1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

IGTFX technical analysis

Discussion in 'Technical Analysis' started by igtfx.research, Mar 9, 2010.

  1. igtfx.research

    igtfx.research New Member

    Feb 28, 2010
    Likes Received:
    IGTFX technical analysis, welcome to our Daily FX Report. Today, we are going to report about the Pacific currencies and the Asian economic. We wish you a nice and successful trading day.

    IGTFX reports The JPY gained the most in more than a week versus the EUR on expectation that Japanese companies are bringing back earnings back home before the nation’s fiscal year ends this month. IGTFX reports The Japanese currency climbed versus all the 16 major counterparts after Yi Gang, head of China’s foreign-exchange regulation said that speculative capital is flowing into the country. IGTFX reports The EUR/JPY fell to a low at 122.33 while the USD/JPY dipped to 89.88.

    IGTFX reports The AUD/JPY fell the most since February 25th and reached a low at 81.59 while the NZD/JPY reached a day-low at 62.70. IGTFX reports Yesterday, the AUD traded near its strongest level in almost seven weeks against the USD as private reports showed that job vacancies jumped in February by the most in more than a decade and business confidence climbed for a second month. IGTFX reports The NZD dipped versus all the 16 major currencies after a government report showed that the nation’s consumer purchases on debit, credit and store cards fell for the first time in eight months. IGTFX reports The AUD/NZD gained to 1.3018 after it reached a high at 1.3027.

    IGTFX reports As you can see, the GBP/AUD has been moving below a bearish Fibonacci fan. After touching the lower line of the fan during the end of February, the pair pulled down and reached the support level around 1.6500. If the market doesn’t break the support line around 1.6500, IGTFX reports it might pull up towards the bearish Fibonacci fan.

    IGTFX reports Since the beginning of March, the GBP/CAD has been moving inside a bullish trend channel. While the Bollinger bands maz signalize a direction change, IGTFX reports the pair reached the lower line of the short term bullish trend channel for the third time. If the market will break the lower line of the channel, IGTFX reports we might be able to see further bearish movements.

Share This Page