IGTFX technical analysis

[igtfxnews]

IGTFX technical analysis Market Review – igtfx , Fundamental Perspective

igtfx , The GBP gained for a third day versus the USD after reports showed the U.K. igtfx , gross domestic product increased more than expected in the fourth quarter while house-prices grew as well. igtfx , The GBP performed its biggest gain since October versus the EUR as the Office for the National Statistics published that the U.K. igtfx , economy grew 0.4 percent in the last three months of 2009, compared with a previous estimate of 0.3 percent. igtfx , The GBP gained versus the JPY as well after it showed its sixth daily gain and reached its highest point since February 23rd. igtfx , The Nationwide Building Society said the average cost of a home rose 0.7 percent from February igtfx , and 9 percent from the last year. igtfx , The GBP/JPY climbed to a high near 140.63 while the EUR/GBP has fallen to a low around 0.8878. igtfx ,

igtfx , The AUD has fallen against the igtfx , USD and the igtfx , igtfx , NZD after retail sales and home-building approvals unexpectedly fell in February, igtfx , which decreased pressure on the central bank to raise the benchmark interest rate next week. igtfx , Australian retail sales fell 1.4 percent in igtfx , February while the median forecast of 19 economists expected a 0.3 percent increase. igtfx , The nations’ building approvals in February fell 3.3 percent while economists expected a 2.1 percent increase. igtfx , Anyway, igtfx , the AUD/USD fell back from its one-week high and reached a low near 0.9140 while the AUD/NZD fell over 50 pips, igtfx , touching a low by 1.2879. igtfx ,

igtfx , The JPY fell to its lowest level since January 12th against the EUR as signs of a global recovery pushed demand for Japan’s currency as a refuge. igtfx , The JPY fell against all 16 of the major currencies before an industry report today, is expected to show that U.S. companies added jobs for the first time since January 2008. igtfx , The EUR/USD fell for a second day touching a low near 1.3392 while the EUR/JPY extended its gains to its high from yesterday around 125.45. igtfx ,

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


AUD/CAD (Daily)

igtfx , Since the beginning of November, igtfx , the AUD/CAD has been falling along a bearish trend line and a support level around 0.9240. igtfx , As we can see, igtfx , the market pulled back after it tested the price above the long-term bearish trend line. igtfx , Furthermore the Commodity Cannel Index may signalize an overbought market. igtfx , This might be a sign for a continuing bearish trend towards the support around 0.9240. igtfx ,
igtfx , Intraday Support & Resistance igtfx , (Daily)Support Levels around Resistance Levels around igtfx ,
igtfx , 0.924 igtfx , 0.9385
igtfx , 0.9194 igtfx , 0.942
igtfx , N/A igtfx , 0.945

GBP/USD (4 Hour)

igtfx , After breaking the downward trend line on March 26th, igtfx , the GBP/USD gained until it reached the horizontal resistance level around 1.5115. igtfx , Williams’ Percent Range is still moving above the -20 level. The Indicator already reached a high around the -6.04 level, igtfx , which is the resistance from the middle of March and February. igtfx , Nevertheless, igtfx , a break though the level around -20 could be a short signal. igtfx ,
igtfx , Intraday Support & Resistance igtfx , (4 Hour)Support Levels around Resistance Levels around igtfx ,
igtfx , 1.4995 igtfx , 1.5115
igtfx , 1.4925 igtfx , 1.52
igtfx , 1.487 igtfx , 1.536

[igtfxnews]

IGTFX , Market Review – IGTFX , Fundamental Perspective

IGTFX , The AUD gained and reached almost its strongest level since January against the JPY on speculation that investors bought higher-yielding assets on increasing signs of a global economic recovery. IGTFX , The NZD gained the fifth day versus the USD after the International Monetary Fund commentated that New Zealand’s currency overvalued and it may pull down. “Our estimates suggest the currency is presently overvalued by 10 percent to 25 percent,” the IMF said in its statement. IGTFX , “Part of the overvaluation may be temporary and the exchange rate may depreciate as IGTFX , the interest-rate IGTFX , differential narrows with eventual tightening by the U.S. Federal Reserve.” IGTFX , Benchmark interest rate is 2.5 percent in New Zealand while Japan’s rate stays at 0.1 percent and U.S.’ interest rate is near zero. IGTFX , The NZD/JPY fell back after it reached the resistance level around 66.30. IGTFX , It reached a day-low at 65.75 while the AUD/JPY came back after it extended gains towards its highest point around 86.20. IGTFX ,

IGTFX , The USD/JPY climbed to its highest level since the beginning of the year before a report today is expected to show that U.S. IGTFX , employers added jobs the most since three years. The USD/JPY reached a high near 93.62, IGTFX , which is the highest level since January 7th. Today, the USD gained also against the NZD after it dropped yesterday for the fifth time. IGTFX , The pair reached a low around 0.7042 after it opened at 0.7042.IGTFX ,

