RTFX TraderTip >> EUR-CHF Analysis - Monday 17 August 2009

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RTFX TraderTip >> EUR-CHF Analysis - 17 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-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.5154 Scenario for today Market should not go lower than 1.5224 - 1.5197. After this move down it should go up to 1.5266 - 1.5281 area. Key point 1.5203 Entry point 1.5246 Elliott 1.5338 Closing 1.5227 Projection 1.5177 Trendline 1.5305 Trendline 1.5272 Res 2 1.5335 Ex-High 1.5305 Res 1 1.5281 Pivot 1.5251 Sup 1 1.5197 Ex-Low 1.5221 Sup 2 1.5167 1.5330 1.5311 1.5250 1.5231   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.5129 Scenario for this week It looks more likely that it would rise to 1.5321 - 1.5415 from 1.5224 or 1.5177. After which a downside move is expected. Key point 1.5161 Entry point 1.5263 Elliott 1.5365 Closing 1.5227 Projection 1.5110 Trendline 1.5292 Trendline 1.5292 Res 2 1.5415 Ex-High 1.5365 Res 1 1.5321 Pivot 1.5271 Sup 1 1.5177 Ex-Low 1.5221 Sup 2 1.5127 1.5347 1.5314 1.5206 1.5173   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.5382 Scenario for this month Strength can extend to 1.5288 or even 1.5348 as declines are expected to find support at 1.5229 or 1.5171. Stop Loss below 1.5112 zone. Key point 1.5332 Entry point 1.5245 Elliott 1.5007 Closing 1.5231 Projection 1.5382 Trendline 1.5110 Trendline 1.5213 Res 2 1.5465 Ex-High 1.5346 Res 1 1.5348 Pivot 1.5229 Sup 1 1.5112 Ex-Low 1.5110 Sup 2 1.4993 1.5413 1.5355 1.5166 1.5108   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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