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IGTFX technical analysis

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IGTFX technical analysis

Post by igtfxnews on Mon Apr 19, 2010 11:19 am

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 Ė 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 Greeceís 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

nationís 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

Fundís 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

igtfxnews

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