IGTFX technical analysis

[igtfx.research]

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

 

[igtfx.research]

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

 

[igtfx.research]

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

 

[igtfx.research]

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

 

[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 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 ,

 

[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 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 ,

 

[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 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,

 

[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 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,

 

[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 yuan’s 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 won’t generate enough jobs or inflation and repeated the Fed’s 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 nation’s 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 China’s 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

 

[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 Greece’s 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 nation’s 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 Fund’s 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