low of US$1.3322/EUR and made an intraday high of US$1.3451/EUR and settled the day 0.615% down at US$1.3415/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Tuesday made an intra‐day low of US$1.5627/GBP and made an intraday high of US$1.5694/GBP and settled the day up by 0.115% at US$1.5664/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5690-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5590-1.5550 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Tuesday an intra‐day low of JPY96.90/USD and made an intraday high of JPY 97.85/USD and settled the day 0.276% down at JPY97.25/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/21/

August 22, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,377.46/ounce before setting intraday low of US$1,352.42/ounce. Gold went down by 0.902% at US$1,370.95/ounce.

Trading Strategy: Neutral

Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.

Silver (spot) closed down on Wednesday made its intraday high of US$23.26/ounce after setting intraday low of US$22.76/ounce. Silver settled 0.478% down at US$22.87/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.

Crude futures (July 2013) on Wednesday made an intra‐day high of US$105.32/bbl and made an intraday low of US$103.49/bbl and settled down by 1.241% at US$103.83/bbl on session close.

Trading Strategy: Neutral

Sell in-between 104.50-105.60 with risk above 106.90; targeting 103.20-102.20. Buy above 103.20-102.20 using a stop loss of 102.00, targeting 104.50-105.30 and 105.90-106.90.

EUR/USD on Wednesday made an intra‐day low of US$1.3334/EUR and made an intraday high of US$1.3426/EUR and settled the day 0.462% down at US$1.3353/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Wednesday made an intra‐day low of US$1.5636/GBP and made an intraday high of US$1.5714/GBP and settled the day down by 0.044% at US$1.5657/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5690-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5590-1.5550 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Wednesday an intra‐day low of JPY97.11/USD and made an intraday high of JPY 97.97/USD and settled the day 0.421% down at JPY97.66/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/22/

August 23, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,381.54/ounce before setting intraday low of US$1,355.00/ounce. Gold went up by 0.686% at US$1,375.33/ounce.

Trading Strategy: Neutral

Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.

Silver (spot) closed down on Thursday made its intraday high of US$23.32/ounce after setting intraday low of US$22.45/ounce. Silver settled 1.182% down at US$23.10/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.

Crude futures (July 2013) on Thursday made an intra‐day high of US$105.22/bbl and made an intraday low of US$103.52/bbl and settled up by 1.280% at US$105.18/bbl on session close.

Trading Strategy: Neutral

Sell in-between 104.90-105.90 with risk above 106.90; targeting 103.20-102.20. Buy above 103.20-102.20 using a stop loss of 102.00, targeting 104.50-105.30 and 105.90-106.90.

EUR/USD on Thursday made an intra‐day low of US$1.3297/EUR and made an intraday high of US$1.3372/EUR and settled the day 0.014% up at US$1.3354/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Thursday made an intra‐day low of US$1.5636/GBP and made an intraday high of US$1.5664/GBP and settled the day down by 0.477% at US$1.5586/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY97.57/USD and made an intraday high of JPY 98.79/USD and settled the day 1.065% up at JPY98.69/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.

http://ikonmarkets.com/daily-reports/2013/08/23/

August 26, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,399.60/ounce after setting intraday low of US$1,368.42/ounce. Gold went up by 1.583% at US$1,397.18/ounce.

Trading Strategy: Neutral

Sell at strength at 1397-1405; targeting 1387-1379 and 1367-1361, upside breakage of 1405 will lead to 1415-1425 and 1435. Buy on dips at 1387-1378 with strict stop loss below 1364 1-hourly closing; targeting 1397-1405 and 1415-1425; break below 1364 will call for 1354-1344.

Silver (spot) closed up on Friday made its intraday high of US$24.09/ounce after setting intraday low of US$22.88/ounce. Silver settled 3.93% up at US$24.05/ounce.

