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Ikon Markets Daily Forex Analysis (July)


Ajawed

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July 1, 2013

 

Gold (spot) closed up on Friday made its intraday high of US$1235.48/ounce after setting intraday low of US$1180.57/ounce. Gold went up by 2.82% at US$1234.53/ounce.

Trading Strategy: Neutral to Sell Strength

Sell at strength at 1248-1264; targeting 1230-1218 and 1205, upside breakage of 1270 will lead to 1284-1290 and 1305-1320. Buy on dips at 1218-1205 with strict stop loss below 1195 1-hourly closing; targeting 1248-1260 and 1274-1284; break below 1195 will call for 1170-1150.

 

 

Silver (spot) closed down on Friday made its intraday high of US$19.71/ounce after setting intraday low of US$18.22/ounce. Silver settled 6.03% up at US$19.68/ounce.

Trading Strategy: Neutral to Strength

Short positions at 19.90-20.30 with stop above 20.50; targeting 19.60-19.30 and 18.90-18.50, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 18.50-18.90, targeting 19.30-19.90 and 20.10-20.50 with risk below 17.90.

 

 

Crude futures (July 2013) on Friday made an intra‐day high of US$97.82/bbl and made an intraday low of US$93.65/bbl and settled down by 0.50% at US$96.56/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, we prefer to short oil below 97.05-97.90, targeting 95.60-94.90 and 94.20-92.90. Stop loss with four-hour closing above 98.40. Buy above 92.20-92.90 targeting 93.60-94.90 and 95.70-97.05.

 

 

EUR/USD on Friday made an intra‐day low of US$1.2990/EUR and made an intraday high of US$1.3101/EUR and settled the day 0.214% down at US$1.3008/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3100-1.3190 with risk above 1.3250; targeting 1.3010-1.2950; whereas, buying can be done above 1.3000 targeting 1.3150-1.3240 and 1.3390 with stop-loss with four-hour closing below 1.2950.

 

 

GBP/USD on Friday made an intra‐day low of US$1.5164/GBP and made an intraday high of US$1.5278/GBP and settled the day down by 0.314% at US$1.5209/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5280-1.5305, targeting 1.5190-1.5105; alternatively, a break above 1.5090 might call for 1.5050—1.4950. Buying can be done 1.5105-1.5160 targeting 1.5250-1.5305; stop-loss with four-hour closing below 1.5050.

 

 

USD/JPY on Friday an intra‐day low of JPY98.32/USD and made an intraday high of JPY 99.44/USD and settled the day 0.803% up at JPY99.11/USD on session close.

Trading Strategy: Neutral

Based on today’s market, Buy above 98.50, using a stop loss of 97.20, targeting 99.80-100.50. Alternatively, break below 96.80 might call for 95.70.

 

 

http://ikonmarkets.com/daily-reports/2013/07/01/

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July 2, 2013

 

Gold (spot) closed up on Monday made its intraday high of US$1261.76/ounce after setting intraday low of US$1225.16/ounce. Gold went up by 1.536% at US$1252.06/ounce.

Trading Strategy: Neutral

Sell at strength at 1262-1270; targeting 1247-1236 and 1230-1226, upside breakage of 1274 will lead to 1284-1290 and 1305-1320. Buy on dips at 1247-1240 with strict stop loss below 1230 1-hourly closing; targeting 1260-1268 and 1274-1284; break below 1230 will call for 1218-1212 and 1205-1195.

 

 

Silver (spot) closed up on Monday made its intraday high of US$20.10/ounce after setting intraday low of US$19.62/ounce. Silver settled 0.306% up at US$19.62/ounce.

Trading Strategy: Neutral to Strength

Short positions at 19.90-20.30 with stop above 20.50; targeting 19.60-19.30 and 18.90-18.50, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 18.50-18.90, targeting 19.30-19.90 and 20.10-20.50 with risk below 17.90.

 

 

Crude futures (July 2013) on Monday made an intra‐day high of US$98.25/bbl and made an intraday low of US$96.04/bbl and settled down by 1.596% at US$98.03/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, we prefer to short oil below 98.40-99.20, targeting 97.05-96.40 and 95.60-94.90. Stop loss with four-hour closing above 99.60. Buy above 95.70-97.05 targeting 98.40-98.90 and 99.60.

 

 

EUR/USD on Monday made an intra‐day low of US$1.3004/EUR and made an intraday high of US$1.3065/EUR and settled the day 0.384% down at US$1.3062/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3100-1.3190 with risk above 1.3250; targeting 1.3010-1.2950; whereas, buying can be done above 1.3000 targeting 1.3150-1.3240 and 1.3390 with stop-loss with four-hour closing below 1.2950.

 

 

GBP/USD on Monday made an intra‐day low of US$1.5182/GBP and made an intraday high of US$1.5247/GBP and settled the day down by 0.098% at US$1.5214/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5280-1.5305, targeting 1.5190-1.5105; alternatively, a break above 1.5090 might call for 1.5050—1.4950. Buying can be done 1.5105-1.5160 targeting 1.5250-1.5305; stop-loss with four-hour closing below 1.5050.

 

 

USD/JPY on Monday an intra‐day low of JPY99.16/USD and made an intraday high of JPY 99.85/USD and settled the day 0.423% up at JPY99.63/USD on session close.

Trading Strategy: Neutral

Based on today’s market, Buy above 98.50, using a stop loss of 97.20, targeting 99.80-100.50. Alternatively, break below 96.80 might call for 95.70.

 

 

http://ikonmarkets.com/daily-reports/2013/07/02/

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July 3, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1267.32/ounce before setting intraday low of US$1239.45/ounce. Gold went down by 0.836% at US$1242.86/ounce.

Trading Strategy: Neutral

Sell at strength at 1248-1260; targeting 1247-1236 and 1230-1226, upside breakage of 1270 will lead to 1274-1278 and 1284-1290. Buy on dips at 1230-1237 with strict stop loss below 1226 1-hourly closing; targeting 1260-1268 and 1274-1284; break below 1230 will call for 1218-1212 and 1205-1195.

 

 

Silver (spot) closed down on Tuesday made its intraday high of US$19.82/ounce after setting intraday low of US$19.25/ounce. Silver settled 1.179% down at US$19.38/ounce.

Trading Strategy: Neutral to Strength

Short positions at 19.70-20.10 with stop above 20.50; targeting 19.60-19.30 and 18.90-18.50, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 18.90-19.10, targeting 19.30-19.90 and 20.10-20.50 with risk below 18.50.

 

 

Crude futures (July 2013) on Tuesday made an intra‐day high of US$99.84/bbl and made an intraday low of US$97.75/bbl and settled up by 1.601% at US$99.59/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, we prefer to buy above 99.80, using a stop loss of 98.90, targeting 102.20-103.10; alternatively, break below 98.90 might call for 97.30.

 

 

EUR/USD on Tuesday made an intra‐day low of US$1.2962/EUR and made an intraday high of US$1.3077/EUR and settled the day 0.650% down at US$1.2977/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3060-1.3100 with risk above 1.3190; targeting 1.2950-1.2890; alternatively, break above 1.3180 might call for 1.3280. Buying can be done above 1.2890-1.2960 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2820.

