IGTFX technical analysis

[igtfx.research]

IGTFX technical analysis, The all-dominated FOREX news is related to a final European rescue package for IGTFX , Greece IGTFX , and let the EUR bullish driven during the early Tokyo trading hours. IGTFX , Anyways, we hope you had a great weekend and wish you a nice start in the new trading week. IGTFX ,

IGTFX , Market Review IGTFX , Fundamental Perspective
IGTFX , The EUR started very friendly into the new trading week after IGTFX , European governments offered Greece a rescue package worth as much as 45bln euro to stem its fiscal crisis IGTFX , and restore confidence in the EUR. IGTFX , The euro-region finance ministers said yesterday they would offer loans IGTFX , at around 5 percent, IGTFX , while Greece have to pay 6.98 percent IGTFX , interests for three-year loans on the market at last. IGTFX , Another 15bln euro would come from the International Monetary Fund. IGTFX , It seems that this European rescue package achieved its target and took out the uncertainty of the market, IGTFX , having the EUR/USD fell near to an IGTFX , 11-month low last week it recovered during the week and climbed in the early Asia trading session for a third day, IGTFX , its longest winning streak within the last four weeks. IGTFX , The EUR/GBP extended its gains and rose to 0.8848 at its highest level after it closed at 0.8779 on Friday. IGTFX , As well the EUR/AUD climbed near to the 1.4600 level after closing at 1.4468 on Friday. IGTFX , Already on Friday the CHF weakened against the IGTFX , EUR by 0.4 percent amid speculation the IGTFX , Swiss National Bank may sold its currency again. IGTFX , The GBP/USD closed on Friday on its highest level of the week and George Soros, a famous currency speculator, IGTFX , said that the U.K. IGTFX , has more room to use exchange rate adjustments as a way of adjusting the economy than every other nation in the euro-region. IGTFX ,

IGTFX , The AUD climbed against the JPY to the highest level since September 2008 and to the strongest level versus the IGTFX , USD since November as the financial measures calmed investors fears of a default by Greece and reviving demand for higher yielding assets. A IGTFX , lso the NZD/USD continued its bullish trend and rose near to the 0.7200 level. IGTFX ,

IGTFX , On Friday the CAD declined from parity against the IGTFX , USD as a national report showed that employers added fewer jobs in March than economists expected. IGTFX , Canadas economy gained 17,900 jobs in March while the median forecast was around 26,000. IGTFX ,

EUR/USD (Daily)

IGTFX , After the EUR/USD closed on Friday near to its bearish trend-line the currency pair started with a market IGTFX , gap into the new week and broke out of its downward trend. IGTFX , Now it remains to be seen if the bulls may have enough power to cross the next resistance levels around IGTFX , 1.3640 rather 1.3696. IGTFX , The MACD indicator may signalize that the bulls take control finally and in considering of the Momentum, IGTFX , which stabilized around its 100 level, there may be further space for bullish movements. IGTFX ,




EUR/GBP (1 Hour)

IGTFX , The currency pair traded close to a downward trend-line until the EUR closed last week above this trend-line, IGTFX , previously the short-term moving average crossed its long-term counterpart and indicated bullish movements. IGTFX , Now it seems that the currency pair completely reversed the trend and touched the next resistance around 0.8845. IGTFX , On the other hand-side if the CCI indicator could cross the 100 level again it may force profit takings. IGTFX ,

 

[igtfx.research]

IGTFX technical analysis, After the first two days of the week were driven by the news related to the rescue package for Greece today some important economic data releases moving into the market focus. IGTFX, The U.S. reports will show the latest consumer confidence and retail sales which may allow a conclusion to the rate decision of the Federal Reserve next week. . IGTFX, However, . IGTFX, we wish you a successful trading day.. IGTFX,
. IGTFX, Market Review . IGTFX, Fundamental Perspective