Trading Strategy: Neutral

Short positions at 24.25-24.85 with stop above 25.05; targeting 23.85-23.65 and 23.30-22.80 upside breakout of 25.05 will open the way to 25.90-26.60. Buyers can buy above 23.60-22.90, targeting 23.90-24.25 and 24.55-24.90 with risk below 22.70 hourly closing.

Crude futures (July 2013) on Friday made an intra‐day high of US$106.91/bbl and made an intraday low of US$104.29/bbl and settled up by 1.074% at US$106.32/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.90-107.50 with risk above 108.20; targeting 106.30-105.30 and 104.50-103.20. Buy above 105.20-105.90 using a stop loss of 103.20, targeting 106.90-107.55 and 108.20-108.90.

EUR/USD on Friday made an intra‐day low of US$1.3332/EUR and made an intraday high of US$1.3408/EUR and settled the day 0.194% up at US$1.3380/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Friday made an intra‐day low of US$1.5537/GBP and made an intraday high of US$1.5636/GBP and settled the day down by 0.121% at US$1.5567/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Friday an intra‐day low of JPY98.38/USD and made an intraday high of JPY 99.14/USD and settled the day 0.010% down at JPY98.70/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.

http://ikonmarkets.com/daily-reports/2013/08/26/

August 27, 2013

Gold (spot) closed up on Monday made its intraday high of US$1,406.83/ounce before setting intraday low of US$1,389.26/ounce. Gold went up by 0.475% at US$1,404.15/ounce.

Trading Strategy: Neutral

Sell at strength at 1405-1415; targeting 1387-1379 and 1367-1361, upside breakage of 1415 will lead to 1425-1435. Buy on dips at 1387-1378 with strict stop loss below 1364 1-hourly closing; targeting 1397-1405 and 1415-1425; break below 1364 will call for 1354-1344.

Silver (spot) closed up on Monday made its intraday high of US$24.41/ounce after setting intraday low of US$23.79/ounce. Silver settled 1.081% up at US$24.29/ounce.

Trading Strategy: Neutral

Short positions at 24.45-24.85 with stop above 25.05; targeting 23.85-23.65 and 23.30-22.80 upside breakout of 25.05 will open the way to 25.90-26.60. Buyers can buy above 23.60-22.90, targeting 23.90-24.25 and 24.55-24.90 with risk below 22.70 hourly closing.

Crude futures (July 2013) on Monday made an intra‐day high of US$107.32/bbl and made an intraday low of US$105.54/bbl and settled up by 0.720% at US$106.11/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.90-107.50 with risk above 108.20; targeting 106.30-105.30 and 104.50-103.20. Buy above 105.20-105.90 using a stop loss of 103.20, targeting 106.90-107.55 and 108.20-108.90.

EUR/USD on Monday made an intra‐day low of US$1.3355/EUR and made an intraday high of US$1.3393/EUR and settled the day 0.119% down at US$1.3367/EUR on session close.

Trading Strategy: Neutral

Based on today’s markets, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Monday made an intra‐day low of US$1.5555/GBP and made an intraday high of US$1.5611/GBP and settled the day up by 0.077% at US$1.5574/GBP on session close.

Trading Strategy: Neutral

Based on today’s markets, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Monday an intra‐day low of JPY98.26/USD and made an intraday high of JPY 98.83/USD and settled the day 0.050% down at JPY98.50/USD on session close.

Trading Strategy: Neutral

Based on today’s markets, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.

http://ikonmarkets.com/daily-reports/2013/08/27/

August 28, 2013

Gold (spot) closed up on Tuesday made its intraday high of US$1,423.40/ounce before setting intraday low of US$1,395.66/ounce. Gold went up by 0.754% at US$1,415.00/ounce.

Trading Strategy: Neutral

Buy on dips at 1415-1400 with strict stop loss below 1389 1-hourly closing; targeting 1333-1340 and 1454; break below 1389 will call for 1379-1367. Sell at strength at 1430-1439; targeting 1415-1400 and 1387-1379, upside breakage of 1444 will lead to 1454-1460.

