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  1. #11

    Default IGTFX technical analysis

    IGTFX technical analysis, We’re proud to provide you with more important news and information related to the FOREX markets. on IGTFX mt4 We wish you a good start into the new trading week and successful trades.

    Market Review – Fundamental Perspective
    IGTFX mt4 The EUR started friendly into the new trading week and climbed near to a five week high versus the JPY as speculation the European Union may bail out Greece boosted demand for the 16- nation currency. IGTFX mt4 A Vienna-based newspaper reported that the Finance Ministers of the EU strapped a 55bln euro emergency package for Greece. IGTFX mt4 While the industrial output in the Euro- Zone strengthened with the strongest pace since the statistics began in 1990, IGTFX mt4 Eurostat reported Friday. IGTFX mt4 The industrial production rose 1.7 % from December. IGTFX mt4 Also the USD/JPY opened higher and rose near to a three-week high during the early Tokyo trading hours on concern that the Bank of Japan will take extra monetary-easing measures at its two-day policy meeting starting tomorrow. IGTFX mt4 Japan’s Prime Minister said last week that the government needs to stop the currency rising adding signs that the government rather the BoJ will intervene against its own currency. IGTFX mt4 “The currency is under pressure from growing expectations the Bank of Japan will ramp up quantitative easing to put an end to falling consumer prices”, said John Kyriakopouloa, head of currency strategy at National Australia Bank in Sydney.

    Moody’s Investors Service told today that the U.S. as well as the U.K. moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debts rose. IGTFX mt4 Both countries will spend more on debt service this year than any other top-rated country.

    New Zealand’s performance of service index climbed 0.6 points in February the Bank of New Zealand said today.

    The USD declined against the CAD to the lowest level since July 2008 on speculation that the higher than expected increase in job creations lead Canada’s central bank to raise its key interest rates earlier. IGTFX mt4 Canada’s unemployment rate fell to 8.2% while economists expected 8.3%.

    The NOK fell versus nine of the 16 most important counterparts after Norway’s Prime Minister pledged to curb the use of oil revenue in the 2011 budget to ensure interest rates stay low as the economy emerges from recession.
    USD/JPY (4 Hour)

    After the USD touched its lowest level on 4th of March the currency pair began to recover. IGTFX mt4 In order of this the USD crossed the 61.8% Fibonacci level around 90.71. IGTFX mt4 But it doesn’t seem that the bulls have enough power for further gains. IGTFX mt4 It remains to be seen if the support around 90.62 could be strong enough.

    EUR/JPY (4 Hour)

    Since the end of February the EUR/JPY has been trading in a bullish trend-channel and touched its resistance level around the 125.24 at last. IGTFX mt4 It seems that the currency pair may change-over in a short consolidation phase and we maybe have to allow some profit takings. IGTFX mt4 But as long as the trend-channel won’t be broken the EUR could be able to attack the 125.24 level again.

  2. #12

    Default IGTFX technical analysis

    IGTFX technical analysis survey stokes fears that the upcoming election may end in a minority government and strained the GBP. However, we wish you a nice and prosperous trading day.

    IGFX technical analysis The GBP declined versus all of its 16 most traded counterparts and dropped against the USD the most in two weeks as a national poll showed that the U.K. may face a minority government after the upper house election this July. IGFX technical analysis The GBP/USD fell 1.1 percent to 1.5034 while the EUR/GBP rose 0.3 percent to 90.83 yesterday. IGFX technical analysis Futures traders at the CME are more bearish than ever on GBP amid concern that the currency’s worst annual start in 13 years will continue.IGFX technical analysis The bearish gamblers outnumber the bulls by eight times more than George Soros made $1bln betting against the sterling in 1992. IGFX The USD extended its gains versus the GBP during the early Asia trading hours on speculation that the Federal Reserve may eliminate its commitment to key interest rates near zero for an “extended period” at its meeting today. IGFX technical analysis The EUR/USD declined on Monday as euro-zone officials damped speculation down that the Finance Ministers will adopt a rescue strategy to bail out Greece this week. IGFX technical analysis The euro-zone still hopes that Greece’s budget cuts will make a bailout unnecessary. IGFX technical analysis
    IGFX technical analysis, The CHF climbed against the EUR to its highest level in almost 17 months as a government report showed that the annual producer and import prices declined at the slowest pace in more than a year adding signs that the SNB may stop selling its own currency. IGFX technical analysis The central bank started selling a year ago to contain declining consumer prices and to prevent from a deflation.
    IGFX technical analysis The AUD/JPY weakened for a second day on concern the minutes of its central bank’s March meeting will signal a slower pace to future interest rate increases after the bank already rose borrowing costs to 4 percent at its gathering.
    IGFX technical analysis The demand for NZD/USD was limited on concern a U.S. IGFX technical analysis report may show that the housing starts dropped in February; raising speculation the global recovery is slowing which cuts demand for so called higher-yielding assets.IGFX technical analysis
    Daily Technical Analysis from IGFX technical analysis - Our Focus Currencies for Today

