RTFX TraderTip >> EUR-USD Analysis - Monday 31 August 2009

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RTFX TraderTip >> EUR-USD Analysis - 31 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 : flat correction down 1.4207 Scenario for today There are initial signs of a good corrective recovery towards 1.4344 or even 1.4365. Supports at 1.4291 and 1.4259 zone. Key point 1.4287 Entry point 1.4333 Elliott 1.4406 Closing 1.4300 Projection 1.4207 Trendline 1.4273 Trendline 1.4344 Res 2 1.4429 Ex-High 1.4388 Res 1 1.4365 Pivot 1.4323 Sup 1 1.4259 Ex-Low 1.4282 Sup 2 1.4217 1.4404 1.4367 1.4247 1.4210   Warning: Harami WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.4418 Scenario for this week It looks more likely that it would rise to 1.4402 - 1.4503 from 1.4253 or 1.4203. After which a downside move is expected. Key point 1.4353 Entry point 1.4320 Elliott 1.4045 Closing 1.4300 Projection 1.4447 Trendline 1.4207 Trendline 1.4369 Res 2 1.4503 Ex-High 1.4406 Res 1 1.4402 Pivot 1.4304 Sup 1 1.4203 Ex-Low 1.4207 Sup 2 1.4105 1.4424 1.4378 1.4229 1.4183   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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