RTFX TraderTip >> EUR-USD Analysis - Monday 24 August 2009

[RTFX-Trading]

RTFX TraderTip >> EUR-USD Analysis - 24 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 up 1.4435 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4378 or 1.4405 if support around 1.4307 hold. After which a pullback to 1.4307 - 1.4272 zone is possible. Key point 1.4380 Entry point 1.4292 Elliott 1.4045 Closing 1.4336 Projection 1.4501 Trendline 1.4244 Trendline 1.4269 Res 2 1.4475 Ex-High 1.4376 Res 1 1.4405 Pivot 1.4307 Sup 1 1.4237 Ex-Low 1.4208 Sup 2 1.4139 1.4327 1.4290 1.4171 1.4134   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.4447 Scenario for this week It should trade higher to 1.4460 while 1.4252 or 1.4190 offers support. Stop loss below 1.4129 zone. Key point 1.4461 Entry point 1.4253 Elliott 1.4045 Closing 1.4336 Projection 1.4447 Trendline 1.4208 Trendline 1.4208 Res 2 1.4583 Ex-High 1.4376 Res 1 1.4460 Pivot 1.4252 Sup 1 1.4129 Ex-Low 1.4045 Sup 2 1.3921 1.4474 1.4397 1.4149 1.4072   Warning: Low Zone - Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.4041 Scenario for this month Corrective dips should ideally halt near 1.4043 or 1.3955 for one more thrust upwards towards 1.4278 - 1.4426 area or 1.4601 in extention. Fall below 1.3659 puts it back on a downward path. 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

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.