    GBP/USD (2 Hour)

    IGFX technical analysis After the GBP broke through its short-term support as shown in our report yesterday, the currency pair declined near to the 1.5000 level. IGFX technical analysis Thus it seems unlikely to cross the overall longterm bearish trend-line rather we maybe have to allow for a continuing bearish movement near to 1.4872 if the support around the 1.5000 level won’t be strong enough.IGFX technical analysis

    EUR/GBP (2 Hour)

    IGFX technical analysis Since the middle of February the EUR/GBP has been trading close to a bullish trend-line and touched already its resistance around 0.9143 twice. IGFX technical analysis Now it remains to be seen if the trend could support the bulls once again to climb over the resistance around 0.9100 otherwise it may fall back near to its support around 0.9046.IGFX technical analysis

  3. #13

    Default IGTFX technical analysis

    IGTFX technical analysis, The Federal Reserve extended its low-borrowing-cost policy once again and higher prices for raw material affected parts of the FOREX market especially the higher yielding assets. IGTFX technical analysis Enjoy the report and have a nice trading day. IGTFX
    IGTFX. The Federal Reserve kept the federal funds rate target for overnight loans between banks near zero and repeated its pledge to keep it there for an “extended period”. IGTFX The Fed also said that the emergency measures to prop up the housing market will end as planned this month. IGTFX After this decision the JPY climbed near to a one-week high versus the USD on concern the Bank of Japan will abstain from significant easing measures. IGTFX The EUR/JPY opened the Asia session higher and may head for a second winning day as the rating agency Standard & Poor’s affirmed its BBB+ long-term rather A-2 short-term credit rating for Greece. IGTFX The GBP/AUD raised more than 130 pips yesterday as U.K. stocks strengthened and a new poll eased concern that the election this year won’t produce a clear winner.IGTFX

    IGTFX The CAD rose to the strongest level in almost two-years against the USD. IGTFX It climbed as much as 0.6 percent at its highest level as gold and crude oil gained. IGTFX Raw materials account about half of Canada’s export sales.

    IGTFX The CHF strengthened against 12 of its 16 most active traded counterparts as the government raised its forecast for 2010 growth amid improved consumer spending. IGTFX The State Secretariat for Economic -IGTFX- Affairs said the Swiss gross domestic product may expand 1.4 percent this year. The USD/CHF declined yesterday from 1.0619 at its opening to 1.0534 at its lowest level. IGTFX

    IGTFX Also the AUD gained versus the JPY as well as the USD as raw material prices increased. IGTFX The AUD/USD touched a two-month high while the AUD/JPY traded nearly unchanged around 83.00 level during the early Tokyo trading hours. IGTFX The NZD, as well a commodity-linked currency, IGTFX climbed to a six-week high against the USD yesterday but as a report showed this morning that New Zealand’s consumer confidence declined for a second quarter it came under pressure and lose some of its earlier gains. IGTFX

    IGTFX Daily Technical Analysis - Our Focus Currencies for Today

    USD/JPY (2 Hour)

    IGTFX Since the middle of January the USD/JPY has been trading close to a bearish trend line. IGTFX After the USD reached its lowest level at the end of February the currency pair started a recovery phase close to a bullish trend-line as you can see in the picture. IGTFX A rising Momentum may indicate further bullish movements near to the resistance around 90.82. IGTFX