 

 

GBP/USD on Tuesday made an intra‐day low of US$1.5135/GBP and made an intraday high of US$1.5236/GBP and settled the day down by 0.394% at US$1.5153/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5250-1.5305, targeting 1.5190-1.5105; alternatively, a break above 1.5090 might call for 1.5050—1.4950. Buying can be done 1.5105 targeting 1.5250-1.5305; stop-loss with four-hour closing below 1.5050.

 

 

USD/JPY on Tuesday an intra‐day low of JPY99.50/USD and made an intraday high of JPY 100.71/USD and settled the day 0.983% up at JPY100.61/USD on session close.

Trading Strategy: Neutral

Based on today’s market, Buy above 99.80-100.50, using a stop loss of 98.50, targeting 101.50-102.00 and 102.40. Alternatively, break below 98.50 might call for 97.20-96.30.

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July 4, 2013

 

Gold (spot) closed up on Wednesday made its intraday high of US$1259.90/ounce after setting intraday low of US$1236.61/ounce. Gold went up by 0.782% at US$1252.51/ounce.

Trading Strategy: Neutral

Sell at strength at 1258-1269; targeting 1247-1236 and 1230-1226, upside breakage of 1278 will lead to 1284--1290. Buy on dips at 1230-1237 with strict stop loss below 1226 1-hourly closing; targeting 1260-1268 and 1274-1284; break below 1230 will call for 1218-1212 and 1205-1195.

 

 

Silver (spot) closed down on Wednesday made its intraday high of US$19.92/ounce after setting intraday low of US$19.35/ounce. Silver settled 2.11% up at US$19.76/ounce.

Trading Strategy: Neutral

Short positions at 19.70-20.20 with stop above 20.70; targeting 19.60-19.30 and 18.90-18.50, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 18.90-19.40, targeting 19.30-19.90 and 20.10-20.50 with risk below 18.50.

 

 

Crude futures (July 2013) on Wednesday made an intraday high of US$102.16/bbl and made an intraday low of US$99.57/bbl and settled up by 1.496% at US$99.57/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, we prefer to sell in 101.90-102.50 with risk above 103.20, targeting 100.50-99.80 and 99.20-98.40. Buy above 99.80, using a stop loss of 98.90, targeting 102.20-103.10; alternatively, break below 98.90 might call for 97.30.

 

 

EUR/USD on Wednesday made an intraday low of US$1.2922/EUR and made an intraday high of US$1.3031/EUR and settled the day 0.238% up at US$1.3008/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3050-1.3100 with risk above 1.3190; targeting 1.2950-1.2890; alternatively, break above 1.3180 might call for 1.3280. Buying can be done above 1.2890-1.2960 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2820.

 

 

GBP/USD on Wednesday made an intraday low of US$1.5128/GBP and made an intraday high of US$1.5303/GBP and settled the day down by 0.884% at US$1.5277/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5280-1.5305, targeting 1.5190-1.5105. Buying can be done 1.5190-1.5105 targeting 1.5250-1.5305 and 1.5390; stop-loss with four-hour closing below 1.5050. Alternatively, a break above 1.5050 might call for 1.4950-1.4900.

 

 

USD/JPY on Wednesday an intraday low of JPY99.24/USD and made an intraday high of JPY 100.84/USD and settled the day 0.725% down at JPY100.61/USD on session close.

Trading Strategy: Neutral

Based on today’s market, Buy above 99.40-98.70, using a stop loss of 98.30, targeting 101.50-102.00 and 102.40. Alternatively, break below 98.30 might call for 97.20-96.30.

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July 5, 2013

 

Gold (spot) closed up on Thursday made its intraday high of US$1257.89/ounce after setting intraday low of US$1244.78/ounce. Gold went down by 0.251% at US$1249.65/ounce.

Trading Strategy: Neutral

Sell at strength at 1246-1260; targeting 1247-1236 and 1230-1226, upside breakage of 1270 will lead to 1278-1284 and 1290. Buy on dips at 1230-1237 with strict stop loss below 1222 1-hourly closing; targeting 1260-1268 and 1274-1284; break below 1222 will call for 1218-1212 and 1205-1195.

 

 

Silver (spot) closed down on Thursday made its intraday high of US$19.86/ounce after setting intraday low of US$19.41/ounce. Silver settled 0.962% down at US$19.56/ounce.

Trading Strategy: Neutral

Short positions at 19.40-19.95 with stop above 20.20; targeting 19.20-18.90 and 18.50-17.90, upside breakout of 20.20 will open the way to 20.50-20.90 and 21.30-21.90. Buyers can buy above 18.90-19.20, targeting 19.40-19.90 and 20.10-20.50 with risk below 18.50.

 

 

Crude futures (July 2013) on Thursday made an intra‐day high of US$101.46/bbl and made an intraday low of US$100.68/bbl and settled down by 0.059% at US$101.03/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, we prefer to sell in 101.90-102.50 with risk above 103.20, targeting 100.50-99.80 and 99.20-98.40. Buy above 99.80, using a stop loss of 98.90, targeting 102.20-103.10; alternatively, break below 98.90 might call for 97.30.

 

 

EUR/USD on Thursday made an intra‐day low of US$1.2882/EUR and made an intraday high of US$1.3022/EUR and settled the day 0.738% down at US$1.2912/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.2970-1.3040 with risk above 1.3100; targeting 1.2890-1.2850 and 1.2800; alternatively, break above 1.3100 might call for 1.3180-1.3280. Buying can be done above 1.2810-1.2840 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2750.

 

 

GBP/USD on Thursday made an intra‐day low of US$1.5054/GBP and made an intraday high of US$1.5287/GBP and settled the day down by 1.361% at US$1.5069/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5105-1.5140, targeting 1.5000-1.4950. Buying can be done 1.4950-1.5005 targeting 1.5105-1.5140; stop-loss with four-hour closing below 1.4895. Alternatively, a break below 1.4895 might call for 1.4850-1.4800.

 

 

USD/JPY on Thursday an intra‐day low of JPY99.48/USD and made an intraday high of JPY 100.15/USD and settled the day 0.123% up at JPY100.01/USD on session close.

Trading Strategy: Neutral

Based on today’s market, Buy above 99.40-98.70, using a stop loss of 98.30, targeting 101.50-102.00 and 102.40. Alternatively, break below 98.30 might call for 97.20-96.30.

 

 

http://www.ikonmarkets.com/daily-reports/2013/07/05/

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July 8, 2013

 

Gold (spot) closed down on Friday made its intraday high of US$1250.57/ounce before setting intraday low of US$1208.07/ounce. Gold went down by 2.144% at US$1222.63/ounce.

Trading Strategy: Neutral

Sell at strength at 1226-1237; targeting 1208-1200 and 1194-1180, upside breakage of 1254 will lead to 1260-1269 and 1278-1284. Buy on dips at 1180-1194 with strict stop loss below 1173 1-hourly closing; targeting 1226-1237 and 1242-1254; break below 1174 will call for 1150-1105.

 

 

Silver (spot) closed down on Friday made its intraday high of US$19.61/ounce after setting intraday low of US$18.70/ounce. Silver settled 3.272% down at US$18.90/ounce.

Trading Strategy: Neutral

Short positions at 19.05-19.60 with stop above 19.95; targeting 18.70-18.50 and 17.90, upside breakout of 19.95 will open the way to 20.20-20.50 and 20.90-21.30. Buyers can buy above 18.20-18.50, targeting 19.20-19.60 and 19.90-20.10 with risk below 17.90.

