RTFX TraderTip >> EUR-USD Analysis - Tuesday 18 August 2009

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RTFX TraderTip >> EUR-USD Analysis - 18 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 : irregular flat correction down 1.3994 Scenario for today It may meet resistance in 1.4082 - 1.4107 zone for a drift down to 1.4020 zone, after which bounce to 1.4170 is anticipated. Key point 1.4050 Entry point 1.4101 Elliott 1.4327 Closing 1.4082 Projection 1.3937 Trendline 1.4212 Trendline 1.4084 Res 2 1.4257 Ex-High 1.4195 Res 1 1.4170 Pivot 1.4107 Sup 1 1.4020 Ex-Low 1.4045 Sup 2 1.3957 1.4281 1.4239 1.4103 1.4061   Warning: End of trend - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.4007 Scenario for this week There is bearish potential for a fall to 1.4074 while 1.4201 - 1.4258 resist. After this fall a recovery up to 1.4258 or 1.4315 is expected. Key point 1.4063 Entry point 1.4168 Elliott 1.4447 Closing 1.4189 Projection 1.4007 Trendline 1.4327 Trendline 1.4207 Res 2 1.4442 Ex-High 1.4327 Res 1 1.4315 Pivot 1.4201 Sup 1 1.4074 Ex-Low 1.4086 Sup 2 1.3960 1.4322 1.4261 1.4065 1.4004   Warning: Low Zone 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 1.3955 or 1.3659. Corrective upward swings should face resistance around 1.4655 area. A break of 1.4601 is bullish. Key point 1.4363 Entry point 1.4236 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 1.4510 1.4375 1.3939 1.3804   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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