. IGTFX, The JPY declined against a basket of major currencies on concern a report may show that the U.S. retail sales rose the most in four months. . IGTFX, The JPY fell versus the USD from the strongest level in two weeks and the EUR/JPY climbed to 127.45 at its highest level as signs the global economy recovering boosted demand for higher-yielding assets. . IGTFX, The GBP increased versus the EUR as a report showed that the . IGTFX, U.K. exports surged in February and house values strengthened. . IGTFX, Exports rose about 9.5 percent and helped to cut the trade deficit to 6.2bln pounds, . IGTFX, the least since June 2006. . IGTFX, The GBP also rose against the USD and climbed near to the strongest level since February. In contrast the U.S. . IGTFX, trade deficit widened,. IGTFX, the gap increased 7.4 percent to $39.7bln from a revised $37bln deficit in January, . IGTFX, the Commerce Department said on Tuesday in Washington. . IGTFX, The Federal Reserve Bank of Richmond President Jeffrey Lacker said that the U.S. . IGTFX, economy will probably expand at a moderate pace for the rest of this year as spending by consumers and businesses picks up.. IGTFX,

. IGTFX, The NZD/USD declined after a report showed that New Zealands retail sales unexpectedly fell in February, . IGTFX, as rising unemployment and a slowing housing market curbed consumer confidence. The retail sales fell 0.6 percent from January, . IGTFX, the Statistics from New Zealand showed today. . IGTFX, Australias consumer confidence fell 1 percent this month to 116.1 points, . IGTFX, a report showed today. . IGTFX, The AUD/USD extended its gains from yesterday during the early Asia trading session, . IGTFX, touching the 0.9326 level at its high.. IGTFX,

. IGTFX, Notwithstanding the CAD increased against the USD near to parity it failed to climb sustainable . IGTFX, above this level as declining crude oil prices . IGTFX, damped the demand for commodity-linked currencies.. IGTFX,
. IGTFX, Daily Technical Analysis - . IGTFX, Our Focus Currencies for Today
EUR/JPY (4 Hours)

. IGTFX, After the EUR/JPY fell during the early trading hours yesterday near to its support around . IGTFX, 125.93 it recovered and started apparently another attempt to cross its resistance around the 127.28 level. . IGTFX, The short-term moving . IGTFX, average crossed its long-term counterpart and in considering of the rising positive DMI indicator it may suggest further bullish movements and if the currency pair could cross its resistance it may pave the way to the 127.89 level.. IGTFX,

I. IGTFX, ntraday Support & Resistance . IGTFX, (H4)Support Levels around Resistance Levels around. IGTFX,
. IGTFX, 125.93 . IGTFX, 126.53. IGTFX,
. IGTFX, 125.35 . IGTFX, 127.28. IGTFX,
. IGTFX, 124.26 . IGTFX, 127.89. IGTFX,

USD/JPY (4 Hours)

. IGTFX, After the currency pair lost the support of its . IGTFX, mid-term bullish trend-line at the beginning of April it began trading in a bearish trend-channel and fell near to its support level around 92.76. . IGTFX, At this level the bulls entered the market again and pushed the . IGTFX, USD close to the upper trend-line at last. . IGTFX, It remains to be seen if this resistance could be crossed sustainable. . IGTFX, The Momentum crossed its 100.00 level and may give some bullish impulses.. IGTFX,

. IGTFX, Intraday Support & Resistance . IGTFX, (H4)Support Levels around Resistance Levels around. IGTFX,
. IGTFX, 92.76 . IGTFX, 93.41. IGTFX,
. IGTFX, 92.51 . IGTFX, 93.61. IGTFX,
. IGTFX, 92.27 . IGTFX, 93.78. IGTFX,

 

[igtfx.research]

IGTFX technical analysis, Ben S. Bernanke denoted in speech at the U.S. IGTFX, Congress yesterday that the FED considers that the low borrowing costs would be in order and smashed all speculations regarding increasing rates. IGTFX,
IGTFX, Anyways, IGTFX, we wish you a successful trading day and enjoy your weekend. IGTFX,
IGTFX, Market Review IGTFX, Fundamental Perspective
IGTFX, On Thursday the GBP rose versus the USD as well as the EUR after a poll showed that the opposition Conservatives lead over the Labour Party widened, IGTFX, easing concern that at the election next month may bring a so-called hung-parliament and may cripple the U.K. economy. IGTFX, The EUR/JPY declined for the first time in six days on speculation IGTFX, China may be forced to scrap the yuans peg to the USD after its economy accelerated at the fastest pace in almost three years. IGTFX, The U.S. IGTFX, reports showed that the factory production rose 0.9 percent after gaining 0.2 percent one month earlier while the labor market struggles. The unemployment claims climbed unexpectedly last week to the highest level in two months. IGTFX, The report, IGTFX, announced by the Labor Department, IGTFX, showed that the number of Americans filing claims for jobless benefits increased by 24,000 to 484,000 in the week ended on April 10th. Fed Chairman Ben S. IGTFX, Bernanke yesterday told the U.S. IGTFX, Congress that the economic recovery wont generate enough jobs or inflation and repeated the Feds view that borrowing costs are likely to stay low for an extended period, IGTFX, adding signs that the Fed may let the interest rates unchanged at its meeting at April 28th. IGTFX, The EUR/USD decreased from 1.3653 at its opening to 1.3522 at its lowest level yesterday and started nearly unchanged into the Asia trading session. IGTFX, Greek Prime Minister IGTFX, George Papandreou yesterday asked for a meeting with the European Union, IGTFX, the international Monetary Fund and the ECB. IGTFX, Talks regarding the financial measures for Greece will begin in Athens on April 19th. IGTFX,

IGTFX, The CAD keeps staying near to a 22 month high versus the USD before the nations central bank meets next week to determine interest rates. IGTFX, The CAD erased earlier gains as crude oil prices fell and stocks fluctuated. IGTFX,

IGTFX, The AUD/USD weakened on concern that Chinas move to contain expansion would make commodities less attractive. IGTFX,

IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today


EUR/USD (1 Hour)

IGTFX, After the EUR/USD traded close to a bullish trend-line it recovered yesterday and broke through its trend-line and fell near to the next support level around 1.3530. IGTFX, Afterwards we saw a short bullish IGTFX, countermovement which failed to cross the resistance around the 1.3584 level. IGTFX, Now the CCI indicator rebounded at its -100.00 level and may suggest a trend-reversal, IGTFX, especially in considering of the rising short-term MA which already crossed its long-term counterpart. IGTFX,

IGTFX, Intraday Support & Resistance IGTFX, (H1)Support Levels around Resistance Levels around IGTFX,
IGTFX, 1.3530 IGTFX, 1.3567
IGTFX, 1.3470 IGTFX, 1.3587
IGTFX, IGTFX, N/A 1.3598

GBP/USD (Daily)

IGTFX, The currency pair has been trading in a bearish environment since November 2009. IGTFX, But it seems that since it built a new basement around the 1.4800 level the bulls take over the control again and crossed the 50.0 Fibonacci Fan at last. IGTFX, Due to the fact that the CCI indicator fell below its +100.00 level we have to allow for some profit takings and it remains to be seen if the support around the IGTFX, 1.5380 could be strong enough to stop a IGTFX, bearish movement. IGTFX,

IGTFX, Intraday Support & Resistance IGTFX, (D1)Support Levels around Resistance Levels around IGTFX,
IGTFX, 1.5380 IGTFX, 1.5486
IGTFX, 1.5327 IGTFX, 1.5535
IGTFX, N/A IGTFX, 1.5788

 

[SavantGarde]

IGTFX,

Next Time Please Keep Posts Organised In The Threads That I Have Been Merging Together For Sometime....To Keep Things In Order....Instead Of Starting A New Thread Everyday

SavantGarde

 

[igtfx.research]

IGTFX technical analysis, This weekend we finally experienced a nice weather in Hamburg with temperatures above 20 degrees Celsius. IGTFX, We wish you a nice start in the new trading week. IGTFX,
IGTFX, Market Review IGTFX, Fundamental Perspective

IGTFX, On Friday, IGTFX, the JPY climbed for the second day versus the USD on speculation that investors are buying the Japanese currency as a refuge on concern about the situation of Goldman Sachs Group Inc. IGTFX, and speculation that Greeces aid package may falter. IGTFX, Today, IGTFX, JPY climbed versus 15 of its 16 major currency crosses while the MSCI Asia Pacific Index of regional shares declined 1.7 percent and the Nikkei 225 dipped 1.8 percent. IGTFX, The JPY fell over 90 pips on Friday after it closed the day at 92.09, making a weekly loss of 1.07 percent. IGTFX, The JPY gained for the third day versus the IGTFX, AUD after traders and strategists said that the IGTFX, RBA Governor Glenn Stevens may have lifted the nations interest rate too far and too fast after the bank increased the rate to 4.25 percent this month from 3 percent in October. IGTFX, The AUD/JPY fell for a third day and reached a low at 84.42. IGTFX,

IGTFX, The GBP fell versus the USD after U.K. IGTFX, Prime Minister Gordon Brown yesterday called for an investigation into Goldman Sachs, IGTFX, while German regulators asked the U.S. IGTFX, Securities and Exchange Commission for details on its suit filed versus the bank last week. IGTFX, The Securities and Exchange Commission instructed to prove whether the company defrauded investors by failing to disclose that a hedge- IGTFX, fund firm betting against them played a role in creating what they bought. IGTFX, The GBP/USD fell for a second day after it reached a low at 1.5225 and opened around 1.5287. IGTFX, The pair closed last week at 1.5390. IGTFX,

IGTFX, The EUR fell to a one-week low versus the IGTFX, USD after the European Union finance ministers wanted IGTFX, Greece to brace itself for the International Monetary Funds conditions on a bailout package. IGTFX, The EUR/USD fell for the third day and reached a low at 1.3444 while the IGTFX, EUR/GBP gained to a high at 0.8823 starting the week with a gap of more than 30 pips. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today

USD/JPY (Daily)

IGTFX, After reaching a high near 94.63 at the beginning of the month, the USD/JPY fell back and reached the support level around 92.20. IGTFX, The MACD is currently signalizing a bearish trend which could be a signal for further bearish movements. IGTFX, Nevertheless, we should wait until we see a clear break trough the horizontal support level. IGTFX,

IGTFX, Intraday Support & Resistance IGTFX, (Daily)Support Levels around Resistance Levels around IGTFX,
IGTFX, 92.20 IGTFX, 93.71
IGTFX, 91.31 IGTFX, 94.70
IGTFX, 90.40 IGTFX, 97.70

CAD/JPY (Daily)

IGTFX, As you can see, IGTFX, the CAD/JPY fell back from its high around 94.28 before it reached the support IGTFX,
IGTFX, level near 90.40. IGTFX, This level was a pretty hard resistance in the past. The MACD analysis may IGTFX,
IGTFX, give a signal for further bearish moves. If the market breaks the support level around 90.40, IGTFX, we
might expect a continuing bearish market. IGTFX,

IGTFX, Intraday Support & IGTFX, Resistance (Daily) IGTFX, Support Levels around Resistance Levels IGTFX, around IGTFX,
IGTFX, 90.40 IGTFX, 93.70
IGTFX, 88.25 IGTFX, 94.30
IGTFX, 86.05 IGTFX, N/A

 

[igtfx.research]

IGTFX technical analysis , Good morning and welcome to our Daily FX Report. IGTFX,

IGTFX, Today, IGTFX, we are going to be focused on the JPY after the currency showed gains against most of the major currencies. IGTFX, Also the situation of Greece will be one of the highlights we will be focused on. IGTFX, Anyways, IGTFX, we wish you good luck and a nice trading day. IGTFX,

IGTFX, Market Review IGTFX, Fundamental Perspective
IGTFX, The JPY fell against riskier currencies such as the IGTFX, EUR and AUD as signs of a sustainable worldwide economic rebound have boosted demand for higher yielding currencies. IGTFX, The Japanese currency dipped versus 15 of its 16 most traded counterparts as Asian stocks gained before reports, IGTFX, which are expected to show that the European investor confidence improved and U.S. home sales increased. According to a survey, IGTFX, IGTFX, the U.S. existing home sales, IGTFX, which will be released on Thursday April 22nd, IGTFX, climbed 5.3 percent in March. The European economic sentiment is expected to climb to 39.3 this month from 37.9 in March. The EUR/JPY gained for the second day, after it touched a high near 125.11. IGTFX, Gains in the EUR might be tempered while investors speculate that Greece could require additional funds to resolve its dept crisis. IGTFX, Officials from the EU, IGTFX, the International Monetary Fund and the European Central Bank will begin consultations tomorrow to find a solution for Greece. IGTFX, The USD/JPY climbed for the second day as well as it reached a high by 92.68. IGTFX,