 

 

Crude futures (July 2013) on Friday made an intra‐day high of US$103.46/bbl and made an intraday low of US$100.88/bbl and settled up by 2.32% at US$103.45/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, we prefer to sell in 103.80-104.80 with risk above 105.00, targeting 102.60-101.30 and 100.50-99.20. Buy above 101.90-102.60, using a stop loss of 101.30, targeting 102.20-103.10; alternatively, break below 101.30 might call for 100.50-99.80 and 99.20.

 

 

EUR/USD on Friday made an intra‐day low of US$1.2805/EUR and made an intraday high of US$1.2916/EUR and settled the day 0.650% down at US$1.2828/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.2890-1.2970 with risk above 1.3050; targeting 1.2800-1.2750 and 1.2680; alternatively, break above 1.3050 might call for 1.3050-1.3100 and 1.3180-1.3280. Buying can be done above 1.2790-1.2820 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2750.

 

 

GBP/USD on Friday made an intra‐day low of US$1.4856/GBP and made an intraday high of US$1.5007/GBP and settled the day down by 1.234% at US$1.4883/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.4950-1.5005, targeting 1.4830-1.4765 and 1.4690. Buying can be done 1.4830-1.4860 targeting 1.4950-1.5005 and 1.5105-1.5140; stop-loss with four-hour closing below 1.4800. Alternatively, a break below 1.4800 might call for 1.4765-1.4690.

 

 

USD/JPY on Friday an intra‐day low of JPY99.88/USD and made an intraday high of JPY 101.22/USD and settled the day 1.669% up at JPY101.17/USD on session close.

Trading Strategy: Neutral

Based on today’s market, Buy above 100.20-99.40, using a stop loss of 99.20, targeting 101.50-102.00 and 102.40. Alternatively, break below 99.20 might call for 98.70-98.30 and 97.20-96.30.

 

 

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

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July 9, 2013

 

Gold (spot) closed up on Monday made its intraday high of US$1238.62/ounce after setting intraday low of US$1215.65/ounce. Gold went up by 1.162% at US$1236.50/ounce.

Trading Strategy: Neutral to Sell on Strength

Sell at strength at 1254-1269; targeting 1242-1236 and 1226-1215, upside breakage of 1274 will lead to 1278-1284 and 1290. Buy on dips at 1218-1226 with strict stop loss below 1205 1-hourly closing; targeting 1226-1237 and 1242-1254; break below 1205 will call for 1194-1180.

 

 

Silver (spot) closed up on Monday made its intraday high of US$19.29/ounce after setting intraday low of US$18.71/ounce. Silver settled 1.22% up at US$19.08/ounce.

Trading Strategy: Neutral to Sell on Strength

Short positions at 19.40-19.60 with stop above 19.95; targeting 19.10-18.70 and 18.50-17.90, upside breakout of 19.95 will open the way to 20.20-20.50 and 20.90-21.30. Buyers can buy above 18.70-19.05, targeting 19.20-19.60 and 19.90-20.10 with risk below 18.20.

 

Crude futures (July 2013) on Monday made an intra‐day high of US$104.00/bbl and made an intraday low of US$102.11/bbl and settled down by 0.67% at US$103.02/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, we prefer to sell in 103.80-104.80 with risk above 105.00, targeting 102.60-101.30 and 100.50-99.20. Buy above 101.90-102.60, using a stop loss of 101.30, targeting 102.20-103.10; alternatively, break below 101.30 might call for 100.50-99.80 and 99.20.

 

 

EUR/USD on Monday made an intra‐day low of US$1.2810/EUR and made an intraday high of US$1.2881/EUR and settled the day 0.465% up at US$1.2869/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.2890-1.2970 with risk above 1.3050; targeting 1.2800-1.2750 and 1.2680; alternatively, break above 1.3050 might call for 1.3050-1.3100 and 1.3180-1.3280. Buying can be done above 1.2790-1.2820 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2750.

 

 

GBP/USD on Monday made an intra‐day low of US$1.4857/GBP and made an intraday high of US$1.4965/GBP and settled the day up by 0.531% at US$1.4949/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.4950-1.5005, targeting 1.4830-1.4765 and 1.4690. Buying can be done 1.4830-1.4860 targeting 1.4950-1.5005 and 1.5105-1.5140; stop-loss with four-hour closing below 1.4800. Alternatively, a break below 1.4800 might call for 1.4765-1.4690.

 

USD/JPY on Monday an intra‐day low of JPY100.76/USD and made an intraday high of JPY 101.23/USD and settled the day 0.197% up at JPY100.95/USD on session close.

Trading Strategy: Neutral

Based on today’s market, buy above 100.20-99.40, using a stop loss of 99.20, targeting 101.50-102.00 and 102.40. Alternatively, break below 99.20 might call for 98.70-98.30 and 97.20-96.30.

 

 

http://ikonmarkets.com/daily-reports/2013/07/09/

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July 10, 2013

 

Gold (spot) closed up on Tuesday made its intraday high of US$1,260.19/ounce after setting intraday low of US$1,233.42/ounce. Gold went up by 1.17% at US$1,251.03/ounce.

Trading Strategy: Neutral to Sell on Strength

Sell at strength at 1254-1269; targeting 1242-1236 and 1226-1215, upside breakage of 1274 will lead to 1278-1284 and 1290. Buy on dips at 1218-1226 with strict stop loss below 1205 1-hourly closing; targeting 1226-1237 and 1242-1254; break below 1205 will call for 1194-1180.

 

 

Silver (spot) closed up on Tuesday made its intraday high of US$19.50/ounce after setting intraday low of US$18.99/ounce. Silver settled 1.05% up at US$19.28/ounce.

Trading Strategy: Neutral to Sell on Strength

Short positions at 19.30-19.60 with stop above 19.95; targeting 19.10-18.70 and 18.50-17.90, upside breakout of 19.95 will open the way to 20.20-20.50 and 20.90-21.30. Buyers can buy above 18.70-19.05, targeting 19.20-19.60 and 19.90-20.10 with risk below 18.20.

 

Crude futures (July 2013) on Tuesday made an intra‐day high of US$104.73/bbl and made an intraday low of US$102.28/bbl and settled up by 1.47% at US$104.49/bbl on session close.

Trading Strategy: Neutral

Based on today’s chart, we prefer to sell in 104.60-105.00 with risk above 105.20, targeting 102.60-101.30 and 100.50-99.20. Buy above 101.90-102.60, using a stop loss of 101.30, targeting 102.20-103.10; alternatively, break below 101.30 might call for 100.50-99.80 and 99.20.

 

 

EUR/USD on Tuesday made an intra‐day low of US$1.2754/EUR and made an intraday high of US$1.2897/EUR and settled the day 0.707% down at US$1.2779/EUR on session close.

Trading Strategy: Neutral

Based on today’s chart, selling the pair 1.2890-1.2970 with risk above 1.3050; targeting 1.2800-1.2750 and 1.2680; alternatively, break above 1.3050 might call for 1.3050-1.3100 and 1.3180-1.3280. Buying can be done above 1.2750-1.2790 targeting 1.3050-1.3100 and 1.3150-1.3240 with stop-loss with four-hour closing below 1.2700.

