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 Wed Apr 21, 2010 5:35 am

IGTFX technical analysis, The report today will be about the movements of the IGTFX, CAD against all the major currencies after the Bank of Canada made some comments about their future plans and the nation’s current financial situation. IGTFX, Nevertheless, IGTFX, could u plz send me a copy of ur ID TO we wish you a nice and relaxed trading day. IGTFX,

IGTFX, Market Review – IGTFX, Fundamental Perspective
IGTFX, The strong CAD gained versus a basket of major currencies such as the USD and the IGTFX, JPY after Bank of Canada policy makers said that better-than-expected economic growth and inflation will spur interest-rate increases. IGTFX, The central bank held the benchmark interest rate unchanged since April 2009. IGTFX, “With recent improvements in the economic outlook, the need for such extraordinary policy is now passing and it is appropriate to begin to lessen the degree of monetary stimulus, IGTFX, ” the central bank’s IGTFX, Governor Mark Carney said in a statement from Ottawa. IGTFX, The Policy makers said that inflation will be IGTFX, “slightly higher” than their 2 percent target over the next year while they increased the 2010 economic growth forecast to 3.7 percent from 2.9 percent. IGTFX, The next two meetings will be on June 1st and July 20th. IGTFX,
According to a survey by economists, IGTFX, the central bank will increase its interest rate to 1.25 percent by the end of the year. IGTFX, Canada’s consumer prices climbed 0.4 percent in February after rising 0.3 percent in January, IGTFX, which is more than estimated. IGTFX, They may have posted a straight monthly gain for the third time in March, IGTFX, increasing 0.2 percent, according to a survey before the nation’s statistics get published on April 23rd. The USD/CAD fell for a second day and is trading currently around 0.9940. IGTFX, Yesterday, IGTFX, the pair fell over 160 pips, which was its biggest loss since November 2009. IGTFX, The CAD/CHF gained to its highest level since April 7th after rising over 2.5 percent this week. IGTFX,
IGTFX, The EUR fell versus 14 of its 16 major currencies while we expect IGTFX, Greece to begin talks today on activating a 45 billion-EUR IGTFX, ($61 billion) IGTFX, rescue package. IGTFX, The EUR fell for a second day versus the USD before data are expected to show IGTFX, U.S. IGTFX, existing home sales gained 5.3 percent in IGTFX, March, IGTFX, before the National Association of Realtors report tomorrow. IGTFX, The EUR/USD fell to 1.3422 after it reached a low near 1.3404. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today IGTFX,

GBP/CHF (4 Hour)

IGTFX, Since the middle of March, the GBP/CHF has been trading in a bullish Fibonacci fan. IGTFX, During April, IGTFX, the market gained back after it touched the lower Fibonacci fan level for the second time. IGTFX, At the moment, IGTFX, the pair is trading below the top of the fan. IGTFX, If the market doesn’t break out of the Fibonacci fan, we might see a pull-back towards the middle and lower line. IGTFX,

I IGTFX, ntraday Support & Resistance IGTFX, (4 Hour)Support Levels around Resistance Levels around
IGTFX, 1.6365 IGTFX, N/A
IGTFX, 1.6285 IGTFX, N/A
IGTFX, 1.6205 IGTFX, N/A

USD/CAD (4 Hour)

IGTFX, After the news from Canada yesterday, IGTFX, the USD/CAD has crashed down and seems to have found its support around 99.60. IGTFX, As we can see, IGTFX, the Stochastic Indicator reached the level around 4.00, which could indicate an oversold market. IGTFX, If the support around 99.60 is strong enough, IGTFX, the pair might return back from its losses on the way to cross the resistance level around 0.9995. IGTFX,

IGTFX, Intraday Support & Resistance IGTFX, (4 Hour)Support Levels around Resistance Levels around IGTFX,
IGTFX, 99.60 IGTFX, 0.9995
IGTFX, N/A IGTFX, 1.0065
IGTFX, N/A IGTFX, 1.0085

View user profile

Back to top  Message [Page 1 of 1]

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