Silver (spot) closed up on Tuesday made its intraday high of US$24.70/ounce after setting intraday low of US$23.98/ounce. Silver settled 0.441% up at US$24.43/ounce.

Trading Strategy: Neutral

Short positions at 25.05-25.40 with stop above 25.45; targeting 24.852-24.55 and 24.25-23.85 upside breakout of 25.45 will open the way to 25.90-26.60. Buyers can buy above 24.15-24.45, targeting 24.90-25.25 and 25.45-24.90 with risk below 23.70 hourly closing.

Crude futures (July 2013) on Tuesday made an intra‐day high of US$109.30/bbl and made an intraday low of US$105.87/bbl and settled up by 2.74% at US$109.05/bbl on session close.

Trading Strategy: Neutral

Sell in-between 112.50-113.90 with risk above 114.10; targeting 110.85-109.45 and 108.90-108.20. Buy above 109.70-110.90 using a stop loss of 108.80, targeting 111.90-112.50 and 113.20-114.00.

EUR/USD on Tuesday made an intra‐day low of US$1.3321/EUR and made an intraday high of US$1.3398/EUR and settled the day 0.179% up at US$1.3391/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Tuesday made an intra‐day low of US$1.5480/GBP and made an intraday high of US$1.5591/GBP and settled the day up by 0.186% at US$1.5544/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Tuesday an intra‐day low of JPY98.49/USD and made an intraday high of JPY 98.52/USD and settled the day 1.50% down at JPY97.01/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.60-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://www.ikonmarkets.com/daily-reports/2013/08/28/

August 29, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,433.50/ounce before setting intraday low of US$1,413.23/ounce. Gold went up by 0.100% at US$1,417.15/ounce.

Trading Strategy: Neutral

Sell at strength at 1415-1424; targeting 1402-1395 and 1387-1374, upside breakage of 1434 will lead to 1440-1448 and 1454-1460. Buy on dips at 1402-1389 with strict stop loss below 1389 1-hourly closing; targeting 1415-1424 and 1433-1340; break below 1389 will call for 1384-1379 and 1374-1367.

Silver (spot) closed down on Wednesday made its intraday high of US$25.11/ounce before setting intraday low of US$24.33/ounce. Silver settled 0.572% up at US$24.33/ounce.

Trading Strategy: Neutral

Short positions at 24.50-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (July 2013) on Wednesday made an intra‐day high of US$109.47/bbl and made an intraday low of US$109.10/bbl and settled up by 0.247% at US$109.47/bbl on session close.

Trading Strategy: Neutral

Sell in-between 109.80-110.90 with risk above 112.30; targeting 110.85-109.45 and 108.90-108.20. Buy above 107.50-108.20 using a stop loss of 106.90, targeting 109.80-110.80 and 111.90-112.50.

EUR/USD on Wednesday made an intra‐day low of US$1.3304/EUR and made an intraday high of US$1.3396/EUR and settled the day 0.395% up at US$1.3380/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3270-1.3210 targeting 1.3350-1.3390 and 1.3420-1.3490 with stop-loss with four-hour closing below 1.3190. Selling can 1.3350-1.3420 with risk above 1.3450; targeting 1.3310 and 1.3240-1.3170; alternatively, break above 1.3460 might call for 1.3520-1.3550.

GBP/USD on Wednesday made an intra‐day low of US$1.5427/GBP and made an intraday high of US$1.5551/GBP and settled the day down by 0.135% at US$1.5523/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Wednesday an intra‐day low of JPY96.80/USD and made an intraday high of JPY 97.82/USD and settled the day 0.639% up at JPY97.62/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://www.ikonmarkets.com/daily-reports/2013/08/29/

August 30, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,418.35/ounce before setting intraday low of US$1,412.20/ounce. Gold went down by 0.718% at US$1,407.30/ounce.