T IGTFX, he JPY fell as the MSCI Asia Pacific Index climbed 0.6 percent, IGTFX, back from a two day loss. IGTFX, The AUD gained for the second day versus the JPY after the release of RBA minutes pointed to another interest rate rise, IGTFX, which would be the fifth increase in six meetings. IGTFX, The AUD/JPY reached a high near 86.07 after it opened the day at 85.50. IGTFX,

IGTFX, The NZD was the only currency, IGTFX, which fell versus the JPY after a report showed that the nations consumer prices increased in the first quarter by less than economists expected. IGTFX, Benchmark interest rates are 4.25 percent in Australia and 2.5 percent in New Zealand while Japan has an interest rate of 0.1 percent. IGTFX, This difference attracts investors to the south pacific nations higher yielding assets. IGTFX, The NZD fell to 65.65 versus the JPY after it gained over 90 pips yesterday. IGTFX, It gained versus the USD after it reached a high around 0.7183. IGTFX,



IGTFX, Daily Technical Analysis IGTFX, (In this section we provide chart analysis) IGTFX,
IGTFX, Our Focus Currencies for Today

GBP/JPY (4 Hour)

IGTFX, Since the middle of April, the GBP/JPY has been moving below a bearish trend line. IGTFX, After breaking the support levels around 142.10 and 141.05, the market reached a low by 139.34 and pulled back again. IGTFX, At the moment, IGTFX, the market is trading close to the 142.10 resistance and the bearish trend line. IGTFX, If the market doesnt break these two resistance levels, we might see a recovery from its previous gains. IGTFX,


IGTFX, Intraday Support & Resistance (4 Hour)

IGTFX, Support Levels around
IGTFX, Resistance Levels around

IGTFX, 141.05
IGTFX, 142.10

IGTFX, 139.45
IGTFX, 144.65

IGTFX, N/A
IGTFX, N/A


IGTFX, NZD/JPY (Daily)

IGTFX, As we can see, the NZD/JPY has performed clear movements along a downward trend line and a horizontal support, IGTFX, which stays around 64.75. IGTFX, If the pair does not leave its bearish formation, IGTFX, we might see further losses along the bearish trend line. IGTFX, The MACD indicator may show the same signals IGTFX, as it was the two times in the past when the market touched the bearish trend line. IGTFX,



IGTFX, Intraday Support & IGTFX, Resistance (Daily)

IGTFX, Support Levels around
IGTFX, Resistance Levels around

IGTFX, 64.75
IGTFX, 67.05

IGTFX, 63.30
IGTFX, 68.55

IGTFX, 61.80
IGTFX, 69.65

 

[igtfx.research]

IGTFX technical analysis, The report today will be about the movements of the IGTFX, CAD against all the major currencies after the Bank of Canada made some comments about their future plans and the nations current financial situation. IGTFX, Nevertheless, IGTFX, could u plz send me a copy of ur ID TO we wish you a nice and relaxed trading day. IGTFX,

