IGTFX technical analysis

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IGTFX technical analysis At the end of the week the USD and the JPY lost against its most traded counterparts. However, we wish you a relaxed weekend.
IGTFX technical analysis At the end of the week, the JPY weakened against the USD and the EUR on speculation that the Bank of Japan will step up its credit easing measures to stave off deflation. The EUR rose versus the JPY and reached 121.34. IGTFX reports The USD fetched 89.23 against the JPY. Furthermore the JPY lost versus all off its other most traded counterparts after the JPY borrowing costs fell in London and after the Nikkei English News said that without citing anyone, the central bank will likely discuss more monetary easing measures. Also the USD lost at the end of the week against 12 of 16 major counterparts on speculation that U.S. IGTFX reports payrolls will fall less than expected by economists. IGTFX reports This increased the demand for riskier investments.IGTFX reports The EUR dropped this week 0.2% against the USD and traded at 1.3600.

IGTFX reports U.S. Jobless Claims dropped to 469,000 with the end of the last month said the Labor Department yesterday. That compared with the economists. They expected a drop about 470,000.

AUD/JPY

IGTFX reports Since the beginning of February, the AUD could recover and has been trading in a bullish trend versus the JPY. Currently, the currency pair is trading around its important Fibonacci level at 80.30 (61.8%). At the moment, the price crossed this level but it remains to be seen if the AUD could confirm its breakthrough today. IGTFX reports Furthermore a crossing MA Oscillator through the signal line from below may indicate an increasing trend.
EUR/PLN

IGTFX reports With the beginning of February, the EUR has been trading in a bearish trend versus the PLN. At the middle of the current week, the currency pair crossed its Pivot Point at 3.9177 from the top, but now it seems that the second Pivot Point at 3.8930 could be strong enough to stop the downtrend. IGTFX reports A further signal for a pull back is maybe the RSI indicator which shows us a possible recovery.

 

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IGTFX technical analysis 08-03-2010

IGTFX technical analysis , The repeatedly experience of cold and snowy weather this weekend has broken all hopes . Anyway, we hope you had a great weekend and wish you a successful trading week.

IGTFX reports The EUR gained against the USD and JPY as expectations climbed that the EU will support Greece. The EUR gained for a second day against the JPY after French President Nicolas Sarkozy said that the Euro region is ready to rescue Greece. IGTFX reports The European currency gained versus 12 of the 16 major currencies before a report today expects German industrial output climbed 1 percent in January after falling 2.6 percent the previous month. IGTFX reports The EUR/JPY reached its high at 123.80 after opening the week at 123.08 and a gain of more than 200 pips on Friday. IGTFX reports The EUR/USD gained for a second day as well. IGTFX reports The pair opened the week at 1.3619 and reached its daily-high at 1.3692.

IGTFX reports The JPY fell versus 15 of its 16 major counterparts as Asian shares extended a global stock rally, which curbed demand for the JPY as a refuge currency. IGTFX reports Today, the Nikkei 225 Stock Average headed for its biggest two-day gain in three months while the MSCI Asia Pacific Index of regional shares rose 1.6 percent. IGTFX reports The AUD/JPY climbed for a second day after touching a high at 82.50. IGTFX reports The NZD/JPY climbed to 63.45 before pulling back to 66.33.

AUD/USD

IGTFX reports As you can see, the AUD/USD has been moving along a bullish Fibonacci fan. IGTFX reports After touching the middle line of the fan during the past trading days, the market pulled back and reached the upper level of the fan, which is close to the first weekly pivot resistance. IGTFX reports While the RSI also signals an overbought market, we could expect a pullback towards the middle line of the Fibonacci fan.

USD/JPY

Since February, the USD/JPY has been moving inside a bearish pitchfork channel. IGTFX reports After the market touched the middle of the pitchfork several times, it turned back and reached the top of the fork, trading below the resistance level at 90.80. As you can see, the MACD could signal further gains for the pair. IGTFX reports as If the pair breaks the resistance of 90.80, it may continue its bullish movement.

