Ikon Markets Daily Forex Analysis (march) |
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Replies(1 - 9)
Ajawed |
Mar 6 2014, 10:52 AM
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Active Money Maker

Group: Members
Posts: 301
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Experience Points: 352
Joined: 27-February 13
Member No.: 361,489

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March 6, 2014
Gold closed up on Wednesday and made its intraday high of US$1341.77/ounce a before setting intraday low of US$1331.90/ounce. Gold went down by 0.005% at US$1335.92/ounce. Trading Strategy: Neutral Trade gold in range of US$1,330 – US$1,342. A break below US$1,330 can target US$1,320-1,309; while a break above US$1,341 can target US$1,354-1,364. Sell below 1336-1348; break above 1355 will call for 1364-1374; targeting 1330-1318 and 1309-1301. Buy on dips at 1318-1331 with strict stop loss below 1311 1-hourly closing; targeting 1346-1354. Breakage below 1311 will call for 1305-1290.
Silver closed down on Wednesday made its intraday high of US$21.31/ounce after setting intraday low of US$21.11/ounce. Silver settled 0.188% down at US$21.17/ounce. Trading Strategy: Neutral We recommend playing the range of US$21.00–US$21.70. A break above 21.70 will lead to 21.90-22.20; whereas breakage below 21.00 will call for 20.80-20.55. Sell on Strength at 21.35-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65- 20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.
Crude futures (April 2014) on Wednesday made an intra-day high of US$103.34/ bbl and made an intraday low of US$101.00/bbl and settled down by 2.316% at US$101.00/bbl on session close. Trading Strategy: Neutral Sell below 101.50-102.90; targeting 100.70-100.20 and 99.50; upside breakage of 103.60 will lead to 104.40-105.35. Buy above 101.70-100.00, targeting 101.90- 102.60 and 103.60-104.55; stop loss 1-hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.
EUR/USD on Wednesday made an intra-day low of US$1.3703/EUR and made an intraday high of US$1.3774/EUR and settled the day down by 0.0728% at US$1.3731/ EUR on session close. Trading Strategy: Neutral Based on today’s market, buy on dips in between 1.3690- 1.3600 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.
GBP/USD on Wednesday made an intra-day low of US$1.6653/GBP and made an intraday high of US$1.6742/GBP and settled the day down by 0.293% at US$1.6713/GBP on session close. Trading Strategy: Neutral Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430-1.6380.
USD/JPY on Wednesday an intra-day low of JPY102.07/USD and made an intraday high of JPY 102.55/USD and settled the day 0.175% up at JPY 102.39/USD on session close. Trading Strategy: Neutral Based on today’s market; Buy on dips around 101.20- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.
Ikon Markets
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Ajawed |
Mar 13 2014, 10:33 AM
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Active Money Maker

Group: Members
Posts: 301
Dream Points: 1,565
Experience Points: 352
Joined: 27-February 13
Member No.: 361,489

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March 13, 2014
Gold closed up on Wednesday and made its intraday high of US$1370.77/ounce a before setting intraday low of US$1345.33/ounce. Gold went up by 1.401% at US$1366.70/ounce. Trading Strategy: Neutral Buy on dips at 1354-1362 with strict stop loss below 1338 1-hourly closing; targeting 1374-1378 and 1387-1394. Breakage below 1330 will call for 1320-1311. Sell below 1364-1370; break above 1374 will call for 1384-1394; targeting 1354- 1340 and 1330-1318.
Silver closed up on Wednesday made its intraday high of US$21.41/ounce after setting intraday low of US$20.79/ounce. Silver settled 2.062% up at US$21.28/ounce. Trading Strategy: Neutral Sell on Strength at 21.35-21.75 with stop above 22.05; targeting 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90 and 23.60. Buyers can buy above 20.65-20.40 targeting 21.05-21.45 and 22.00-22.60 with risk below 20.40 hourly closing.
Crude futures (April 2014) on Wednesday made an intra-day high of US$99.57/bbl and made an intraday low of US$97.54/bbl and settled down by 1.407% at US$98.06/ bbl on session close.. Trading Strategy: Neutral Sell below 99.00-100.60; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 100.60 will lead to 101.70-102.90. Buy above 97.80-96.60, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 96.60 will call for 95.50.
EUR/USD on Wednesday made an intra-day low of US$1.3842/EUR and made an intraday high of US$1.3913/EUR and settled the day up by 0.324% at US$1.3902/EUR on session close. Trading Strategy: Neutral Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.
GBP/USD on Wednesday made an intra-day low of US$1.6567/GBP and made an intraday high of US$1.6634/GBP and settled the day up by 0.006% at US$1.6616/ GBP on session close. Trading Strategy: Neutral Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.
USD/JPY on Wednesday an intra-day low of JPY102.54/USD and made an intraday high of JPY 103.09/USD and settled the day 0.223% down at JPY 102.76/USD on session close. Trading Strategy: Neutral Based on today’s market; Buy on dips around 102.50- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.
Ikon Marekts
This post has been edited by Ajawed: Mar 13 2014, 10:42 AM
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