    EUR/JPY (2 Hour)

    IGTFX The EUR/JPY broke through its mid-term bearish trend-line after it fell to the 120.00 level last month and crossed the third Fibonacci fan at last. IGTFX But the falling positive DMI and an ADX at such a low level could indicate that the bulls have not enough assistance to cross the next resistance at 124.48. IGTFX If the currency pair will fail to cross it may decline near to the next support around 123.67 rather its bullish-line. IGTFX

  4. #14

    Default IGTFX technical analysis

    IGTFX technical analysis
    It still seems that Europe’s officials can’t agree upon a rescue package for Greece and thus the FOREX market seems to react very sensitive of every new related report. However, we wish you a nice and successful trading day.

    IGTFX live chat, Yesterday the EUR/USD fell from a five-week high having a spokesman for the German Chancellor Angela Merkel’s party said that Greece should go to the International Monetary Fund if it needs help and damped speculation that the European Union may adopt a rescue package for Greece. Due to the fact that Standard & Poor’s decided to left Greece credit ratings unchanged the expectations for price swings in the EUR/USD declined to a 19-month low. IGTFX live chat, The one-month volatility, used to price options, showed that traders expect movements of only 9.08 percent, the lowest level since August 2008. IGTFX live chat, After the EUR rose versus the JPY initially as the Bank of Japan extended a loan program to combat the national deflation the currency pair rebounded during the course of the day related to the most discussed topic, Greece. IGTFX live chat, The GBP rose against the USD from 1.5243 at its opening to 1.5382 at the highest level as a U.S. IGTFX live chat, report showed that the wholesale price declined in February more than expected. IGTFX live chat, The 0.6 percent decrease was the biggest since July 2009 adding signs that the U.S. inflation pressure is cooling down and may assist the Fed for its low-borrowing-cost policy.IGTFX live chat,

    IGTFX live chat, The CAD expanded its gains against the USD and approaches the parity level. IGTFX live chat, The USD/CAD weakened to 1.0071, the lowest level in almost 20 months on concern that a Canadian report may show tomorrow that the consumer price index increased 0.3 percent in February.IGTFX live chat,

    IGTFX live chat, The higher yielding assets AUD and NZD started friendly into the Asian session today as gains in stocks and especially in continuing gains in commodities. IGTFX live chat, Furthermore the AUD profits from so called “carry trades”. IGTFX live chat, The benchmark interest rate is 4 percent in Australia and compared with the counterparts in the U.S. rather Japan which are around 0.1 percent it seems very worthwhile for some traders.

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


    EUR/USD (Daily)

    IGTFX live chat, After the EUR/USD traded close to a bearish trend-line from December till March it recovered and is still trading close to a young bullish trend-line. IGTFX live chat, After the currency pair crossed the bearish trend it touched its next resistance around 1.3797 but failed to cross it. IGTFX live chat, As you can see, the stochastic indicator touched the same high level as two times before which heralded strong bearish movements in the past.IGTFX live chat,

    EUR/JPY (4 Hour)
    IGTFX live chat, After the EUR/JPY reached its resistance at 125.06 yesterday for the second time this week it rebounded and fell near to its bullish trend-line. IGTFX live chat, This trend-line runs close to the 50% Fibonacci Fan and seems to have enough power to support the bulls. IGTFX live chat, The low level of the stochastic indicator may also suggest upcoming bullish movements. IGTFX live chat,

