RTFX TraderTip >> USD-CHF Analysis - Wednesday 08 July 2009

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RTFX TraderTip >> USD-CHF Analysis - 8 Jul 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-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.0956 Scenario for today It should trade higher to 1.0934 while 1.0844 or 1.0820 offers support. Stop loss below 1.0754 zone. Key point 1.0916 Entry point 1.0859 Elliott 1.0801 Closing 1.0887 Projection 1.0956 Trendline 1.0915 Trendline 1.0874 Res 2 1.0982 Ex-High 1.0915 Res 1 1.0934 Pivot 1.0868 Sup 1 1.0820 Ex-Low 1.0801 Sup 2 1.0754 1.0942 1.0912 1.0814 1.0783   WEEKLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.0994 Scenario for this week It should trade lower to 1.0746. Resistances are at 1.0951 and 1.1034. A break of 1.1156 is bullish, confirmed by a close above 1.1033. Key point 1.0895 Entry point 1.0815 Elliott 1.0633 Closing 1.0868 Projection 1.1022 Trendline 1.0912 Trendline 1.0802 Res 2 1.1034 Ex-High 1.0912 Res 1 1.0951 Pivot 1.0829 Sup 1 1.0746 Ex-Low 1.0707 Sup 2 1.0624 1.0990 1.0934 1.0754 1.0698   Warning: Harami MONTHLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.0663 Scenario for this month It should test 1.0979 area after which a sell off down to 1.0629 or extended to 1.0394 area is expected. Key point 1.0694 Entry point 1.0745 Elliott 1.1965 Closing 1.0863 Projection 1.0663 Trendline 1.0974 Trendline 1.0662 Res 2 1.1256 Ex-High 1.1022 Res 1 1.1060 Pivot 1.0825 Sup 1 1.0629 Ex-Low 1.0591 Sup 2 1.0394 1.1094 1.0989 1.0649 1.0544   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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