 

[igtfx.research]

IGTFX technical analysis 08-03-2010

IGTFX technical analysis , The repeatedly experience of cold and snowy weather this weekend has broken all hopes . Anyway, we hope you had a great weekend and wish you a successful trading week.

IGTFX reports The EUR gained against the USD and JPY as expectations climbed that the EU will support Greece. The EUR gained for a second day against the JPY after French President Nicolas Sarkozy said that the Euro region is ready to rescue Greece. IGTFX reports The European currency gained versus 12 of the 16 major currencies before a report today expects German industrial output climbed 1 percent in January after falling 2.6 percent the previous month. IGTFX reports The EUR/JPY reached its high at 123.80 after opening the week at 123.08 and a gain of more than 200 pips on Friday. IGTFX reports The EUR/USD gained for a second day as well. IGTFX reports The pair opened the week at 1.3619 and reached its daily-high at 1.3692.

IGTFX reports The JPY fell versus 15 of its 16 major counterparts as Asian shares extended a global stock rally, which curbed demand for the JPY as a refuge currency. IGTFX reports Today, the Nikkei 225 Stock Average headed for its biggest two-day gain in three months while the MSCI Asia Pacific Index of regional shares rose 1.6 percent. IGTFX reports The AUD/JPY climbed for a second day after touching a high at 82.50. IGTFX reports The NZD/JPY climbed to 63.45 before pulling back to 66.33.

AUD/USD

IGTFX reports As you can see, the AUD/USD has been moving along a bullish Fibonacci fan. IGTFX reports After touching the middle line of the fan during the past trading days, the market pulled back and reached the upper level of the fan, which is close to the first weekly pivot resistance. IGTFX reports While the RSI also signals an overbought market, we could expect a pullback towards the middle line of the Fibonacci fan.

USD/JPY

Since February, the USD/JPY has been moving inside a bearish pitchfork channel. IGTFX reports After the market touched the middle of the pitchfork several times, it turned back and reached the top of the fork, trading below the resistance level at 90.80. As you can see, the MACD could signal further gains for the pair. IGTFX reports as If the pair breaks the resistance of 90.80, it may continue its bullish movement.

 

[igtfx.research]

IGTFX technical analysis, welcome to our Daily FX Report. Today, we are going to report about the Pacific currencies and the Asian economic. We wish you a nice and successful trading day.

IGTFX reports The JPY gained the most in more than a week versus the EUR on expectation that Japanese companies are bringing back earnings back home before the nation’s fiscal year ends this month. IGTFX reports The Japanese currency climbed versus all the 16 major counterparts after Yi Gang, head of China’s foreign-exchange regulation said that speculative capital is flowing into the country. IGTFX reports The EUR/JPY fell to a low at 122.33 while the USD/JPY dipped to 89.88.

IGTFX reports The AUD/JPY fell the most since February 25th and reached a low at 81.59 while the NZD/JPY reached a day-low at 62.70. IGTFX reports Yesterday, the AUD traded near its strongest level in almost seven weeks against the USD as private reports showed that job vacancies jumped in February by the most in more than a decade and business confidence climbed for a second month. IGTFX reports The NZD dipped versus all the 16 major currencies after a government report showed that the nation’s consumer purchases on debit, credit and store cards fell for the first time in eight months. IGTFX reports The AUD/NZD gained to 1.3018 after it reached a high at 1.3027.

GBP/AUD

IGTFX reports As you can see, the GBP/AUD has been moving below a bearish Fibonacci fan. After touching the lower line of the fan during the end of February, the pair pulled down and reached the support level around 1.6500. If the market doesn’t break the support line around 1.6500, IGTFX reports it might pull up towards the bearish Fibonacci fan.

GBP/CAD

IGTFX reports Since the beginning of March, the GBP/CAD has been moving inside a bullish trend channel. While the Bollinger bands maz signalize a direction change, IGTFX reports the pair reached the lower line of the short term bullish trend channel for the third time. If the market will break the lower line of the channel, IGTFX reports we might be able to see further bearish movements.

 

[igtfx.research]

IGTFX technical analysis, welcome to our Daily FX Report. Today, we are going to report about the Pacific currencies and the Asian economic. We wish you a nice and successful trading day.

