Ikon Markets Daily Forex Analysis (April)

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

SOCIAL MEDIA PRESS RELEASE – TRADING COMPETITION

 

IKON is pleased to announce the winners of its Spring 2013 trading competition. This will be the first of many competitions whereby new or experienced traders can test their skills against other traders from across the globe on IKON’s award winning technology.

 

We will publish an interview shortly on our website from our winner where we will discuss how they found the experience and managed to beat the many hundreds of eager participants!

 

 

In this competition we had 415 participants with over 13 thousand trades executed and a notional volume of over USD 20 Billion with the most popular trading pair being EUR/JPY.

 

Keep appraised of all our future competitions and our generous bonus offers through our website (http://www.ikonmarkets.com/) or receive updates through our social media links (Facebook, Twitter, Linkedin).

 

Finally we would like to say a big thank you to all of the contest participants, and a big congratulations to our winners!

 

We hope that they all enjoyed the contest and many more will join us for our next one!!!

 

Best of luck and happy trading for the future!

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

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/

[Ajawed]

April 22, 2013

 

Gold (spot) closed up on Friday made its intraday high of US$1,424.94/ounce after setting intraday low of US$1,385.98/ounce. Gold went up 0.96% at US$1,403.79/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 Friday made its intraday high of US$23.84/ ounce after setting intraday low of US$22.93/ounce. Silver settled 0.06% down at US$23.25/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 Friday made an intra‐day high of US$88.79/bbl and made an intraday low of US$87.56/bbl and settled up by 0.32% at US$88.01/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 Friday made an intra‐day low of US$ 1.3044/EUR and made an intraday high of US$1.3128/EUR and settled the day 0.007% up at US$1.3050/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 Friday made an intra‐day low of US$1.5223/GBP and made an intraday high of US$1.5366/GBP and settled the day down by 0.320% at US$1.5229/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 Friday an intra‐day low of JPY98.09/USD and made an intraday high of JPY 99.67/USD and settled the day 1.34% up at JPY99.47/USD on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, buying the pair above 99.50 targeting 100.00-100.85 then 101.10 and stop-loss with four-hour closing below 98.80.

 

http://www.ikonmarkets.com/daily-reports/2013/04/22/

[Ajawed]

April 23, 2013

 

Gold (spot) closed up on Monday made its intraday high of US$1,439.09/ounce after setting intraday low of US$1,402.68/ounce. Gold went up 1.61% at US$1,426.45/ounce.

Trading Strategy: Neutral to Negative

Sell at strength at 1420-1430; targeting 1407-1395 and 1384-1374, upside breakage of 1439 will lead to 1445-1454. Buy on dips at 1395-1405 with strict stop loss below 1390 1-hourly closing; targeting 1411-1424 and 1439-1444.

 

 

Silver (spot) closed up on Monday made its intraday high of US$23.71/ ounce after setting intraday low of US$23.13/ounce. Silver settled 0.83% up at US$23.13/ounce.

Trading Strategy: Neutral to Negative

Short positions at 23.25-23.55 with stop above 24.00; targeting 22.70 and 22.45-22.05, upside breakout of 24.00 will open the way to 24.50-24.90 and 25.90. Buyers can buy in 22.35-22.65 with risk below 22.00 hourly closing, targeting 23.25-23.55 and 23.70-24.25.

 

 

Crude futures (May 2013) on Monday made an intra‐day high of US$89.13/bbl and made an intraday low of US$87.55/bbl and settled up by 0.85% at US$88.76/bbl on session close.

Trading Strategy: Neutral

Today, weak buy is suggested on weakness towards 88.24 -- 87.87 with risk below 87.57 / reverse positions below 87.57.

 

 

EUR/USD on Monday made an intra‐day low of US$ 1.3014/EUR and made an intraday high of US$1.3083/EUR and settled the day 0.0764% down at US$1.3065/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, buying the pair above 1.3020-1.2960 targeting 1.3140 and 1.3170-1.3245 and stop-loss with four-hour closing below 1.2930.