 

 

GBP/USD on Tuesday made an intra‐day low of US$1.4812/GBP and made an intraday high of US$1.4979/GBP and settled the day down by 1.697% at US$1.4865/GBP on session close.

Trading Strategy: Neutral

Based on today’s chart, sell below 1.4950-1.5005, targeting 1.4830-1.4765 and 1.4690. Buying can be done 1.4830-1.4860 targeting 1.4950-1.5005 and 1.5105-1.5140; stop-loss with four-hour closing below 1.4800. Alternatively, a break below 1.4800 might call for 1.4765-1.4690.

 

 

USD/JPY on Tuesday an intra‐day low of JPY100.76/USD and made an intraday high of JPY 101.29/USD and settled the day 0.197% up at JPY101.13/USD on session close.

Trading Strategy: Neutral

Based on today’s chart, buy above 100.20-99.40, using a stop loss of 99.20, targeting 101.50-102.00 and 102.40. Alternatively, break below 99.20 might call for 98.70-98.30 and 97.20-96.30.

 

 

http://www.ikonmarkets.com/daily-reports/2013/07/10/

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July 12, 2013

 

Gold (spot) closed up on Thursday made its intraday high of US$1,298.78/ounce after setting intraday low of US$1,264.34/ounce. Gold went up by 1.538% at US$1,285.62/ounce.

Trading Strategy: Neutral

Sell at strength at 1285-1298; targeting 1280-1274 and 1265-1254, upside breakage of 1305 will lead to 1317-1320 and 1330. Buy on dips at 1266-1274 with strict stop loss below 1262 1-hourly closing; targeting 1298-1305 and 1315-1324; break below 1262 will call for 1254-1248 and 1242-1237.

 

 

Silver (spot) closed up on Thursday made its intraday high of US$20.27/ounce after setting intraday low of US$19.48/ounce. Silver settled 3.125% up at US$20.13/ounce.

Trading Strategy: Neutral

Short positions at 20.10-20.60 with stop above 21.00; targeting 19.90-19.40 and 19.10-18.70, upside breakout of 21.30 will open the way to 21.60-22.40. Buyers can buy above 19.10-19.40, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.90.

 

 

Crude futures (July 2013) on Thursday made an intra‐day high of US$107.42/bbl and made an intraday low of US$104.28/bbl and settled down by 1.479% at US$104.56/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, Buy above 104.20-103.60, using a stop loss of 102.60, targeting 105.50-106.30 and 107.50-108.60; alternatively, break below 102.60 might call for 103.70-103.20 and 102.60.

 

 

EUR/USD on Thursday made an intra‐day low of US$1.2961/EUR and made an intraday high of US$1.3205/EUR and settled the day 0.924% up at US$1.3095/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3090-1.3190 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3005-1.3050 targeting 1.3150-1.3240 with stop-loss with four-hour closing below 1.2990.

 

 

GBP/USD on Thursday made an intra‐day low of US$1.4996/GBP and made an intraday high of US$1.5220/GBP and settled the day down by 1.139% at US$1.5182/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5190-1.5260, targeting 1.5001-1.4860 and 1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.

 

 

USD/JPY on Thursday an intra‐day low of JPY98.25/USD and made an intraday high of JPY 99.89/USD and settled the day 0.722% down at JPY98.94/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 99.50-99.90 targeting 98.20-97.60 and 97.05 and stop-loss with four-hour closing above 101.20. Buy above 98.50-97.60, using a stop loss of 96.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/12/

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July 15, 2013

 

Gold (spot) closed down on Friday made its intraday high of US$1,288.47/ounce after setting intraday low of US$1,267.72/ounce. Gold went down by 0.816% at US$1,285.00/ounce.

Trading Strategy: Neutral

Sell at strength at 1289-1298; targeting 1280-1274 and 1265-1254, upside breakage of 1305 will lead to 1317-1320 and 1330. Buy on dips at 1266-1274 with strict stop loss below 1262 1-hourly closing; targeting 1298-1305 and 1315-1324; break below 1262 will call for 1254-1248 and 1242-1237.

 

 

Silver (spot) closed down on Friday made its intraday high of US$20.22/ounce after setting intraday low of US$19.65/ounce. Silver settled 1.09% down at US$19.92/ounce.

Trading Strategy: Neutral

Short positions at 20.05-20.60 with stop above 21.00; targeting 19.90-19.40 and 19.10-18.70, upside breakout of 21.30 will open the way to 21.60-22.40. Buyers can buy above 19.10-19.40, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.90.

 

 

Crude futures (July 2013) on Friday made an intra‐day high of US$106.17/bbl and made an intraday low of US$104.34/bbl and settled up by 1.520% at US$104.56/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 106.90-107.50 with risk above 108.60; targeting 105.90-105.30 and 10.430-103.60. Buy above 105.30-104.20, using a stop loss of 103.60, targeting 105.50-106.30 and 107.50-108.60; alternatively, break below 103.60 might call for 103.20 and 102.60.

 

 

EUR/USD on Friday made an intra‐day low of US$1.2998/EUR and made an intraday high of US$1.3099/EUR and settled the day 0.229% up at US$1.3065/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3090-1.3190 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3005-1.3050 targeting 1.3150-1.3240 with stop-loss with four-hour closing below 1.2990.

 

 

GBP/USD on Friday made an intra‐day low of US$1.5075/GBP and made an intraday high of US$1.5187/GBP and settled the day down by 0.572% at US$1.5104/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5120-1.5190, targeting 1.5040-1.4960 and 1.4860-1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.

 

 

USD/JPY on Friday an intra‐day low of JPY98.66/USD and made an intraday high of JPY 99.68/USD and settled the day 0.254% up at JPY99.18/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 99.50-99.90 targeting 98.20-97.60 and 97.05 and stop-loss with four-hour closing above 101.20. Buy above 98.50-97.60, using a stop loss of 96.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/15/

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July 16, 2013

 

Gold (spot) closed down on Monday made its intraday high of US$1,294.74/ounce after setting intraday low of US$1,273.85/ounce. Gold went down by 0.054% at US$1,284.22/ounce.

Trading Strategy: Neutral

Sell at strength at 1285-1294; targeting 1277-1274 and 1266-1254, upside breakage of 1305 will lead to 1317-1320 and 1330. Buy on dips at 1266-1274 with strict stop loss below 1262 1-hourly closing; targeting 1298-1305 and 1315-1324; break below 1262 will call for 1254-1248 and 1242-1237.

 

 

Silver (spot) closed up on Monday made its intraday high of US$20.16/ounce after setting intraday low of US$19.57/ounce. Silver settled 0.453% up at US$19.95/ounce.

Trading Strategy: Neutral

Short positions at 20.05-20.60 with stop above 21.00; targeting 19.90-19.40 and 19.10-18.70, upside breakout of 21.30 will open the way to 21.60-22.40. Buyers can buy above 19.10-19.40, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.90.

 

 

Crude futures (July 2013) on Monday made an intra‐day high of US$106.61/bbl and made an intraday low of US$104.63/bbl and settled up by 0.386% at US$106.44/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 106.90-107.50 with risk above 108.60; targeting 105.90-105.30 and 10.430-103.60. Buy above 105.30-104.20, using a stop loss of 103.60, targeting 105.50-106.30 and 107.50-108.60; alternatively, break below 103.60 might call for 103.20 and 102.60.