IGTFX, Market Review IGTFX, Fundamental Perspective
IGTFX, The strong CAD gained versus a basket of major currencies such as the USD and the IGTFX, JPY after Bank of Canada policy makers said that better-than-expected economic growth and inflation will spur interest-rate increases. IGTFX, The central bank held the benchmark interest rate unchanged since April 2009. IGTFX, With recent improvements in the economic outlook, the need for such extraordinary policy is now passing and it is appropriate to begin to lessen the degree of monetary stimulus, IGTFX, the central banks IGTFX, Governor Mark Carney said in a statement from Ottawa. IGTFX, The Policy makers said that inflation will be IGTFX, slightly higher than their 2 percent target over the next year while they increased the 2010 economic growth forecast to 3.7 percent from 2.9 percent. IGTFX, The next two meetings will be on June 1st and July 20th. IGTFX,
According to a survey by economists, IGTFX, the central bank will increase its interest rate to 1.25 percent by the end of the year. IGTFX, Canadas consumer prices climbed 0.4 percent in February after rising 0.3 percent in January, IGTFX, which is more than estimated. IGTFX, They may have posted a straight monthly gain for the third time in March, IGTFX, increasing 0.2 percent, according to a survey before the nations statistics get published on April 23rd. The USD/CAD fell for a second day and is trading currently around 0.9940. IGTFX, Yesterday, IGTFX, the pair fell over 160 pips, which was its biggest loss since November 2009. IGTFX, The CAD/CHF gained to its highest level since April 7th after rising over 2.5 percent this week. IGTFX,
IGTFX, The EUR fell versus 14 of its 16 major currencies while we expect IGTFX, Greece to begin talks today on activating a 45 billion-EUR IGTFX, ($61 billion) IGTFX, rescue package. IGTFX, The EUR fell for a second day versus the USD before data are expected to show IGTFX, U.S. IGTFX, existing home sales gained 5.3 percent in IGTFX, March, IGTFX, before the National Association of Realtors report tomorrow. IGTFX, The EUR/USD fell to 1.3422 after it reached a low near 1.3404. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today IGTFX,

GBP/CHF (4 Hour)

IGTFX, Since the middle of March, the GBP/CHF has been trading in a bullish Fibonacci fan. IGTFX, During April, IGTFX, the market gained back after it touched the lower Fibonacci fan level for the second time. IGTFX, At the moment, IGTFX, the pair is trading below the top of the fan. IGTFX, If the market doesnt break out of the Fibonacci fan, we might see a pull-back towards the middle and lower line. IGTFX,

I IGTFX, ntraday Support & Resistance IGTFX, (4 Hour)Support Levels around Resistance Levels around
IGTFX, 1.6365 IGTFX, N/A
IGTFX, 1.6285 IGTFX, N/A
IGTFX, 1.6205 IGTFX, N/A


USD/CAD (4 Hour)

IGTFX, After the news from Canada yesterday, IGTFX, the USD/CAD has crashed down and seems to have found its support around 99.60. IGTFX, As we can see, IGTFX, the Stochastic Indicator reached the level around 4.00, which could indicate an oversold market. IGTFX, If the support around 99.60 is strong enough, IGTFX, the pair might return back from its losses on the way to cross the resistance level around 0.9995. IGTFX,

IGTFX, Intraday Support & Resistance IGTFX, (4 Hour)Support Levels around Resistance Levels around IGTFX,
IGTFX, 99.60 IGTFX, 0.9995
IGTFX, N/A IGTFX, 1.0065
IGTFX, N/A IGTFX, 1.0085

 

[igtfx.research]

IGTFX technical analysis Market Review IGTFX , Fundamental Perspective
The IGTFX , AUD and IGTFX , NZD fell for a second day versus the JPY and USD on concern that IGTFX , Greeces struggle to fund its budget shortfall will decrease demand for higher-yielding assets. IGTFX , Greeces deficit of 12.9 percent of gross domestic product is more than four times than the EU limit. The high-rate currencies also weakened on prospects that U.S. IGTFX , IGTFX , President Barack Obama will call for new financial regulations. IGTFX , IGTFX , The NZD pulled a bit back versus the IGTFX , USD as IGTFX , New Zealands Finance Minister Bill English said that the nations economy is recovering slightly more strongly as shown in a December Treasury forecast. IGTFX , According to a U.S IGTFX , Treasury Department official, the Group of Seven finance ministers are meeting today in Washington where they discuss currencies, IGTFX , financial markets and the timing of improving fiscal stimulus. IGTFX ,
IGTFX , The JPY gained versus all 16 most-traded currencies after the nations exports grew for a fourth month in March and shipments abroad advanced 43.5 percent from a year earlier, IGTFX , the Finance Ministry in Tokyo said today. IGTFX , The JPY also gained after Bank of Japan Governor Masaaki Shirakawa said this week that the risk of another recession has pretty much gone. IGTFX , The JPY gained for a second day versus the USD, NZD and the AUD. It reached a high around 85.80 versus the AUD and a peak by 65.80 against the NZD. IGTFX , According to the IMF, IGTFX , Australias gross domestic product will expand 3 percent this year and 3.5 percent in 2011. IGTFX ,
IGTFX , The EUR fell for a third day versus the GBP after talks started yesterday about an assistance package for Greece including 30 billion euros from the European Union and as much as 15 billion euros from the International Monetary Fund. IGTFX , The EUR/GBP fell for a fourth day after it reached a low near 0.8673, IGTFX , which was the lowest level since February 18th. IGTFX , The EUR/USD pulled a bit back after it fell to a low of around 1.3357 yesterday, the lowest level since April 9th. IGTFX ,
IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today IGTFX ,