 

 

GBP/USD on Monday made an intra‐day low of US$1.5230/GBP and made an intraday high of US$1.5290/GBP and settled the day up by 0.393% at US$1.5290/GBP on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, our opinion is selling the pair below 1.5310-1.5360 targeting 1.5280-1.5225 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5190-1.5240 targeting 1.5280-1.5310 and 1.5385-1.5450 and stop-loss with four-hour closing below 1.5180.

 

 

USD/JPY on Monday an intra‐day low of JPY98.97/USD and made an intraday high of JPY 99.87/USD and settled the day 0.571% up at JPY99.22/USD on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, buying the pair above 99.50 targeting 100.00-100.85 then 101.10 and stop-loss with four-hour closing below 98.80.

 

 

http://www.ikonmarkets.com/daily-reports/2013/04/23/

[Ajawed]

April 24, 2013

 

Gold (spot) closed down on Tuesday made its intraday high of US$1,432.91/ounce before setting intraday low of US$1,405.11/ounce. Gold went down 0.94% at US$1,413.00/ounce.

Trading Strategy: Neutral to Negative

Sell at strength at 1430-1438; targeting 1407-1395 and 1384-1374, upside breakage of 1442 will lead to 1445-1454. Buy on dips at 1405-1411 with strict stop loss below 1390 1-hourly closing; targeting 1411-1424 and 1439-1444.

 

 

Silver (spot) closed down on Tuesday made its intraday high of US$23.46/ ounce after setting intraday low of US$22.62/ounce. Silver settled 2.06% down at US$22.96/ounce.

Trading Strategy: Neutral to Negative

Short positions at 23.25-23.75 with stop above 24.00; targeting 22.70 and 22.45-22.05, upside breakout of 24.00 will open the way to 24.50-24.90 and 25.90. Buyers can buy in 22.35-22.65 with risk below 22.00 hourly closing, targeting 23.25-23.55 and 23.70-24.25.

 

 

Crude futures (May 2013) on Tuesday made an intra‐day high of US$89.60/bbl and made an intraday low of US$87.80/bbl and settled up by 0.47% at US$89.18/bbl on session close.

Trading Strategy: Neutral

Today, weak buy is suggested on weakness towards 88.24 -- 87.87 with risk below 87.57 / reverse positions below 87.57.

 

 

EUR/USD on Tuesday made an intra‐day low of US$ 1.2972/EUR and made an intraday high of US$1.3083/EUR and settled the day 0.52% down at US$1.2997/EUR on session close.

Trading Strategy: Neutral

Based on explanations above, 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 Tuesday made an intra‐day low of US$1.5195/GBP and made an intraday high of US$1.5296/GBP and settled the day down by 0.34% at US$1.5237/GBP on session close.

Trading Strategy: Neutral

Based on explanations above, our opinion is selling the pair below 1.5280-1.5310 targeting 1.5280-1.5225 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5190-1.5220 targeting 1.5280-1.5310 and 1.5385-1.5450 and stop-loss with four-hour closing below 1.5160.

 

USD/JPY on Tuesday an intra‐day low of JPY98.47/USD and made an intraday high of JPY 99.52/USD and settled the day 0.221% up at JPY99.44/USD on session close.

Trading Strategy: Neutral

Based on explanations above, buying the pair above 99.50 targeting 100.00-100.85 then 101.10 and stop-loss with four-hour closing below 98.80.

 

http://ikonmarkets.com/daily-reports/2013/04/24/

[Ajawed]

April 25, 2013

 

Gold (spot) closed up on Wednesday made its intraday high of US$1,433.38/ounce after setting intraday low of US$1,412.40/ounce. Gold went up 1.34% at US$1,413.00/ounce.

Trading Strategy: Neutral to Negative

Sell at strength at 1448-1456; targeting 1407-1395 and 1384-1374, upside breakage of 1456 will lead to 1468-1474 and 1487. Buy on dips at 1418-1428 with strict stop loss below 1403 1-hourly closing; targeting 1441-1448 and 1456-1561.

