RTFX TraderTip >> EUR-USD Analysis - Thursday 21 May 2009

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RTFX TraderTip >> EUR-USD Analysis - 21 May 2009 The RF Tradertip™ is the presentation of Nostromo system that includes all the technical indicators and resumes the selected currencies pairs' situation on a daily, weekly and monthly basis. DAILY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.3906 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3879 or 1.3878 if support around 1.3731 hold. After which a pullback to 1.3731 - 1.3681 zone is possible. Key point 1.3854 Entry point 1.3726 Elliott 1.3424 Closing 1.3780 Projection 1.3906 Trendline 1.3623 Trendline 1.3663 Res 2 1.3977 Ex-High 1.3829 Res 1 1.3878 Pivot 1.3731 Sup 1 1.3632 Ex-Low 1.3583 Sup 2 1.3485 1.3762 1.3711 1.3543 1.3492   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.3829 Scenario for this week There are initial signs of a good corrective recovery towards 1.3606 or even 1.3654. Supports at 1.3476 and 1.3394 zone. Key point 1.3609 Entry point 1.3609 Elliott 1.3424 Closing 1.3490 Projection 1.4079 Trendline 1.3488 Trendline 1.3712 Res 2 1.3818 Ex-High 1.3722 Res 1 1.3654 Pivot 1.3558 Sup 1 1.3394 Ex-Low 1.3462 Sup 2 1.3298 1.3878 1.3775 1.3443 1.3340   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There are initial signs of a good corrective recovery to at least 1.3406 or even above 1.3580. Supports at 1.2883 zone. Key point 1.3590 Entry point 1.3345 Elliott 1.2456 Closing 1.3230 Projection 1.4530 Trendline 1.2885 Trendline 1.3314 Res 2 1.3929 Ex-High 1.3582 Res 1 1.3580 Pivot 1.3232 Sup 1 1.2883 Ex-Low 1.2885 Sup 2 1.2535 1.3908 1.3705 1.3049 1.2846   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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