 

 

EUR/USD on Monday made an intra‐day low of US$1.2992/EUR and made an intraday high of US$1.3060/EUR and settled the day 0.114% down at US$1.3060/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3110-1.3190 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3005-1.3050 targeting 1.3150-1.3240 with stop-loss with four-hour closing below 1.2990.

 

 

GBP/USD on Monday made an intra‐day low of US$1.5026/GBP and made an intraday high of US$1.5127/GBP and settled the day down by 0.105% at US$1.5097/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5140-1.5190, targeting 1.5040-1.4960 and 1.4860-1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.

 

 

USD/JPY on Monday an intra‐day low of JPY99.05/USD and made an intraday high of JPY 100.47/USD and settled the day 0.513% up at JPY99.84/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 99.50-99.90 targeting 98.20-97.60 and 97.05 and stop-loss with four-hour closing above 101.20. Buy above 98.50-97.60, using a stop loss of 96.90, targeting 101.50-102.00 and 102.40.

 

 

http://www.ikonmarkets.com/daily-reports/2013/07/16/

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July 17, 2013

 

Gold (spot) closed up on Tuesday made its intraday high of US$1,295.38/ounce after setting intraday low of US$1,277.00/ounce. Gold went up by 0.679% at US$1,291.52/ounce.

Trading Strategy: Neutral

Sell at strength at 1294-1303; targeting 1282-1274 and 1266-1254, upside breakage of 1305 will lead to 1315-1320 and 1330. Buy on dips at 1266-1274 with strict stop loss below 1262 1-hourly closing; targeting 1298-1305 and 1315-1324; break below 1262 will call for 1254-1248 and 1242-1237.

 

 

Silver (spot) closed up on Tuesday made its intraday high of US$20.06/ounce after setting intraday low of US$19.68/ounce. Silver settled 0.351% up at US$19.99/ounce.

Trading Strategy: Neutral

Short positions at 20.05-20.60 with stop above 21.00; targeting 19.90-19.40 and 19.10-18.70, upside breakout of 21.30 will open the way to 21.60-22.40. Buyers can buy above 19.10-19.40, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.90.

 

 

Crude futures (July 2013) on Tuesday made an intra‐day high of US$107.12/bbl and made an intraday low of US$105.63/bbl and settled down by 0.601% at US$105.76/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 106.90-107.50 with risk above 108.60; targeting 105.90-105.30 and 10.430-103.60. Buy above 105.30-104.20, using a stop loss of 103.60, targeting 105.50-106.30 and 107.50-108.60; alternatively, break below 103.60 might call for 103.20 and 102.60.

 

 

EUR/USD on Monday made an intra‐day low of US$1.2992/EUR and made an intraday high of US$1.3060/EUR and settled the day 0.114% down at US$1.3060/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3150-1.3190 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3005-1.3050 targeting 1.3150-1.3240 with stop-loss with four-hour closing below 1.2990.

 

 

GBP/USD on Tuesday made an intra‐day low of US$1.5043/GBP and made an intraday high of US$1.5168/GBP and settled the day up by 0.404% at US$1.5157/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5140-1.5190, targeting 1.5040-1.4960 and 1.4860-1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.

 

 

USD/JPY on Monday an intra‐day low of JPY99.05/USD and made an intraday high of JPY 100.47/USD and settled the day 0.513% up at JPY99.84/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 99.50-100.50 targeting 98.20-97.60 and 97.05 and stop-loss with four-hour closing above 101.20. Buy above 98.50-97.60, using a stop loss of 96.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/17/

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July 18, 2013

 

Gold (spot) closed down on Wednesday made its intraday high of US$1,300.53/ounce before setting intraday low of US$1,270.06/ounce. Gold went down by 1.271% at US$1,275.42/ounce.

Trading Strategy: Neutral

Sell at strength at 1280-1288; targeting 1282-1274 and 1266-1254, upside breakage of 1303 will lead to 1315-1320 and 1330. Buy on dips at 1260-1270 with strict stop loss below 1260 1-hourly closing; targeting 1282-1290 and 1296-1305; break below 1260 will call for 1254-1248 and 1242-1237.

 

 

Silver (spot) closed down on Wednesday made its intraday high of US$20.16/ounce before setting intraday low of US$19.28/ounce. Silver settled 3.351% down at US$19.49/ounce.

Trading Strategy: Neutral

Short positions at 19.70-20.30 with stop above 21.00; targeting 19.40-19.10 and 18.70-18.40, upside breakout of 21.00 will open the way to 21.60-22.40. Buyers can buy above 18.70-19.20, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.40.

 

 

Crude futures (July 2013) on Wednesday made an intra‐day high of US$106.57/bbl and made an intraday low of US$105.09/bbl and settled up by 0.756% at US$106.55/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 106.90-107.50 with risk above 108.60; targeting 105.90-105.30 and 10.430-103.60. Buy above 105.30-104.20, using a stop loss of 103.60, targeting 105.50-106.30 and 107.50-108.60; alternatively, break below 103.60 might call for 103.20 and 102.60.

 

 

EUR/USD on Wednesday made an intra‐day low of US$1.3082/EUR and made an intraday high of US$1.3177/EUR and settled the day 0.288% down at US$1.3123/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3150-1.3190 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3025-1.3075 targeting 1.3150-1.3240 with stop-loss with four-hour closing below 1.2990.

 

 

GBP/USD on Wednesday made an intra‐day low of US$1.5077/GBP and made an intraday high of US$1.5266/GBP and settled the day up by 0.349% at US$1.5210/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5140-1.5190, targeting 1.5040-1.4960 and 1.4860-1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.

 

 

USD/JPY on Wednesday an intra‐day low of JPY98.03/USD and made an intraday high of JPY 99.93/USD and settled the day 0.484% up at JPY99.56/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 100.20-100.50 targeting 98.20-97.60 and 97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40-99.90, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/18/

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July 19, 2013

 

Gold (spot) closed up on Thursday made its intraday high of US$1,288.45/ounce before setting intraday low of US$1,274.08/ounce. Gold went up by 0.682% at US$1,283.74/ounce.

Trading Strategy: Neutral

Sell at strength at 1294-1300; targeting 1282-1274 and 1266-1254, upside breakage of 1305 will lead to 1315-1320 and 1330. Buy on dips at 1260-1270 with strict stop loss below 1260 1-hourly closing; targeting 1290 and 1296-1305; break below 1260 will call for 1254-1248 and 1242-1237.

 

 

Silver (spot) closed up on Thursday made its intraday high of US$19.59/ounce before setting intraday low of US$19.24/ounce. Silver settled 0.51% up at US$19.37/ounce.

Trading Strategy: Neutral

Short positions at 19.70-20.05 with stop above 20.30; targeting 19.40-19.10 and 18.70-18.40, upside breakout of 20.30 will open the way to 20.80-21.20 and 21.60-22.40. Buyers can buy above 18.70-19.20, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.40.

 

 

Crude futures (July 2013) on Thursday made an intra‐day high of US$108.40/bbl and made an intraday low of US$106.10/bbl and settled up by 1.558% at US$108.20/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 108.60 with risk above 109.90; targeting 107.30-106.30 and 105.90-105.30. Buy above 105.30-106.30, using a stop loss of 104.20, targeting 107.50-108.60 and 109.90; alternatively, break below 104.30 might call for 103.20 and 102.60.

