RTFX TraderTip >> USD-CAD Analysis - Monday 17 August 2009

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RTFX TraderTip >> USD-CAD 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.1075 Scenario for today It should trade higher to 1.1074 while 1.0944 or 1.0906 offers support. Stop loss below 1.0867 zone. Key point 1.1076 Entry point 1.0923 Elliott 1.0793 Closing 1.0997 Projection 1.1075 Trendline 1.0814 Trendline 1.0835 Res 2 1.1151 Ex-High 1.1021 Res 1 1.1074 Pivot 1.0944 Sup 1 1.0867 Ex-Low 1.0814 Sup 2 1.0737 1.1071 1.1020 1.0853 1.0802   WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Current rise should end around 1.1117. Objectives of this downmove are 1.0835 or 1.0673. A rise above 1.1237 is again bullish. Key point 1.1073 Entry point 1.0973 Elliott 1.0633 Closing 1.0997 Projection 1.1307 Trendline 1.0793 Trendline 1.0953 Res 2 1.1237 Ex-High 1.1075 Res 1 1.1117 Pivot 1.0955 Sup 1 1.0835 Ex-Low 1.0793 Sup 2 1.0673 1.1136 1.1071 1.0860 1.0795   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 1.1118 Scenario for this month There is bearish potential for a fall to 1.0761 - 1.0441 while 1.1082 - 1.1249 resist. After this fall a recovery up to 1.1249 or 1.1415 is expected. Key point 1.0665 Entry point 1.1067 Elliott 1.3064 Closing 1.0773 Projection 0.9377 Trendline 1.1225 Trendline 1.1225 Res 2 1.2056 Ex-High 1.1724 Res 1 1.1415 Pivot 1.1082 Sup 1 1.0441 Ex-Low 1.0750 Sup 2 1.0108 1.1618 1.1399 1.0691 1.0472   Warning: End of trend - Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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