 

 

Silver (spot) closed up on Wednesday made its intraday high of US$23.38/ ounce after setting intraday low of US$22.87/ounce. Silver settled 0.99% up at US$23.19/ounce.

Trading Strategy: Neutral to Negative

Short positions at 23.25-23.75 with stop above 24.00; targeting 22.70 and 22.45-22.05, upside breakout of 24.00 will open the way to 24.50-24.90 and 25.90. Buyers can buy in 22.35-22.65 with risk below 22.00 hourly closing, targeting 23.25-23.55 and 23.70-24.25.

 

 

Crude futures (May 2013) on Wednesday made an intra‐day high of US$91.72/bbl and made an intraday low of US$89.21/bbl and settled up by 2.52% at US$91.43/bbl on session close.

Trading Strategy: Neutral

According to today’s market, we prefer to short oil below 92.20, targeting 91.45-90.70 and 90.25. Stop loss above 93.00.

 

 

EUR/USD on Wednesday made an intra‐day low of US$ 1.2952/EUR and made an intraday high of US$1.3033/EUR and settled the day 0.169% up at US$1.3014/EUR on session close.

Trading Strategy: Neutral

According to 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 Wednesday made an intra‐day low of US$1.5225/GBP and made an intraday high of US$1.5286/GBP and settled the day up by 0.21% at US$1.5267/GBP on session close.

Trading Strategy: Neutral

According to today’s market, buying the pair above 1.5190-1.5220 targeting 1.5280-1.5310 and 1.5385-1.5450 and stop-loss with four-hour closing below 1.5160.

 

 

USD/JPY on Wednesday an intra‐day low of JPY99.18/USD and made an intraday high of JPY 99.75/USD and settled the day 0.030% up at JPY99.50/USD on session close.

Trading Strategy: Neutral

According to today’s market, buying the pair above 99.50-99.10 targeting 100.00-100.85 then 101.10 and stop-loss with four-hour closing below 98.80.

 

http://www.ikonmarkets.com/daily-reports/2013/04/25/

[Ajawed]

April 26, 2013

 

Gold (spot) closed up on Thursday made its intraday high of US$1,468.90/ounce after setting intraday low of US$1,426.94/ounce. Gold went up 2.563% at US$1,467.38/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 1458-1464 with strict stop loss below 1454 1-hourly closing; targeting 1474-1480 and 1487-1494.

 

 

Silver (spot) closed up on Thursday made its intraday high of US$24.41/ ounce after setting intraday low of US$23.09/ounce. Silver settled 5.21% up at US$24.40/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

 

 

Crude futures (May 2013) on Thursday made an intra‐day high of US$93.87/bbl and made an intraday low of US$91.11/bbl and settled up by 2.42% at US$93.64/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, Sell below 93.30 / Buy above 93.30.

 

 

EUR/USD on Thursday made an intra‐day low of US$ 1.2988/EUR and made an intraday high of US$1.3092/EUR and settled the day 0.030% down at US$1.3010/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 Thursday made an intra‐day low of US$1.5263/GBP and made an intraday high of US$1.5478/GBP and settled the day up by 1.08% at US$1.5432/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is buying the pair above 1.5310-1.5385 targeting 1.5450-1.5540 and 1.5590; stop-loss with four-hour closing below 1.5225.

 

 

USD/JPY on Thursday an intra‐day low of JPY98.97/USD and made an intraday high of JPY 99.55/USD and settled the day 0.27% down at JPY99.23/USD on session close.

Trading Strategy: Neutral

Based on today’s market, Selling the pair below 99.50-99.10 targeting 98.80-98.50 then 98.05 and stop-loss with four-hour closing above 100.

 

http://www.ikonmarkets.com/daily-reports/2013/04/26/

[Ajawed]

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

Today, based on the charts and explanations above, 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 the charts and explanations above, 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 the charts and explanations above, 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 the charts and explanations above, 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.

 

http://www.ikonmarkets.com/daily-reports/2013/04/29/

[Ajawed]

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.

 

http://www.ikonmarkets.com/daily-reports/2013/04/30/