IGTFX reports The JPY gained the most in more than a week versus the EUR on expectation that Japanese companies are bringing back earnings back home before the nation’s fiscal year ends this month. IGTFX reports The Japanese currency climbed versus all the 16 major counterparts after Yi Gang, head of China’s foreign-exchange regulation said that speculative capital is flowing into the country. IGTFX reports The EUR/JPY fell to a low at 122.33 while the USD/JPY dipped to 89.88.

IGTFX reports The AUD/JPY fell the most since February 25th and reached a low at 81.59 while the NZD/JPY reached a day-low at 62.70. IGTFX reports Yesterday, the AUD traded near its strongest level in almost seven weeks against the USD as private reports showed that job vacancies jumped in February by the most in more than a decade and business confidence climbed for a second month. IGTFX reports The NZD dipped versus all the 16 major currencies after a government report showed that the nation’s consumer purchases on debit, credit and store cards fell for the first time in eight months. IGTFX reports The AUD/NZD gained to 1.3018 after it reached a high at 1.3027.

GBP/AUD

IGTFX reports As you can see, the GBP/AUD has been moving below a bearish Fibonacci fan. After touching the lower line of the fan during the end of February, the pair pulled down and reached the support level around 1.6500. If the market doesn’t break the support line around 1.6500, IGTFX reports it might pull up towards the bearish Fibonacci fan.

GBP/CAD

IGTFX reports Since the beginning of March, the GBP/CAD has been moving inside a bullish trend channel. While the Bollinger bands maz signalize a direction change, IGTFX reports the pair reached the lower line of the short term bullish trend channel for the third time. If the market will break the lower line of the channel, IGTFX reports we might be able to see further bearish movements.

 

[igtfx.research]

IGTFX technical analysis, The Chinese economic data seems to have an influence on the Japanese currency after the JPY fell against other currencies inside the Pacific region. Anyways, we wish you a nice trading day!

The JPY fell to a two-week low versus the NZD on speculation that the Japanese economic rebound will lag behind the rest of the Asia-Pacific region. The Japanese currency fell close to its deepest level in two weeks versus the AUD after a Chinese report today showed that the regions exports increased the most in three years. IGTFX demo China’s exports climbed 45.7 percent in the previous month from a year earlier. It was the third monthly increase and the biggest gain since February 2007. The figure was expected to increase just 38.3 percent, according to a survey. IGTFX demo The AUD/JPY has climbed for the fourth day in a row and rose to a high at 82.50, which was close to its highest level since February 22nd. IGTFX demo The NZD/JPY has gained to a high of 63.63, which is the highest peak since February 23rd. IGTFX demo The GBP fell versus all the 16 major currencies before a U.K. report today, is expected to show that manufacturers increased the production at a slower pace. According to a survey, the output in U.K. expended 0.2 percent in January from December. IGTFX demo The data for the month before showed an increase of 0.9 percent. IGTFX demo The GBP fell for a third day against the USD after it reached a low at 1.4957.

GBP/USD

As you can see, the GBP/USD has been trading bearish from March 8th along the Fibonacci fan and broke two retracement levels. IGTFX demo After touching the 38.20% (around 1.4940), the pair pulled up, entered the bearish Fibonacci fan, but pulled down again after it touched the middle line of the fan. IGTFX demo This might be a sign for a continuing development along the fan on IGTFX demo, which shows in the direction of the 1.4940 support level.

USD/JPY

As you can see, the USD/JPY has been trading along a bearish trend channel with a support around 88.15, including the two resistance levels around 90.70 and 92.10. IGTFX demo The “Williams’ Percent Range” as well as the IGTFX demo “Stochastic Oscillator” both may signalize a continuing movement towards the support level around 88.15.

 

[igtfx.research]

IGTFX technical analysis, The Chinese economic data seems to have an influence on the Japanese currency after the JPY fell against other currencies inside the Pacific region. Anyways, we wish you a nice trading day!