IGTFX , The CAD climbed to its highest level in almost two weeks against the USD after an economic report showed that the nation grew at the fastest pace in three years in January. IGTFX , The gross domestic product increased 0.6 percent from December, IGTFX , which was the fifth straight rise and the biggest since December 2006, Statistics Canada published in Ottawa. IGTFX , The USD/CAD fell for a fourth day after it touched a day-low near 1.0136. TIGTFX , he CAD/JPY reached a record high around 92.32, IGTFX , which was its highest peak since October 2008. The CAD/CHF pulled up from its support around 1.0330 and reached a high by 1.0396.IGTFX ,

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

NZD/JPY (Daily)

IGTFX , Since February 25th, the NZD/JPY has been moving in a bullish trend channel. IGTFX , After touching the lower line of the channel, it pulled up and reached its resistance level around 66.30. As we can see, IGTFX , the CCI indicator reached its resistance level near 160, which could be a signal for an overvalued NZD.IGTFX ,

IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around. IGTFX ,
IGTFX , 64.85 IGTFX , 66.3
IGTFX , 62.9 IGTFX , 66.85
IGTFX , 60.95 IGTFX , 68.

USD/JPY (Daily)

After breIGTFX , aking the resistance level around 92.20, the USD/JPY extended its IGTFX , upward trend and reached finally the level around 93.40, which is the highest since January. In the meantime, IGTFX , the RSI stayed right below the resistance level at 70, which may indicate an overbought market. IGTFX , If the market doesn’t break the resistance level around 93.40, IGTFX , we might see a pull-back towards the next support level which could be around 92.20.IGTFX ,



IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around.IGTFX ,
IGTFX , 92.2 IGTFX , 93.4
IGTFX , 91.2 IGTFX , 95.45
IGTFX , 88.45 IGTFX , N/A

[igtfxnews]

IGTFX technical analysis, Yesterday, the Australian central bank increased its benchmark interest rate to 4.25%. IGTFX, We are going to report about the IGTFX, AUD and the price influence of the decision. IGTFX, Furthermore we will report about the EUR, IGTFX, USD and the NZD. IGTFX, As Always, IGTFX, we wish you much success in trading today. IGTFX,
IGTFX, Market Review – IGTFX, Fundamental Perspective
IGTFX, The Australian central bank increased its benchmark interest rate to 4.25%. IGTFX, The AUD traded near its highest level against the EUR and the USD. IGTFX, The USD dropped to 0.9275 and the EUR traded near 1.4441 after it reached 1.4410, IGTFX, the weakest level since the launch of the EUR/AUD cross rate. IGTFX, The Reserve Bank Governor Glenn Stevens raised the benchmark to 4.25% and said that the rates need to be closer to average amid an expanding domestic economy. IGTFX, The world’s best performing major currency from the past year will also strengthen further as commodity prices rise. IGTFX, The losses of the NZD versus the IGTFX, AUD were limited after Auckland based Fonterra Cooperative Group Ltd., the world`s largest dairy exporter, said that milk powder prices jumped to the highest level in 21 months. IGTFX, The AUD rose to 1.3153 against the NZD. New Zealand’s benchmark interest rate is 2.5%, IGTFX, compared with 0.1% in Japan and as low as zero in the U.S., IGTFX, many investors find the South Pacific nations very attractive for their investments. IGTFX,

IGTFX, The USD rose the most in almost two weeks versus the EUR as IGTFX, Greece tried to end speculation it may be having doubts about a plan that provides the European Union and International Monetary Fund to support in refinancing its debt. The EUR fell 0.6% and traded around 1.3399. IGTFX, Furthermore the EUR fell versus most of its 16 major counterparts after a report that Greece wants to bypass IGTFX, IMF involvement if it needs assistance because the conditions would be too stringent. IGTFX, The nations finance minister denied it. IGTFX, The JPY strengthened 1.2% against the EUR and reached 125.67. IGTFX,
IGTFX, The EUR weakened 5.7% against the JPY this year and 6.5% versus the USD on concern that Greece will struggle with its financial shortfall. IGTFX, The deficit last year was 12.7%. More than four times higher as the European Union limit. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today

AUD/USD (1 Hour)

IGTFX, Since the end of March, the AUD has been trading in a bullish trend channel against the USD. IGTFX, Yesterday, IGTFX, the currency pair touched the upper line of the channel simultaneously with its resistance near IGTFX, 0.9282 and the prices rebounded. IGTFX, Also the Stochastic indicator may support a bearish trend with a breakthrough of the signal line from the top, f IGTFX, or the next days. IGTFX, Next support could be around 0.9250. IGTFX,
IGTFX, Intraday Support & Resistance (H1) Support Levels around IGTFX, Resistance Levels around IGTFX,
IGTFX, 0.925 IGTFX, 0.9282
IGTFX, 0.9215 IGTFX, N/A
IGTFX, 0.918 IGTFX, N/A

