RTFX TraderTip >> USD-CAD Analysis - Wednesday 17 June 2009

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RTFX TraderTip >> USD-CAD Analysis - 17 Jun 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.1424 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1372 or 1.1411 if support around 1.1317 hold. After which a pullback to 1.1317 - 1.1288 zone is possible. Key point 1.1420 Entry point 1.1335 Elliott 1.0942 Closing 1.1355 Projection 1.1507 Trendline 1.1268 Trendline 1.1329 Res 2 1.1468 Ex-High 1.1373 Res 1 1.1411 Pivot 1.1317 Sup 1 1.1260 Ex-Low 1.1222 Sup 2 1.1166 1.1350 1.1299 1.1136 1.1086   Warning: Harami WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.1422 Scenario for this week If market stays below 1.1235 a fall to 1.1060 is expected. If market breaks the point 1.1332 it could reach the sky. Key point 1.1424 Entry point 1.1201 Elliott 1.0785 Closing 1.1178 Projection 1.1422 Trendline 1.0942 Trendline 1.1099 Res 2 1.1486 Ex-High 1.1291 Res 1 1.1332 Pivot 1.1137 Sup 1 1.0983 Ex-Low 1.0942 Sup 2 1.0788 1.1418 1.1334 1.1063 1.0979   MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It might hold above 1.0913 or 1.0566 for a rise towards above 1.1441 or 1.1621. Stop loss below 1.0205 zone. Key point 1.0813 Entry point 1.1198 Elliott 1.3064 Closing 1.0928 Projection 1.0155 Trendline 1.1969 Trendline 1.1398 Res 2 1.2315 Ex-High 1.1953 Res 1 1.1621 Pivot 1.1260 Sup 1 1.0566 Ex-Low 1.0898 Sup 2 1.0205 1.1918 1.1664 1.0842 1.0588   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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