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IGTFX technical analysis

Discussion in 'Fundamental Analysis' started by igtfx.research, Apr 19, 2010.

  1. igtfx.research

    igtfx.research New Member

    Feb 28, 2010
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    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 – IGTFX, Fundamental


    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 Greece’s 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

    nation’s 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

    Fund’s 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, 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, Intraday Support & IGTFX,

    Resistance (Daily) IGTFX, Support Levels

    around Resistance Levels IGTFX, around

    IGTFX, 90.40 IGTFX, 93.70
    IGTFX, 88.25 IGTFX, 94.30
    IGTFX, 86.05 IGTFX, N/A

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