EUR/GBP (Daily)

IGTFX , After touching the horizontal resistance level for the second time, IGTFX , the EUR/GBP pulled back inside the bearish pitchfork channel and crossed the level around 0.8700, IGTFX , which may be a technical as well as a psychological support line. IGTFX , At the moment, IGTFX , the pair is trading between the 0.8700 and the 0.8645 support line. IGTFX , If the pair could cross the 0.8645 support line, we might see further losses inside the bearish pitchfork. IGTFX ,
IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around
IGTFX , 0.8645 IGTFX , 0.8830
IGTFX , N/A IGTFX , 0.8865
IGTFX , N/A IGTFX , 0.8920


AUD/USD (Daily)

IGTFX , On a long-term view, IGTFX , the AUD/USD has been trading below a horizontal resistance around 0.9340. IGTFX , After reaching a low near 0.8577 at the beginning of February, IGTFX , the pair gained inside a bullish trend channel before it finally reached the long-term resistance around 0.9340. IGTFX , IGTFX , If the pair could break through the 0.9340 resistance line constantly, IGTFX , we might see further gains inside the bullish trend channel. IGTFX ,

IGTFX , Intraday IGTFX , Support & IGTFX , Resistance IGTFX , (Daily)Support Levels around Resistance Levels around IGTFX ,
IGTFX , 0.9010 IGTFX , 0.9340
IGTFX , 0.8915 IGTFX , N/A
IGTFX , 0.8565 IGTFX , N/A

 

[igtfx.research]

IGTFX technical analysis
Market Review Fundamental Perspective
The CAD was within a cent of parity with its U.S. major counterpart as traders expected a signal that a bailout of Greece would succeed in preventing a financial crisis from spreading. This increased the demand for higher yielding assets. The CAD reached nearly a one for one basis against the USD and traded at 1.0003. During the last two months, the CAD could gain about 700 pips against the USD and touched on April 21st its highest level since June 2008 at 0.9131. Last week, the USD recovered as much as 0.6% after the Canadian inflation rate failed to keep pace with the expectations which were forecasted. Furthermore the CAD weakened as crude oil for the June delivery dropped as much as 1.6% after earlier gaining 0.6% to 85.63 USD a barrel. Currently, crude oil is trading at 83.95 a barrel. Furthermore the EUR could gain versus the CAD and reached 1.3410. It seems that the CAD tends to rise and fall similar to commodities and equities.
The GBP rose against the USD for the first time in three days after a report showed that the U.K. house prices rose in April for a ninth consecutive month. That solidified the expectations that the economic recovery is gaining traction. The GBP gained versus 13 of its 16 major counterparts. The USD drooped 0.6% to 1.5473 and the EUR weakened 0.9% to 0.8621 after earlier reaching 0.8604. This was the strongest level since the end of January 2010. The gains for the GBP reduced its yearly losses against the USD to 4.4%.
The JPY dropped against its most traded counterparts as signals that the global economy is recovering were shown. This dented the demand for the currency as a refuge. The AUD traded near its highest level since September 2008 versus the JPY on speculation that U.S. data this week will show that housing market is stabilizing and consumer spending will raise in the first quarter.
Daily Technical Analysis - Our Focus Currencies for Today

USD/CAD (Daily)

On a long term view, the USD has been trading in a bearish trend channel versus the CAD. Recently, the currency pair touched its support level around 0.9968 and the prices could recover. It seems that the support could be strong enough to stop the downward trend but it remains to be seen if the support could confirm its strength.