 

 

EUR/USD on Thursday made an intra‐day low of US$1.3065/EUR and made an intraday high of US$1.3126/EUR and settled the day 0.144% down at US$1.3108/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3150-1.3190 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3025-1.3075 targeting 1.3150-1.3240 with stop-loss with four-hour closing below 1.2990.

 

 

GBP/USD on Thursday made an intra‐day low of US$1.5156/GBP and made an intraday high of US$1.5224/GBP and settled the day up by 0.092% at US$1.5224/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5140-1.5190, targeting 1.5040-1.4960 and 1.4860-1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.

 

 

USD/JPY on Thursday an intra‐day low of JPY99.45/USD and made an intraday high of JPY 100.64/USD and settled the day 0.838% up at JPY100.40/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 100.20-100.50 targeting 98.20-97.60 and 97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40-99.90, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/19/

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July 22, 2013

 

Gold (spot) closed up on Friday made its intraday high of US$1,297.76/ounce after setting intraday low of US$1,282.28/ounce. Gold went up by 0.932% at US$1,295.45/ounce.

Trading Strategy: Neutral

Sell at strength at 1322-1331; targeting 1282-1274 and 1266-1254, upside breakage of 1335 will lead to 1346-1364. Buy on dips at 1302-1290 with strict stop loss below 1282 1-hourly closing; targeting 1320-1330 and 1337-1346; break below 1282 will call for 1274-1266 and 1260-1254.

 

 

Silver (spot) closed up on Friday made its intraday high of US$19.61/ounce before setting intraday low of US$19.61/ounce. Silver settled 0.619% up at US$19.49/ounce.

Trading Strategy: Neutral

Short positions at 20.05-20.30 with stop above 20.50; targeting 19.40-19.10 and 18.70-18.40, upside breakout of 20.50 will open the way to 20.90-21.20 and 21.60-22.40. Buyers can buy above 19.40-19.70, targeting 19.90-20.30 and 20.80-21.30 with risk below 18.90.

 

 

Crude futures (July 2013) on Friday made an intra‐day high of US$109.30/bbl and made an intraday low of US$107.46/bbl and settled up by 0.286% at US$108.40/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 108.90-109.50 with risk above 110.10; targeting 107.30-106.30 and 105.90-105.30. Buy above 106.30-106.90, using a stop loss of 105.30, targeting 107.50-108.60 and 109.90; alternatively, break below 105.30 might call for 104.30-103.20 and 102.60.

 

 

EUR/USD on Friday made an intra‐day low of US$1.3088/EUR and made an intraday high of US$1.3153/EUR and settled the day 0.251% up at US$1.3141/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3190-1.3220 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3075-1.3120 targeting 1.3150-1.3240 and 1.3320 with stop-loss with four-hour closing below 1.3030.

 

 

GBP/USD on Friday made an intra‐day low of US$1.5156/GBP and made an intraday high of US$1.5281/GBP and settled the day up by 0.256% at US$1.5263/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5140-1.5190, targeting 1.5040-1.4960 and 1.4860-1.4765. Buying can be done 1.5040-1.4960 targeting 1.5105-1.5140 and 1.5240-1.5310; stop-loss with four-hour closing below 1.4950. Alternatively, a break below 1.4950 might call for 1.4890-1.4765.

 

 

USD/JPY on Friday an intra‐day low of JPY99.79/USD and made an intraday high of JPY 100.85/USD and settled the day 0.229% up at JPY100.61/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 101.20-101.50 targeting 99.940-98.20 and 97.60-97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40-99.90, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/22/

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July 23, 2013

 

Gold (spot) closed up on Monday made its intraday high of US$1,339.20/ounce after setting intraday low of US$1,295.86/ounce. Gold went up by 2.987% at US$1,335.32/ounce.

Trading Strategy: Neutral

Sell at strength at 1337-1346; targeting 1326-1315 and 1309-1302, upside breakage of 1352 will lead to 1364-1374. Buy on dips at 1309-13 with strict stop loss below 1296 1-hourly closing; targeting 1320-1330 and 1337-1346; break below 1296 will call for 1288-1282 and 1274-1266.

 

 

Silver (spot) closed up on Monday made its intraday high of US$20.60/ounce after setting intraday low of US$19.50/ounce. Silver settled 5.28% up at US$20.53/ounce.

Trading Strategy: Neutral

Short positions at 20.60-20.90 with stop above 21.30; targeting 20.05-19.70 and 19.40-19.10, upside breakout of 20.90 will open the way to 21.20-21.60. Buyers can buy above 19.90-20.05, targeting 20.30-20.60 and 20.80-21.30 with risk below 19.60.

 

 

Crude futures (July 2013) on Monday made an intra‐day high of US$105.58/bbl and made an intraday low of US$106.49/bbl and settled down by 1.027% at US$106.49/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 107.50-108.90 with risk above 109.90; targeting 106.30-105.90 and 105.30-104.20. Buy above 106.30-105.90 using a stop loss of 105.30, targeting 107.50-108.60 and 109.90; alternatively, break below 105.30 might call for 104.30-103.20 and 102.60.

 

 

EUR/USD on Monday made an intra‐day low of US$1.3133/EUR and made an intraday high of US$1.3217/EUR and settled the day 0.380% up at US$1.3183/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3190-1.3220 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3075-1.3120 targeting 1.3150-1.3240 and 1.3320 with stop-loss with four-hour closing below 1.3030.

 

 

GBP/USD on Monday made an intra‐day low of US$1.5256/GBP and made an intraday high of US$1.5383/GBP and settled the day up by 0.596% at US$1.5357/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5400-1.5490, targeting 1.5290-1.5240 and 1.5150-1.5070. Buying can be done 1.5290-1.5240 targeting 1.5360-1.5400 and 1.5535; stop-loss with four-hour closing below 1.5190. Alternatively, a break below 1.5190 might call for 1.5150-1.5070.

 

 

USD/JPY on Monday an intra‐day low of JPY99.64/USD and made an intraday high of JPY 100.61/USD and settled the day 0.788% down at JPY99.64/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 101.20-101.50 targeting 99.940-98.20 and 97.60-97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40-99.90, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/23/

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July 24, 2013

 

 

Gold (spot) closed up on Tuesday made its intraday high of US$1,346.59/ounce after setting intraday low of US$1,326.61/ounce. Gold went up by 0.740% at US$1,344.90/ounce.

Trading Strategy: Neutral

Sell at strength at 1346-1358; targeting 1326-1315 and 1309-1302, upside breakage of 1363 will lead to 1369-1374. Buy on dips at 1324-1332 with strict stop loss below 1318 1-hourly closing; targeting 1330-1338 and 1346-1252; break below 1318 will call for 1311-1303 and 1296-1288.

 

 

Silver (spot) closed down on Tuesday made its intraday high of US$20.60/ounce after setting intraday low of US$20.11/ounce. Silver settled 0.292% down at US$20.46/ounce.

Trading Strategy: Neutral

Short positions at 20.60-20.90 with stop above 21.30; targeting 20.05-19.70 and 19.40-19.10, upside breakout of 20.90 will open the way to 21.20-21.60. Buyers can buy above 19.90-20.10, targeting 20.30-20.60 and 20.80-21.30 with risk below 19.70.