Trading Strategy: Neutral

Sell at strength at 1415-1424; targeting 1402-1395 and 1387-1374, upside breakage of 1434 will lead to 1440-1448 and 1454-1460. Buy on dips at 1402-1389 with strict stop loss below 1389 1-hourly closing; targeting 1415-1424 and 1433-1340; break below 1389 will call for 1384-1379 and 1374-1367.

Silver (spot) closed down on Thursday made its intraday high of US$24.42/ounce before setting intraday low of US$23.65/ounce. Silver settled 2.13% down at US$23.84/ounce.

Trading Strategy: Neutral

Short positions at 24.20-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Thursday made an intra‐day high of US$110.01/bbl and made an intraday low of US$107.71/bbl and settled down by 1.214% at US$108.16/bbl on session close.

Trading Strategy: Neutral

Sell in-between 108.20-109.80 with risk above 110.90; targeting 107.50-106.90 and 106.40-105.70. Buy above 105.70-106.40 using a stop loss of 104.50, targeting 108.20-108.90 and 109.80-110.80.

EUR/USD on Thursday made an intra‐day low of US$1.3218/EUR and made an intraday high of US$1.3342/EUR and settled the day 0.742% down at US$1.3239/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3290-1.3350 and 1.3390-1.3420 with stop-loss with four-hour closing below 1.3170. Selling can 1.3290-1.3350 with risk above 1.3420; targeting 1.3310 and 1.3240-1.3170; alternatively, break above 1.3420 might call for 1.3460-1.3490 and 1.3520-1.3550.

GBP/USD on Thursday made an intra‐day low of US$1.5481/GBP and made an intraday high of US$1.5547/GBP and settled the day down by 0.135% at US$1.5502/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY96.80/USD and made an intraday high of JPY 97.82/USD and settled the day 0.639% up at JPY97.62/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.50-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://www.ikonmarkets.com/daily-reports/2013/08/30/

August 30, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,418.35/ounce before setting intraday low of US$1,412.20/ounce. Gold went down by 0.718% at US$1,407.30/ounce.

Trading Strategy: Neutral

Sell at strength at 1415-1424; targeting 1402-1395 and 1387-1374, upside breakage of 1434 will lead to 1440-1448 and 1454-1460. Buy on dips at 1402-1389 with strict stop loss below 1389 1-hourly closing; targeting 1415-1424 and 1433-1340; break below 1389 will call for 1384-1379 and 1374-1367.

Silver (spot) closed down on Thursday made its intraday high of US$24.42/ounce before setting intraday low of US$23.65/ounce. Silver settled 2.13% down at US$23.84/ounce.

Trading Strategy: Neutral

Short positions at 24.20-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Thursday made an intra‐day high of US$110.01/bbl and made an intraday low of US$107.71/bbl and settled down by 1.214% at US$108.16/bbl on session close.

Trading Strategy: Neutral

Sell in-between 108.20-109.80 with risk above 110.90; targeting 107.50-106.90 and 106.40-105.70. Buy above 105.70-106.40 using a stop loss of 104.50, targeting 108.20-108.90 and 109.80-110.80.

EUR/USD on Thursday made an intra‐day low of US$1.3218/EUR and made an intraday high of US$1.3342/EUR and settled the day 0.742% down at US$1.3239/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3290-1.3350 and 1.3390-1.3420 with stop-loss with four-hour closing below 1.3170. Selling can 1.3290-1.3350 with risk above 1.3420; targeting 1.3310 and 1.3240-1.3170; alternatively, break above 1.3420 might call for 1.3460-1.3490 and 1.3520-1.3550.

GBP/USD on Thursday made an intra‐day low of US$1.5481/GBP and made an intraday high of US$1.5547/GBP and settled the day down by 0.135% at US$1.5502/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY96.80/USD and made an intraday high of JPY 97.82/USD and settled the day 0.639% up at JPY97.62/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.50-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://www.ikonmarkets.com/daily-reports/2013/08/30/