EUR/AUD (1 Hour)

IGTFX, With the end of March, the currency pair traded in a bearish movement. IGTFX, Recently, IGTFX, the EUR touched its weakest level since the launch of the EUR/AUD cross rate. IGTFX, At the moment it looks like there wouldn’t be further supports for the EUR. IGTFX, Furthermore the Force indicator could support a continuing downtrend if it may not break the signal line. IGTFX,
IGTFX, Intraday Support & Resistance (H1) IGTFX, Support Levels around Resistance Levels around IGTFX,
IGTFX, N/A IGTFX, 1.4517
IGTFX, N/A IGTFX, 1.4684
IGTFX, N/A IGTFX, 1.4758

[igtfxnews]

IGTFX technical analysis, IGTFX, The GBP dropped versus 11 of its 16 most traded counterparts and the AUD could continue its bullish trend versus the most counterparts. IGTFX, Furthermore we are going to report about some economic data from the European Zone. IGTFX,
IGTFX, Market Review – IGTFX, Fundamental Perspective
IGTFX, A report in the U.K. showed yesterday, IGTFX, that the growth for IGTFX, U.K service companies is weaker than expected. IGTFX, This increases speculation that the economic recovery runs slower than in other European countries. IGTFX, The GBP fell against the USD 0.4% and traded near 1.5211. IGTFX, Furthermore the GBP snapped a seven day gain versus the EUR and dropped to 0.8755. IGTFX, Also the other major counterparts could climb against the GBP. IGTFX, There are a lot of economic data which let the GBP shrank. IGTFX, The service gauge slipped to 56.5 in March from 58.4 in February. IGTFX, A separate survey showed that the Bank of England may keep its main interest rate at a record low of 0.5% tomorrow. IGTFX, The next increase might happen in November or December this year and then up to 0.75%. IGTFX, The confidence about sales at manufacturers dropped in the first quarter. IGTFX,

IGTFX, The AUD could continue its upward trend today and traded at almost its highest level in more than 18 months versus the JPY after the Bank of Japan kept its benchmark rate near zero. IGTFX, The JPY dropped 0.5% and reached 87.52, IGTFX, the highest level for the AUD since September 2008. IGTFX, Furthermore the EUR and the USD couldn’t increase versus the AUD and traded at the same level as yesterday. IGTFX,

IGTFX, The NZD traded unchanged against the USD and the JPY. IGTFX, The NZD reached 0.7076 versus the USD and 66.22 against the JPY. IGTFX,

IGTFX, In Europe, the economy unexpectedly stagnated in the fourth quarter of the last year as the companies cut spending more than expected. The European Union`s statistics office announced yesterday, IGTFX, that the gross domestic product in the 16-nation euro region remained unchanged compared with the third quarter, IGTFX, when it rose 0.4%. IGTFX, Corporate investments dropped 1.3% instead of the expected 0.8%. IGTFX,



IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today
EUR/GBP (1 Hour)

IGTFX, As you can see, the EUR is trading in a bearish trend channel versus the GBP. Currently, IGTFX, the currency pair broke its support level around 0.8766 and it looks like there wouldn’t be further supports. IGTFX, Only an increasing Momentum may indicate a pull back for the EUR. IGTFX,

IGTFX, Intraday Support & IGTFX, Resistance (H1) IGTFX, Support Levels around Resistance Levels around
IGTFX, N/A IGTFX, 0.8808
IGTFX, N/A IGTFX, 0.885
IGTFX, N/A IGTFX, 0.889


GBP/USD (1 Hour)

IGTFX, Since the last two weeks, IGTFX, the currency pair has been trading in a bullish movement. IGTFX, Two days ago, IGTFX, the GBP touched its upper Fibonacci retracement and the prices rebounded. IGTFX, Now it could be that the prices will fall to its important Fibonacci line near 1.5134 (61.8%) again. IGTFX, A crossing Stochastic Indicator through the signal line from the bottom may indicate a trend reversal. IGTFX,

IGTFX, Support & Resistance IGTFX, (H1)Support Levels around Resistance Levels around. IGTFX,
IGTFX, 1.5135 IGTFX, 1.5276
IGTFX, 1.5079 IGTFX, 1.5317
IGTFX, 1.4986 IGTFX, N/A

[igtfxnews]

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 investor’s 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 , Canada’s 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 ,

[igtfxnews]

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 Zealand’s 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, Australia’s 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,