  5. #15

    Default IGTFX technical analysis

    IGTFX technical analysis,
    igt fx, Speculations related to Greece’s rescue package go to the next round and it remains to be seen how long the speculation will go on until Europe may find a join solution. igt fx, However, we hope you enjoyed the first week with our expanded igt fx, Report and wish you a nice weekend.igt fx,

    igt fx, Market Review – Fundamental Perspective

    igt fx, The EUR weakened versus the USD to the lowest level since the 10th of March to 1.3587 as Greece’s prime minister set a one-week deadline for the European Union to set up a financial rescue package and raised fears that Greece will fail to secure financial assistance from the EU. igt fx, Also the EUR/CHF boosted its downward trend once again and declined near to its lowest level in 17 months as Jean-Pierre Danthine, a SNB Government Board member said yesterday that policy makers can’t keep borrowing costs near zero for an extended period of time and maintain purchases of foreign currencies indefinitely. igt fx, The GBP/USD recovered and compensated its Wednesday’s gains as the Federal Reserve Bank of Philadelphia economic index rose to 18.9 percent from 17.6 one month earlier, readings greater than zero indicate growth. igt fx, Foreign long- igt fx, Term investments in the USA, including setting up wholly owned subsidiaries, joint ventures and buying stakes in existing American companies decreased last year to $152.1bln from $319.7bln in 2008, a Commerce Department report showed yesterday. U.S. investments abroad fell 33 percent last year to the lowest level since 2005. igt fx, The national current account deficit narrowed to $419.9bln in 2009, the smallest since 2001, according to the Commerce Department. igt fx, The USD/JPY closed nearly unchanged at 90.45 after opening at 90.37.igt fx,

    igt fx, As prices for the April delivery of crude oil declined 0.9 percent on the NYMEX the USD/CAD rebounded after a two-days winning streak near to the parity. igt fx, The USD closed on Thursday near its highest level against the CAD at 1.0141 and rose up to the 1.0152 level during the early Asia trading hours tonight.igt fx,
    igt fx, The AUD/NZD headed for its biggest increase since December on speculation the interest rate gap between both nations will narrow. igt fx, The AUD fell against the NZD from 1.2932 at its opening to 1.2855 at its lowest level.
    igt fx, Daily Technical Analysis - Our Focus Currencies for Today
    EUR/USD (1 Hour)

    igt fx, While the EUR/USD crossed its resistance around the 1.3797 level as shown in the yesterday’s report the currency pair rebounded heralded by a long packing Doji close to a bearish trend-line. igt fx, For the time being it seems that the support around 1.3597 stops the bearish movement. igt fx, The RSI may show nearly an oversold market even though the short-term moving average is still trading lower than its long-term counterpart and maybe won’t suggest a trend-reversal shortly. igt fx,

    USD/JPY (4 Hour)

    igt fx, After the USD traded bearish versus the JPY during the end of February it recovered close to a bullish trend-line. igt fx, Having the currency pair crossed this line and lost its support it has been trading in a bearish trend-channel mostly between the 50.0% rather 61.8% Fibonacci retracement line. igt fx, It remains to be seen if the currency pair could break through one of them, the contracting Bollinger Bands may suggest an upcoming break-out.

  6. #16

    Default IGTFX technical analysis

    IGTFX technical analysis
    We hope you enjoyed your weekend and could start relaxed into the new trading week. Around the world speculation regarding raising interest rates affected the FOREX market.IGTFX technical analysis It seems that more and more central banks are looking for the exit of the quantitative easing policy. However, we wish you a successful trading day.IGTFX technical analysis

    IGTFX technical analysis Market Review – Fundamental Perspective

    IGTFX technical analysis The JPY rose against 12 of its 16 most-traded counterparts on concern the Bank of Japan may increase its key interest rates at its next meeting on April 7th. IGTFX technical analysis Some economists expect that the BoJ may end its low-borrowing-cost policy after the Reserve Bank of India unexpectedly raised its interest rates last week and on concern that also policy makers in China may follow. IGTFX technical analysis The CHF/JPY rose from 84.97 at its opening to 85.37 at its highest level during the early Asia trading session. The EUR/USD is continuing the bearish trend from last week and fell during the Tokyo trading hours to 1.3511 as on speculation that the German Chancellor let fail a summit regarding a Greece rescue package this week. IGTFX technical analysis While the most of all Euro-Zone Ministers prefer to adopt emergency measures for Greece the German Chancellor Angela Merkel may block this plan a German newspaper reported. IGTFX technical analysis Merkel told in an interview yesterday that EU leaders must not create “illusions” for markets by building expectations for Greek aid. IGTFX technical analysis The EUR/CAD fell to the lowest level since November 2007 to 1.3632 amid speculation that the Bank of Canada may also exit the low-borrowing-cost policy and could increase interest rates soon. IGTFX technical analysis The GBP tumbled against the EUR and the USD having the Bank of England policy maker Andrew Sentance said that Britain may return to recession adding signs that the BoE need to keep the interest rates at the current record low. IGTFX technical analysis Advanced economies face “acute” challenges in tackling high public debt and unwinding existing stimulus measures will not come close to bringing deficits back to prudent levels, said John Lipsky, first deputy managing director of the International Monetary Fund in a speech yesterday at the China Development Forum in Bejing. IGTFX technical analysis