 

 

 

Crude futures (July 2013) on Tuesday made an intra‐day high of US$107.51/bbl and made an intraday low of US$105.45/bbl and settled down by 0.345% at US$107.37/bbl on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 107.50-108.90 with risk above 109.90; targeting 106.30-105.90 and 105.30-104.20. Buy above 105.90-105.50 using a stop loss of 105.30, targeting 107.50-108.60 and 109.90; alternatively, break below 105.30 might call for 104.30-103.20 and 102.60.

 

 

EUR/USD on Tuesday made an intra‐day low of US$1.3162/EUR and made an intraday high of US$1.3237/EUR and settled the day 0.288% up at US$1.3221/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3190-1.3220 with risk above 1.3250; targeting 1.3005-1.2905; alternatively, break above 1.3250 might call for 1.3320-1.3410. Buying can be done above 1.3075-1.3120 targeting 1.3150-1.3240 and 1.3320 with stop-loss with four-hour closing below 1.3030.

 

 

GBP/USD on Tuesday made an intra‐day low of US$1.5251/GBP and made an intraday high of US$1.5391/GBP and settled the day up by 0.058% at US$1.5366/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5400-1.5490, targeting 1.5290-1.5240 and 1.5150-1.5070. Buying can be done 1.5290-1.5240 targeting 1.5360-1.5400 and 1.5535; stop-loss with four-hour closing below 1.5190. Alternatively, a break below 1.5190 might call for 1.5150-1.5070.

 

 

USD/JPY on Tuesday an intra‐day low of JPY99.13/USD and made an intraday high of JPY 100.17/USD and settled the day 0.260% down at JPY99.38/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 100.80-101.50 targeting 99.940-98.20 and 97.60-97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40-99.90, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/24/

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July 25, 2013

 

Gold (spot) closed up on Wednesday made its intraday high of US$1,347.69/ounce before setting intraday low of US$1,313.03/ounce. Gold went down by 1.828% at US$1,321.73/ounce.

Trading Strategy: Neutral

Sell at strength at 1332-1344; targeting 1318-1313 and 1309-1302, upside breakage of 1352 will lead to 1358-1364 and 1369-1374. Buy on dips at 1309-1302 with strict stop loss below 1296 1-hourly closing; targeting 1330-1338 and 1346-1252; break below 1296 will call for 1288-1282.

 

 

Silver (spot) closed down on Wednesday made its intraday high of US$20.50/ounce after setting intraday low of US$20.00/ounce. Silver settled 1.61% down at US$20.15/ounce.

Trading Strategy: Neutral

Short positions at 20.30-20.60 with stop above 20.90; targeting 20.05-19.70 and 19.40-19.10, upside breakout of 20.90 will open the way to 21.20-21.60. Buyers can buy above 19.70-19.90, targeting 20.30-20.60 and 20.80-21.30 with risk below 19.10.

 

 

Crude futures (July 2013) on Wednesday made an intra‐day high of US$107.50/bbl and made an intraday low of US$104.79/bbl and settled up by 1.905% at US$105.30/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.30-107.50 with risk above 108.60; targeting 105.30-104.30 and 103.20-102.40. Buy above 104.40-103.60 using a stop loss of 102.20, targeting 105.50-106.90 and 107.50-108.60.

 

 

EUR/USD on Wednesday made an intra‐day low of US$1.3175/EUR and made an intraday high of US$1.3255/EUR and settled the day 0.189% down at US$1.3199/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, selling the pair 1.3220-1.3250 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. Buying can be done above 1.3120-1.3170 targeting 1.3240-1.3320 and 1.3410 with stop-loss with four-hour closing below 1.3070.

 

 

GBP/USD on Wednesday made an intra‐day low of US$1.5288/GBP and made an intraday high of US$1.5388/GBP and settled the day down by 0.357% at US$1.5311/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5400-1.5490, targeting 1.5290-1.5240 and 1.5150-1.5070. Buying can be done 1.5290-1.5240 targeting 1.5360-1.5400 and 1.5535; stop-loss with four-hour closing below 1.5190. Alternatively, a break below 1.5190 might call for 1.5150-1.5070.

 

 

USD/JPY on Wednesday an intra‐day low of JPY99.37/USD and made an intraday high of JPY 100.43/USD and settled the day 0.845% up at JPY100.24/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 100.80-101.50 targeting 99.940-98.20 and 97.60-97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.

 

 

http://www.ikonmarkets.com/daily-reports/2013/07/25/

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July 26, 2013

 

Gold (spot) closed up on Thursday made its intraday high of US$1,337.75/ounce after setting intraday low of US$1,308.80/ounce. Gold went up by 0.873% at US$1,333.25/ounce.

Trading Strategy: Neutral

Sell at strength at 1340-1346; targeting 1331-1324 and 1318-1313, upside breakage of 1352 will lead to 1358-1364 and 1369-1374. Buy on dips at 1309-1320 with strict stop loss below 1302 1-hourly closing; targeting 1338-1346 and 1352-1364; break below 1302 will call for 1294-1288.

 

 

Silver (spot) closed up on Thursday made its intraday high of US$20.32/ounce after setting intraday low of US$19.79/ounce. Silver settled 0.447% up at US$20.22/ounce.

Trading Strategy: Neutral

Short positions at 20.30-20.60 with stop above 20.90; targeting 20.05-19.70 and 19.40-19.10, upside breakout of 20.90 will open the way to 21.20-21.60. Buyers can buy above 19.70-19.90, targeting 20.30-20.60 and 20.80-21.30 with risk below 19.10.

 

 

Crude futures (July 2013) on Wednesday made an intra‐day high of US$107.50/bbl and made an intraday low of US$104.79/bbl and settled up by 1.905% at US$105.30/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.30-107.50 with risk above 108.60; targeting 105.30-104.30 and 103.20-102.40. Buy above 104.40-103.60 using a stop loss of 102.20, targeting 105.50-106.90 and 107.50-108.60.

 

 

EUR/USD on Thursday made an intra‐day low of US$1.3164/EUR and made an intraday high of US$1.3295/EUR and settled the day 0.590% up at US$1.3276/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 Thursday made an intra‐day low of US$1.5262/GBP and made an intraday high of US$1.5433/GBP and settled the day up by 0.502% at US$1.5388/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5400-1.5490, targeting 1.5290-1.5240 and 1.5150-1.5070. Buying can be done 1.5290-1.5240 targeting 1.5360-1.5400 and 1.5535; stop-loss with four-hour closing below 1.5190. Alternatively, a break below 1.5190 might call for 1.5150-1.5070.

 

 

USD/JPY on Thursday an intra‐day low of JPY98.88/USD and made an intraday high of JPY 100.44/USD and settled the day 0.965% up at JPY99.27/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 100.80-101.50 targeting 99.940-98.20 and 97.60-97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/26/

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July 29, 2013

 

Gold (spot) closed down on Friday made its intraday high of US$1,340.55/ounce after setting intraday low of US$1,312.34/ounce. Gold went down by 0.055% at US$1,333.39/ounce.