Intraday Support & Resistance (Daily)Support Levels around Resistance Levels around
0.9968 1.0082
N/A 1.0180
N/A 1.0241


EUR/CAD (1 Hour)

After touching its support level around 1.3297, the EUR increased to its resistance level around 1.3416. As the prices reached this level, the currency pair rebounded. During April, whenever the prices touched this level, the EUR dropped. Also a crossing Stoch indicator through the signal line from the top may support a bearish trend. Next support could be around 1.3255.

Intraday Support & Resistance (H1)Support Levels around Resistance Levels around
1.3355 1.3416
1.3297 1.3665
1.3255 1.3725

 

[igtfx.research]

IGTFX technical analysis Market Review IGTFX technical analysis Fundamental Perspective

IGTFX, The AUD drooped for a third day against the JPY as the stocks and commodities tumbled and after the credit rating downgrades for IGTFX, Greece and Portugal. IGTFX, That spurred investors to shun higher yielding currencies. IGTFX, The AUD weakened 0.2% versus the JPY and traded at 85.18. IGTFX, Also the NZD decreased the most since February 2010 versus the USD as Standard & Poor`s, one of the worlds biggest rating agency, IGTFX, cut Greece`s credit rating to junk and reduced Portugal`s two steps. That is fueling concerns the debt laden nations are moving closer to default. The NZD weakened 0.2% against the JPY and reached 66.20 and the USD strengthened to 0.7114. That was a profit of 1.7%. Today, we expect the consumer prices from Australia. IGTFX, Declines in the AUD may be limited, because economists expect gains in the first quarter. IGTFX,
Also the EUR dropped versus the USD and touched a one year low as Standard & Poor`s lowered Greece`s and Portugal`s credit rating. The EUR slid to 1.3165 after touching a low near 1.3145 against the USD. IGTFX, Furthermore the JPY strengthened to a five week high against the EUR and traded at 122.61 after touching 122.37. IGTFX, The JPY and the USD could increase against most of its 16 major counterparts. IGTFX, They were the winner of the trading day. IGTFX,
IGTFX, In the U.S. Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push interest rates over time and could impair the economic growth. That would be a risk for a successful recovery from the financial crisis. IGTFX, The current government of the U.S. IGTFX, estimates that the budget deficit will be 5.1 trillion USD at all over five years and will hit a record over 1.6 trillion USD in the year which ends in September 2010. IGTFX, The 1.4 trillion USD deficits in 2009 were equal to 9.9% of gross domestic product, the largest share since the end of the Second World War. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today

NZD/JPY (4 Hour)

IGTFX, In April, the currency pair could improve its price. Two days ago, the NZD rebounded at its upper Fibonacci retracement and dropped to its Fibo line around 66.10 (38.2) where IGTFX, the prices could recover again. IGTFX, Now it seems that the bulls could impact. IGTFX, The Stoch indicator may support that with a breakthrough by the signal line from below. IGTFX,

IGTFX, Intraday Support & Resistance (H4)Support Levels around Resistance Levels around
IGTFX, 66.10 IGTFX, 66.50
IGTFX, 65.50 IGTFX, 66.90
IGTFX, 64.95 IGTFX, 67.90


EUR/JPY (4 Hour)

IGTFX, Since the beginning of April, the EUR has been trading in a zigzag movement against the JPY and dropped at least. IGTFX, Currently, IGTFX, the prices reached the lower Bollinger Band. During April, IGTFX, whenever the EUR touched the lower Band, the prices recovered. IGTFX, Also a crossing Stoch indicator could support another trend reversal. IGTFX,

IGTFX, Intraday Support & Resistance (H4)Support Levels around Resistance Levels around
IGTFX, 122. IGTFX, 60 123.50
IGTFX, N/A IGTFX, 124.40
IGTFX, N/A IGTFX, 125.30