    IGTFX technical analysis The AUD/USD began the week bearish after it closed at 0.9154 on Friday near its previous week closing. IGTFX technical analysis The currency pair rebounded after the Reserve Bank of India increased the interest rates and on declining commodity prices. Due to the same reason the NZD/USD weakened as well. IGTFX technical analysis

    IGTFX technical analysis Daily Technical Analysis - Our Focus Currencies for Today

    EUR/USD (Daily)

    IGTFX technical analysis Since December 2009 the EUR/USD has been trading in a bearish environment and according to our last report we saw further bearish movements on Friday. IGTFX technical analysis The chart shows a complete flag formation and may suggest continuing downward movements. IGTFX technical analysis On the other hand-site the negative DMI indicator failed to cross the 30 level and rebounded which could be an indicator for less bearish power. IGTFX technical analysis It remains to be seen if the next support around 1.3482 could stop the trend. IGTFX technical analysis

    CHF/JPY (1 Hour)

    IGTFX technical analysis Since the currency pair lost its support of the bullish trend-line last Thursday it traded in a trendless zigzag movement. IGTFX technical analysis If we consider the MACD indicator, which may denote that the youngest bearish movement may not have enough power to break through the support around 85.14, it maybe suggest that the CHF/JPY could confirm a new bullish trend-line. But it remains to be seen if the currency pair could cross the next resistances around 85.37 rather 85.72. IGTFX technical analysis

  7. #17

    Default IGTFX technical analysis

    Tuesday, March 23, 2010
    IGTFX technical analysis. The CHF seems to be one of the winners of the Greece discussion and climbed to its highest level since EUR introduction in 1999. IGTFX technical analysis, However, we wish you successful trades and enjoy your day. IGTFX technical analysis,
    Market Review – Fundamental Perspective IGTFX technical analysis,
    The CHF climbed versus the EUR to its highest level since before the 16-nation currency was set up in 1999 as traders bet that the Swiss National Bank may relaxing its policy of selling CHF to curb its strength. The demand for the CHF as a refuge also boosted a new speculation that the Euro-Zone Ministers may deny any financial rescue measures for Greece affected the FOREX market. IGTFX technical analysis, The President of the European Central Bank, Jean-Claude Trichet, spoke out against offering low-interest loans for which the Greek government asks for while the German Chancellor Angela Merkel argues for sanctions against nations that breach the deficit limits of the Euro-Zone. IGTFX technical analysis, In the course of the day the EUR/USD recovered after three bearish trading days and rose to 1.3568 at the highest level as Luxembourg’s Jean-Claude Juncker, who heads the group of euro-region finance ministers, said that the EU will not “abandon” Greece. The GBP strengthened against 15 of its 16 most-important counterparts on Monday. IGTFX technical analysis, The EUR/GBP weakened from 0.9017 at its opening and touched the lowest level at 0.8971. IGTFX technical analysis,
    The AUD and NZD decreased against the JPY on speculation that Japanese companies will bring home their overseas earnings before the fiscal year ends next week. The NZD/USD compensate its yesterday losses during the early Asia trading session on concern a report may show this week that New Zealand’s economy grew at the fastest pace since two years. IGTFX technical analysis, Economists expect that the gross domestic product may grow 3.1 percent in the year ending in March 2011. IGTFX technical analysis,
    The USD/CAD extended its recovery phase after the currency pair fell last week near to the parity on speculation that the bullish CAD rally last week was too fast to be sustained. IGTFX technical analysis, The currency pair rose yesterday from 1.0166 at its opening to 1.0244 at the highest level. IGTFX technical analysis, Also the EUR climbed against the CAD after three bearish trading days as crude oil, one of the most important exports for Canada, touched a two-week low at 78.57. IGTFX technical analysis,