Trading Strategy: Neutral

Sell at strength at 1338-1346; targeting 1324-1315 and 1309-1301, upside breakage of 1352 will lead to 1358-1364 and 1369-1374. Buy on dips at 1309-1301 with strict stop loss below 1294 1-hourly closing; targeting 1338-1346 and 1352-1364; break below 1294 will call for 1288-1282.

 

 

Silver (spot) closed down on Friday made its intraday high of US$20.35/ounce after setting intraday low of US$19.65/ounce. Silver settled 1.235% down at US$19.98/ounce.

Trading Strategy: Neutral

Short positions at 20.05-20.50 with stop above 20.90; targeting 19.70 and 19.40-19.10, upside breakout of 20.90 will open the way to 21.20-21.60. Buyers can buy above 19.10-19.60, targeting 20.30-20.60 and 20.80-21.30 with risk below 18.70.

 

Crude futures (July 2013) on Thursday made an intra‐day high of US$105.62/bbl and made an intraday low of US$103.89/bbl and settled down by 0.881% at US$104.60/bbl on session close.

Trading Strategy: Neutral

Sell in-between 104.90-106.30 with risk above 107.50; targeting 103.90 and 103.20-102.40. Buy above 103.60-102.40 using a stop loss of 102.20, targeting 105.50-106.90 and 107.50-108.60.

 

 

EUR/USD on Thursday made an intra‐day low of US$1.3164/EUR and made an intraday high of US$1.3295/EUR and settled the day 0.590% up at US$1.3276/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 Thursday made an intra‐day low of US$1.5262/GBP and made an intraday high of US$1.5433/GBP and settled the day up by 0.502% at US$1.5388/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5400-1.5490, targeting 1.5290-1.5240 and 1.5150-1.5070. Buying can be done 1.5290-1.5240 targeting 1.5360-1.5400 and 1.5535; stop-loss with four-hour closing below 1.5190. Alternatively, a break below 1.5190 might call for 1.5150-1.5070.

 

 

USD/JPY on Thursday an intra‐day low of JPY98.88/USD and made an intraday high of JPY 100.44/USD and settled the day 0.965% up at JPY99.27/USD on session close.

Trading Strategy: Neutral

Based on today’s market, our opinion is selling the pair below 100.80-101.50 targeting 99.940-98.20 and 97.60-97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.

 

 

http://ikonmarkets.com/daily-reports/2013/07/29/

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July 30, 2013

 

Gold (spot) closed down on Monday made its intraday high of US$1,338.20/ounce after setting intraday low of US$1,322.77/ounce. Gold went down by 0.411% at US$1,327.82/ounce.

Trading Strategy: Neutral

Sell at strength at 1331-1344; targeting 1324-1315 and 1309-1301, upside breakage of 1352 will lead to 1358-1364 and 1369-1374. Buy on dips at 1309-1301 with strict stop loss below 1294 1-hourly closing; targeting 1338-1346 and 1352-1364; break below 1294 will call for 1288-1282.

 

 

Silver (spot) closed down on Monday made its intraday high of US$20.23/ounce after setting intraday low of US$19.70/ounce. Silver settled 0.501% down at US$19.86/ounce.

Trading Strategy: Neutral

Short positions at 19.95-20.40 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 19.10-19.60, targeting 20.30-20.60 and 20.80-21.30 with risk below 18.70.

 

 

Crude futures (July 2013) on Monday made an intra‐day high of US$105.33/bbl and made an intraday low of US$103.85/bbl and settled down by 0.095% at US$104.49/bbl on session close.

Trading Strategy: Neutral

Sell in-between 104.90-106.30 with risk above 107.50; targeting 103.90 and 103.20-102.40. Buy above 103.60-102.40 using a stop loss of 102.20, targeting 105.50-106.90 and 107.50-108.60.

 

 

EUR/USD on Monday made an intra‐day low of US$1.3238/EUR and made an intraday high of US$1.3294/EUR and settled the day 0.173% down at US$1.3260/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 Monday made an intra‐day low of US$1.5327/GBP and made an intraday high of US$1.5412/GBP and settled the day down by 0.260% at US$1.5337/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5400-1.5490, targeting 1.5290-1.5240 and 1.5150-1.5070. Buying can be done 1.5290-1.5240 targeting 1.5360-1.5400 and 1.5535; stop-loss with four-hour closing below 1.5190. Alternatively, a break below 1.5190 might call for 1.5150-1.5070.

 

 

USD/JPY on Monday an intra‐day low of JPY97.62/USD and made an intraday high of JPY 98.33/USD and settled the day 0.122% down at JPY97.94/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.50, using a stop loss of 99.25, targeting 97.20-96.75 and 95.70. Alternatively, a break above 99.25 might call for 99.80-100.20-100.50. Buy above 96.90-96.50, using a stop loss of below 95.70, targeting 98.50-99.25.

 

 

http://ikonmarkets.com/daily-reports/2013/07/30/

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July 31, 2013

 

Gold (spot) closed down on Tuesday made its intraday high of US$1,330.04/ounce after setting intraday low of US$1,317.13/ounce. Gold went down by 0.113% at US$1,325.84/ounce.

Trading Strategy: Neutral

Sell at strength at 1336-1346; targeting 1324-1316 and 1309-1301, upside breakage of 1352 will lead to 1358-1364 and 1369-1374. Buy on dips at 1316-1324 with strict stop loss below 1314 1-hourly closing; targeting 1338-1346 and 1352-1364; break below 1314 will call for 1309-1301 and 1294-1288.

 

 

Silver (spot) closed down on Tuesday made its intraday high of US$19.90/ounce after setting intraday low of US$19.53/ounce. Silver settled 0.454% down at US$19.76/ounce.

Trading Strategy: Neutral

Short positions at 19.95-20.40 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 19.10-19.60, targeting 20.30-20.60 and 20.80-21.30 with risk below 18.70.

 

 

Crude futures (July 2013) on Tuesday made an intra‐day high of US$104.50/bbl and made an intraday low of US$102.66/bbl and settled down by 1.330% at US$103.66/bbl on session close.

Trading Strategy: Neutral

Sell in-between 102.60 with risk above 104.50; targeting 102.40-101.90 and 101-100.40. Buy above 103.60 using a stop loss of 102.00, targeting 104.50-105.50 and 106.90-107.50.

 

 

EUR/USD on Tuesday made an intra‐day low of US$1.3233/EUR and made an intraday high of US$1.3301/EUR and settled the day 0.007% up at US$1.3261/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 Tuesday made an intra‐day low of US$1.5226/GBP and made an intraday high of US$1.5352/GBP and settled the day down by 0.671% at US$1.5234/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 1.5290-1.52400, targeting 1.5190-1.5150 and 1.5070-1.5040. Buying can be done above 1.5190 targeting 1.5240-1.5290 and 1.5360-1.5400; alternatively, a break below 1.5190 might call for 1.5150-1.5070.

 

 

USD/JPY on Tuesday an intra‐day low of JPY97.75/USD and made an intraday high of JPY 98.45/USD and settled the day 0.071% down at JPY98.01/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.50, using a stop loss of 99.25, targeting 97.20-96.75 and 95.70. Alternatively, a break above 99.25 might call for 99.80-100.20-100.50. Buy above 96.90-96.50, using a stop loss of below 95.70, targeting 98.50-99.25.

 

http://ikonmarkets.com/daily-reports/2013/07/31/

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