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

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RTFX TraderTip >> GBP-USD 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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.6640 Scenario for today While above 1.6507 - 1.6473 zone a corrective upmove could test 1.6569 or 1.6597. After which it should resume its downtrend. Key point 1.6535 Entry point 1.6525 Elliott 1.6391 Closing 1.6530 Projection 1.6640 Trendline 1.6524 Trendline 1.6530 Res 2 1.6665 Ex-High 1.6608 Res 1 1.6597 Pivot 1.6541 Sup 1 1.6473 Ex-Low 1.6484 Sup 2 1.6417 1.6623 1.6584 1.6456 1.6417   Warning: Harami WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6389 Scenario for this week Current fall is near an end of wave around 1.6375 zone, a rally should then procede to above 1.6702. Fall below 1.6219 would cancel this scenario. Key point 1.6506 Entry point 1.6476 Elliott 1.7043 Closing 1.6530 Projection 1.6389 Trendline 1.6718 Trendline 1.6393 Res 2 1.6873 Ex-High 1.6718 Res 1 1.6702 Pivot 1.6546 Sup 1 1.6375 Ex-Low 1.6391 Sup 2 1.6219 1.6741 1.6665 1.6420 1.6344   MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It should trade lower to 1.6215. Resistances are at 1.6963 and 1.7221. A break of 1.7711 is bullish, confirmed by a close above 1.7411. Key point 1.6938 Entry point 1.6571 Elliott 1.3504 Closing 1.6704 Projection 1.7614 Trendline 1.6291 Trendline 1.6599 Res 2 1.7221 Ex-High 1.6732 Res 1 1.6963 Pivot 1.6473 Sup 1 1.6215 Ex-Low 1.5984 Sup 2 1.5725 1.7103 1.6887 1.6188 1.5972   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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