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

    IGTFX technical analysis, The EUR/CHF has been trading in a bearish environment and boosted its downward movement obviously at last. In order of that the currency pair fell to a new all-time low yesterday. IGTFX technical analysis, From a technical point of view it seems that there are currently no support levels, except the RSI indicator which could show a strongly oversold market and may suggest profit takings. IGTFX technical analysis,
    IGTFX technical analysis, Intraday Support & Resistance (Daily)
    Support Levels around Resistance Levels around
    N/A 1.4399
    N/A 1.4530
    N/A 1.4646
    EUR/USD (1 Hour)

    IGTFX technical analysis, The currency pair rebounded yesterday from its early losses as the short-term moving average crossed the mid- rather long-term counterpart. IGTFX technical analysis, But after the EUR bulls failed to cross the resistance level around 1.3567 close to the 38.2% Fibonacci Fan line it suggests a test of the support area on the downside around 1.3539, especially in considering due to the fact that the short-term moving average tumbled again. IGTFX technical analysis,
    IGTFX technical analysis, Intraday Support & Resistance (H1)
    IGTFX technical analysis, Support Levels around Resistance Levels around
    85.14 85.37
    84.86 85.72
    N/A 85.86

  8. #18

    Default IGTFX technical analysis

    Tuesday, March 23, 2010
    IGTFX technical analysis. The CHF seems to be one of the winners of the Greece discussion and climbed to its highest level since EUR introduction in 1999. IGTFX technical analysis, However, we wish you successful trades and enjoy your day. IGTFX technical analysis,
    Market Review – Fundamental Perspective IGTFX technical analysis,
    The CHF climbed versus the EUR to its highest level since before the 16-nation currency was set up in 1999 as traders bet that the Swiss National Bank may relaxing its policy of selling CHF to curb its strength. The demand for the CHF as a refuge also boosted a new speculation that the Euro-Zone Ministers may deny any financial rescue measures for Greece affected the FOREX market. IGTFX technical analysis, The President of the European Central Bank, Jean-Claude Trichet, spoke out against offering low-interest loans for which the Greek government asks for while the German Chancellor Angela Merkel argues for sanctions against nations that breach the deficit limits of the Euro-Zone. IGTFX technical analysis, In the course of the day the EUR/USD recovered after three bearish trading days and rose to 1.3568 at the highest level as Luxembourg’s Jean-Claude Juncker, who heads the group of euro-region finance ministers, said that the EU will not “abandon” Greece. The GBP strengthened against 15 of its 16 most-important counterparts on Monday. IGTFX technical analysis, The EUR/GBP weakened from 0.9017 at its opening and touched the lowest level at 0.8971. IGTFX technical analysis,
    The AUD and NZD decreased against the JPY on speculation that Japanese companies will bring home their overseas earnings before the fiscal year ends next week. The NZD/USD compensate its yesterday losses during the early Asia trading session on concern a report may show this week that New Zealand’s economy grew at the fastest pace since two years. IGTFX technical analysis, Economists expect that the gross domestic product may grow 3.1 percent in the year ending in March 2011. IGTFX technical analysis,
    The USD/CAD extended its recovery phase after the currency pair fell last week near to the parity on speculation that the bullish CAD rally last week was too fast to be sustained. IGTFX technical analysis, The currency pair rose yesterday from 1.0166 at its opening to 1.0244 at the highest level. IGTFX technical analysis, Also the EUR climbed against the CAD after three bearish trading days as crude oil, one of the most important exports for Canada, touched a two-week low at 78.57. IGTFX technical analysis,

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

    IGTFX technical analysis, The EUR/CHF has been trading in a bearish environment and boosted its downward movement obviously at last. In order of that the currency pair fell to a new all-time low yesterday. IGTFX technical analysis, From a technical point of view it seems that there are currently no support levels, except the RSI indicator which could show a strongly oversold market and may suggest profit takings. IGTFX technical analysis,
    IGTFX technical analysis, Intraday Support & Resistance (Daily)
    Support Levels around Resistance Levels around
    N/A 1.4399
    N/A 1.4530
    N/A 1.4646
    EUR/USD (1 Hour)