The JPY fell to a two-week low versus the NZD on speculation that the Japanese economic rebound will lag behind the rest of the Asia-Pacific region. The Japanese currency fell close to its deepest level in two weeks versus the AUD after a Chinese report today showed that the regions exports increased the most in three years. IGTFX demo China’s exports climbed 45.7 percent in the previous month from a year earlier. It was the third monthly increase and the biggest gain since February 2007. The figure was expected to increase just 38.3 percent, according to a survey. IGTFX demo The AUD/JPY has climbed for the fourth day in a row and rose to a high at 82.50, which was close to its highest level since February 22nd. IGTFX demo The NZD/JPY has gained to a high of 63.63, which is the highest peak since February 23rd. IGTFX demo The GBP fell versus all the 16 major currencies before a U.K. report today, is expected to show that manufacturers increased the production at a slower pace. According to a survey, the output in U.K. expended 0.2 percent in January from December. IGTFX demo The data for the month before showed an increase of 0.9 percent. IGTFX demo The GBP fell for a third day against the USD after it reached a low at 1.4957.

GBP/USD

As you can see, the GBP/USD has been trading bearish from March 8th along the Fibonacci fan and broke two retracement levels. IGTFX demo After touching the 38.20% (around 1.4940), the pair pulled up, entered the bearish Fibonacci fan, but pulled down again after it touched the middle line of the fan. IGTFX demo This might be a sign for a continuing development along the fan on IGTFX demo, which shows in the direction of the 1.4940 support level.

USD/JPY

As you can see, the USD/JPY has been trading along a bearish trend channel with a support around 88.15, including the two resistance levels around 90.70 and 92.10. IGTFX demo The “Williams’ Percent Range” as well as the IGTFX demo “Stochastic Oscillator” both may signalize a continuing movement towards the support level around 88.15.

 

[igtfx.research]

IGTFX forex We are still focused on the Asia-Pacific currencies while

economists are speculating about the reaction of the Chinese

government. IGTFX forex We hope you will enjoy it and wish you a

relaxed and successful trading day.

Market review
IGTFX forex The JPY and USD climbed against a basket of major

currencies after Chinese reports showed factories and loans fueled,

which added to be concerned about inflation in the region and the

government will act to damp more growth. IGTFX forex The speculation

about an act from the Chinese government boosted demand for low-

yielding currencies as the JPY pulled back from a twoweek low against

the EUR. IGTFX forex China’s consumer prices climbed 2.7 percent from

a year earlier in February while the Industrial output gained 20.7

percent in the first two months of the year. IGTFX forex The EUR/JPY

fell from its yesterdays high at 124.00, which was its highest peak

since February 23rd. IGTFX forex The JPY gained to a high of 123.02

versus the EUR. IGTFX forex The Japanese currency reached a dayhigh at

82.28 versus the AUD after it fell over the past four trading days. It

finally pulled back from its low at 83.32, which was the lowest level

since January 21st. The AUD fell against the USD as it has reached a

seven-week high yesterday. IGTFX forex The bad performance may be

caused by a report that published the nation’s employers added fewer

jobs than economists expected. IGTFX forex The AUD/USD fell to a low

at 0.9114 after it reached a high at 0.9193 yesterday, which was its

strongest level since January 20th.
CAD/CHF

Since February 9th, the CAD/CHF has been moving inside a bullish trend

channel and Fibonacci projection level. IGTFX forex After touching the

100% projection line around 1.0511 for the second time, the market

pulled down and reached the lower line of the trend channel. IGTFX

forex If the market could break out the bullish trend channel, it may

fall towards the lower Fibonacci levels.

CAD/JPY

Since the beginning of February, the CAD/JPY has been trading in an N

formation with a resistance point around 88.30. IGTFX forex Yesterday,

the pair has shown a small break-out through the resistance level

before coming back.IGTFX forex It depends whether the pair will show a

clearly movement along the levels. IGTFX forex If the pair will show a

strong break through the resistance around 88.30, it might continue its

bullish trend inside the channel.

 

[igtfx.research]

IGTFX forex We are still focused on the Asia-Pacific currencies while economists are speculating about the reaction of the Chinese government. IGTFX forex We hope you will enjoy it and wish you a relaxed and successful trading day.

