IGTFX technical analysis

IGTFX technical analysis, Today, we are looking to report about the JPY, IGTFX , AUD, EUR and USD. We are also expecting a lot of economic data this week, IGTFX , which could be important indicators for the currency movements. IGTFX , Anyways, we hope you had a great weekend and wish you a nice start in the new trading week. IGTFX ,

IGTFX , Market Review – IGTFX , Fundamental Perspective
IGTFX , The JPY dropped versus most of its major counterparts as signs the global economic recovery is gathering momentum, IGTFX , which sparked demand for higher yielding assets. IGTFX , The USD climbed towards an 11-week high versus the JPY before reports this week, IGTFX , which are from economists expected may show that U.S. IGTFX , labor market is improving. IGTFX , According to a survey, the U.S. IGTFX , may have added 190,000 jobs in March, which would be the most since March 2007. IGTFX , The EUR/USD climbed with a gap and touched the resistance level at 1.3464 before pulling back to 1.3435. IGTFX , The JPY climbed against almost all the major currencies including the CHF after it reached a high at 87.45, IGTFX , which was the highest peak since the end of January. IGTFX ,

IGTFX , The AUD also gained after expectations that the Reserve Bank of Australia may lift its benchmark interest rate to rein inflation. IGTFX , Australia’s retail sales climbed 0.3% in February, after gaining 1.2 percent the previous month, according to a median forecast of economists. IGTFX , Australia’s central bank will hold its next policy meeting on April 6th. IGTFX , The AUD/JPY climbed towards its highest level since the middle of January after it boosted over 60 pips reaching a high at 84.27. IGTFX , The strong AUD also climbed against the USD after it crossed its resistance level around 0.9060 and left the bearish trend channel. IGTFX , The EUR/AUD fell back after it reached a high at 1.4948, the highest point since March 17th.IGTFX ,

IGTFX , The EUR strengthened for a fourth trading day against the JPY after concern about Greece’s financial situation abated and speculation that the 16-nation region’s economic recovery could get derailed were reduced. The EUR/JPY pulled back a bit after it gained to a high at 124.97, IGTFX , which is a resistance level from March 15th and February 22nd. It climbed for a second day against the GBP after it reached a high at 0.9039.

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today


IGTFX , EUR/USD (1 Hour)
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IGTFX , After falling along the bearish pitch and reach a low around 1.3266, the EUR/USD pulled up and started a bullish phase along an upward trend line. IGTFX , After it crossed the upper line of the downward pitchfork, the pair reached a new high near 1.3461 which is very close to its resistance level from March 22nd. IGTFX , If the market cross the resistance level around 1.3464, it may continue its bullish phase along the upward trend line. IGTFX ,
IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around
1.3372 1.35
1.3325 1.3544
1.3266 1.3567

IGTFX , USD/JPY (1 Hour)
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IGTFX , After unexpectedly rising to its highest peak since the beginning of the year, the USD/JPY pulled down a bit and is currently moving close to the support level around 92.30. As you can see, IGTFX , the Bollinger Bands are signalizing a direction change while they are moving close together. If the market breaks the support line around 92.30, IGTFX , the market may recover back from its abrupt increase. IGTFX ,

IGTFX , Intraday Support & Resistance IGTFX , (H1)Support Levels around IGTFX , Resistance Levels around
92.3 92.66
92.1 92.8
91.74 92.93