    IGTFX technical analysis, The currency pair rebounded yesterday from its early losses as the short-term moving average crossed the mid- rather long-term counterpart. IGTFX technical analysis, But after the EUR bulls failed to cross the resistance level around 1.3567 close to the 38.2% Fibonacci Fan line it suggests a test of the support area on the downside around 1.3539, especially in considering due to the fact that the short-term moving average tumbled again. IGTFX technical analysis,
    IGTFX technical analysis, Intraday Support & Resistance (H1)
    IGTFX technical analysis, Support Levels around Resistance Levels around
    85.14 85.37
    84.86 85.72
    N/A 85.86

  9. #19

    Default IGTFX technical analysis

    IGTFX technical analysis, Maybe the discussions related to financial measures for Greece come to an end and the 16 euronations may find a joint solution for the worst-case scenario if Greece couldn’t get enough liquidity at the market to refinance their payable debts.IGTFX , However, we wish you a nice day and successful trades.IGTFX technical analysis
    Market Review – Fundamental Perspective

    IGTFX , The EUR slid against the USD to a 10-month low as Fitch Ratings downgraded Portugal’s credit grade to AA- with a negative outlook. IGTFX , The 16-nation currency also weakened against 12 of its 16 most-traded counterparts after French and German leaders agreed any Greek financial measures would require help from the International Monetary Fund. IGTFX , The EUR/CHF keep on moving near its all-time low on concern the Swiss National Bank is abandoning a policy of curbing the CHF gains. IGTFX , “Right now it’s uncertain whether Greece will get bailed out and by whom.IGTFX , ” This, coupled with Portugal’s downgrade, has everyone moving away from the EUR”, a currency strategist said yesterday. The GBP/USD tumbled as the IGTFX , U.K. IGTFX , government published the budget-plan for 2010/2011 which showed that the deficit will widen to 11.8% of the GDP. The currency pair fell to 1.4864 at its lowest level after opening at 1.5048.IGTFX ,

    IGTFX , The USD/NOK climbed from 5.9433 at its opening to 6.0413 at its closing as the Norwegian central bank decided to maintain its key interest rates at 175bps at its meeting today.IGTFX ,

    IGTFX , The CAD declined against the USD as the Bank of Canada Governor, Mark Carney, reiterated that the commitment to keep interest rates at a record low through June “is expressly conditional on the outlook for inflation”. IGTFX , Furthermore falling crude oil prices put pressure on the CAD. IGTFX , The price for the May contract delivery fell by 1.8%, crude oil is the most important export of Canada.IGTFX ,

    IGTFX , New Zealand’s gross domestic product rose 0.8% from the previous three months as consumer spending, manufacturing and house construction increased in the last quarter of 2009, a report showed today in Wellington. IGTFX , It was the fastest pace in two years and more than economists expected. IGTFX , After the NZD/USD dropped yesterday from 0.7075 to 0.7020 the currency pair started friendly in the Asia session and recovered to 0.7035.IGTFX ,
    IGTFX , Daily Technical Analysis - Our Focus Currencies for Today
    EUR/USD (Daily)

    IGTFX , On a long-term view the EUR/USD has been trading in a bearish trend-channel since November 2009 and seems to completing the second bearish flag-formation. In order to this, the currency pair crossed the 28.6% Fibonacci retracement line around 1.3411 and lost its support. IGTFX , Also the MACD indicator may denote further bearish movements. On the other hand-side the falling negative DMI may indicate less power on the downside.IGTFX ,

    IGTFX , Intraday Support & Resistance (Daily)Support Levels around IGTFX , Resistance Levels around
    1.3243 1.3411
    1.3113 1.3743
    N/A 1.4011
    EUR/CHF (1 Hour)

