RTFX TraderTip >> EUR-USD Analysis - Wednesday 27 May 2009

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RTFX TraderTip >> EUR-USD Analysis - 27 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 : irregular flat correction up 1.4096 Scenario for today It should test 1.4072 area after which a sell off down to 1.3889 or extended to 1.3793 area is expected. Key point 1.4028 Entry point 1.3944 Elliott 1.3860 Closing 1.3985 Projection 1.4051 Trendline 1.4020 Trendline 1.4009 Res 2 1.4119 Ex-High 1.4023 Res 1 1.4052 Pivot 1.3956 Sup 1 1.3889 Ex-Low 1.3860 Sup 2 1.3793 1.4054 1.4012 1.3876 1.3834   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.4051 Scenario for this week Difficult to predict next move. It should stay in a trading range between 1.3600 - 1.4227. A break of 1.4452 is needed for a continuation of up trend. Key point 1.4296 Entry point 1.3860 Elliott 1.3424 Closing 1.4001 Projection 1.4051 Trendline 1.3665 Trendline 1.3665 Res 2 1.4452 Ex-High 1.4051 Res 1 1.4227 Pivot 1.3825 Sup 1 1.3600 Ex-Low 1.3424 Sup 2 1.3198 1.4168 1.4044 1.3642 1.3518   Warning: End of trend - Imminent end of bullish move - Engulfing pattern 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 1.4053 1.3816 1.3049 1.2812   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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