RTFX TraderTip >> EUR-USD Analysis - Wednesday 12 August 2009

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RTFX TraderTip >> EUR-USD Analysis - 12 Aug 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 : flat correction down 1.4071 Scenario for today It looks set for gains to 1.4186. Supports at 1.4130 and 1.4111. A break of 1.4073 will damage this bullish structure. Key point 1.4112 Entry point 1.4122 Elliott 1.4447 Closing 1.4149 Projection 1.4007 Trendline 1.4141 Trendline 1.4119 Res 2 1.4223 Ex-High 1.4185 Res 1 1.4186 Pivot 1.4148 Sup 1 1.4111 Ex-Low 1.4110 Sup 2 1.4073 1.4320 1.4283 1.4165 1.4129   Warning: Low Zone - Harami WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.4039 Scenario for this week It looks more likely that it would rise to 1.4361 - 1.4550 from 1.4162 or 1.4068. After which a downside move is expected. Key point 1.3991 Entry point 1.4219 Elliott 1.4447 Closing 1.4171 Projection 1.4007 Trendline 1.4142 Trendline 1.4301 Res 2 1.4550 Ex-High 1.4447 Res 1 1.4361 Pivot 1.4257 Sup 1 1.4068 Ex-Low 1.4154 Sup 2 1.3964 1.4396 1.4333 1.4129 1.4066   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.4041 Scenario for this month It should be subject to more sell off towards 1.4043 or 1.3955. Corrective upward swings should face resistance around 1.4655 area. A break of 1.4601 is bullish. Key point 1.4434 Entry point 1.4271 Elliott 1.2456 Closing 1.4252 Projection 1.4530 Trendline 1.4124 Trendline 1.4177 Res 2 1.4601 Ex-High 1.4304 Res 1 1.4426 Pivot 1.4130 Sup 1 1.3955 Ex-Low 1.3833 Sup 2 1.3659 1.4502 1.4376 1.3969 1.3843   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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