    IGTFX , The EUR/CHF has been trading close to a bearish trend-line and touched a new all-time low this week. IGTFX , At this low level it seems that the currency pair tries to build a new basement and rebounded near to the first bearish trend-line. IGTFX , The short-term moving average (yellow-line) reversed once again and if it could cross its long-term counterpart it may herald further bearish movements. IGTFX , On the other hand-site the Stochastic could suggest increasing bull’s power.IGTFX ,



    IGTFX , Intraday Support & Resistance (H1)Support Levels around Resistance Levels around
    1.4260 1.4292
    1.4234 1.4303
    N/A 1.4329
    IGTFX

  10. #20

    Default IGTFX technical analysis

    IGTFX IGTFX technical analysis , The EU leaders found a joint solution for Greece debt difficulties at a summit on Thursday evening finally. IGTFX IGTFX It remains to be seen if that would help to stabilize the EUR. IGTFX However, we wish you a successful trading day and have a nice weekend. IGTFX

    IGTFX Market Review – IGTFX Fundamental Perspective

    IGTFX Before the EU summit yesterday evening the EUR extended its losses versus the USD touching its lowest level at 1.3268. IGTFX Weeks of speculation and uncertainty how the euro-nations could help Greece for the case of illiquidity came yesterday evening to an end as the leaders of all 16-euronations endorsed a joint proposal of France and Germany for a mix of IMF and bilateral loans. IGTFX , Each country would provide non-subsidized loans to Greece based on its stake in the ECB, a statement said. IGTFX , Altogether Europe would provide more than half the loans and the International Monetary Fund brings the rest. IGTFX , Nevertheless the loans will only be paid if Greece has no more options at the market to refinance its debts. IGTFX , Every euro-nation needs to validate this fact and have a veto. IGTFX , After the summit the EUR rose versus 14 of its 16 most-traded counterparts as Jean-Claude Trichet, President of the ECB said that he was “happy” that the region found a solution. IGTFX , The EUR/JPY gained yesterday for the second day to 123.90 at the highest level while the EUR/GBP closed nearly unchanged at 0.8961. IGTFX , The JPY strengthened from a 10-month low against the USD on speculation that Japanese exporters took advantage of its largest weekly loss this year to purchase the currency before the fiscal year will ends next week. IGTFX , Japan’s consumer prices declined for the 12th month in February, the statistic bureau in Tokyo said today. Prices excluding fresh food slid 1.2 percent from a year earlier. The GBP/USD declined as U.K. IGTFX , Chancellor of the Exchequer Alistair Darling said that the revised down his growth forecast for 2011, in line with the Bank of England forecast. IGTFX ,
    IGTFX , The NZD climbed versus the JPY as the national trade surplus widened in February after rising commodity prices and a seasonal increase in farm production stoked exports. IGTFX , The AUD/USD heading for the first weekly loss this month and traded near the lowest level since March 9th on concern the Greece rescue package may curb demand for the so called higher yielding assets. IGTFX ,

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


    EUR/USD (1 Hour)

    IGTFX , During the Europe session the currency pair fell near to its daily support level around 1.3243, as shown in the report yesterday, before the EUR/USD recovered in the late U.S. trading hours. IGTFX , From the point of recovery the short-term moving average reversed its movement and seems to cross its long-term counterpart shortly. IGTFX , This maybe boosts the bulls and could be the beginning of an attack to the bearish trend-line. IGTFX , The ADX may show that the bearish power is nearly zero. IGTFX ,

    IGTFX , Intraday Support & Resistance (H1)Support Levels around Resistance Levels around
    1.3310 1.3324
    1.3295 1.3375
    1.3271 1.3435

    EUR/JPY (4 Hours)

    IGTFX , The EUR/JPY has been moving in a zigzag movement. IGTFX , As you can see the currency pair fell this week near to the March opening until it rebounded again. IGTFX , But now it seems that the bulls failed to cross the resistance around 123.49 and a long roving Doji may suggest a trend-reversal. IGTFX , Also the Commodity Channel Index may indicate a bearish trend as it crossed its +100 line yesterday.

    IGTFX , Intraday Support & Resistance (H4)Support Levels around Resistance Levels around IGTFX ,
    122.80 123.49
    122.18 123.96
    121.54 124.53

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