Forex Trading Resources

You are not connected. Please login or register

IGTFX technical analysis

Go down  Message [Page 1 of 1]

1 IGTFX technical analysis on Fri Apr 16, 2010 4:14 am

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

View user profile

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum