RTFX TraderTip >> EUR-USD Analysis - Friday 28 August 2009

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RTFX TraderTip >> EUR-USD Analysis - 28 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 : elongated flat correction up 1.4441 Scenario for today Currently uptrend should end around 1.4373 - 1.4424 area. A correction down to 1.4280 - 1.4238 is expected. A rise above 1.4508 will abort the expected correction. Key point 1.4367 Entry point 1.4282 Elliott 1.4207 Closing 1.4340 Projection 1.4459 Trendline 1.4220 Trendline 1.4233 Res 2 1.4508 Ex-High 1.4406 Res 1 1.4424 Pivot 1.4322 Sup 1 1.4238 Ex-Low 1.4220 Sup 2 1.4136 1.4411 1.4373 1.4251 1.4213   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 1.4369 Entry point 1.4207 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 1.4473 1.4391 1.4126 1.4044   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

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