Market review
IGTFX forex The JPY and USD climbed against a basket of major currencies after Chinese reports showed factories and loans fueled, which added to be concerned about inflation in the region and the government will act to damp more growth. IGTFX forex The speculation about an act from the Chinese government boosted demand for low-yielding currencies as the JPY pulled back from a twoweek low against the EUR. IGTFX forex China’s consumer prices climbed 2.7 percent from a year earlier in February while the Industrial output gained 20.7 percent in the first two months of the year. IGTFX forex The EUR/JPY fell from its yesterdays high at 124.00, which was its highest peak since February 23rd. IGTFX forex The JPY gained to a high of 123.02 versus the EUR. IGTFX forex The Japanese currency reached a dayhigh at 82.28 versus the AUD after it fell over the past four trading days. It finally pulled back from its low at 83.32, which was the lowest level since January 21st. The AUD fell against the USD as it has reached a seven-week high yesterday. IGTFX forex The bad performance may be caused by a report that published the nation’s employers added fewer jobs than economists expected. IGTFX forex The AUD/USD fell to a low at 0.9114 after it reached a high at 0.9193 yesterday, which was its strongest level since January 20th.
CAD/CHF

Since February 9th, the CAD/CHF has been moving inside a bullish trend channel and Fibonacci projection level. IGTFX forex After touching the 100% projection line around 1.0511 for the second time, the market pulled down and reached the lower line of the trend channel. IGTFX forex If the market could break out the bullish trend channel, it may fall towards the lower Fibonacci levels.

CAD/JPY

Since the beginning of February, the CAD/JPY has been trading in an N formation with a resistance point around 88.30. IGTFX forex Yesterday, the pair has shown a small break-out through the resistance level before coming back.IGTFX forex It depends whether the pair will show a clearly movement along the levels. IGTFX forex If the pair will show a strong break through the resistance around 88.30, it might continue its bullish trend inside the channel.

 

[igtfx.research]

IGTFX technical analysis, Welcome to our Daily FX Report. We have reached Friday while we had an unpredictable and difficult trading week. IGT forex Nevertheless, we hope you had a successful one. IGT forex wishes u to Have a nice weekend.

Market review

IGT forex The JPY fell to a two-week low versus the EUR after Japanese Finance Minister Naoto Kan said that foreign-exchange intervention is always an option for the government if the currency movements are abrupt. IGT forex The JPY dipped versus all 16 major currencies after Prime Minister Yukio Hatoyama also said that the region’s government could take appropriate measures on the currency. IGT forex Another reason for the bad performance of the JPY could be the speculation that the BoJ will do a fund injection to the financial system to end deflation. IGT forex The BoJ will hold a two-day policy meeting on March 16th and 17th. According to two central bank officials, IGT forex the central bank’s easing options include an injection of 10 trillion JPY ($110 billion) to provide loans to banks. IGT forex The EUR/JPY climbed for a third day after touching a high at 124.17, IGT forex which was the highest level since February 23rd. IGT forex The USD/JPY also gained as it reached a high at 90.75, trading around the resistance level from December 04th 2009 (see report from March 10th). IGT forex The USD reached its fourth weekly gain versus the GBP before a report today is expected to show that confidence among the region’s consumers increased.

CHF/JPY

IGT forex Since February 23rd, the CHF/JPY has been moving inside the lower channel of Andrews’ Pitchfork, which starts at the beginning of February. After touching the 83.00 support level, the pair pulled up and reached the middle line of the Pitchfork. IGT forex Combined with the RSI analysis, we may expect that the middle line of the Pitchfork could give the market resistance to change the direction. IGT forex

GBP/NZD

IGT forex Since the beginning of February, the GBP has been trading along a bearish Fibonacci fan against the NZD. In addition, IGT forex we can see a resistance level around 2.1935 including a bearish trend channel, both starting at February 23rd. IGT forex We expect could a continuing bearish trend while we’ve four resistance levels above the market. IGT forex Should the pair cross over the 2.1935 resistance level, we might see a bullish trend reversal.