RTFX TraderTip >> XAG-USD Analysis - Tuesday 08 September 2009

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RTFX TraderTip >> XAG-USD Analysis - 8 Sep 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today Currently uptrend should end around 16.4100 - 16.4433 area. A correction down to below 16.2133 is expected. A rise above 16.5267 will abort the expected correction. Key point 16.6656 Entry point 16.4958 Elliott 14.0700 Closing 16.3600 Projection 17.4447 Trendline 16.2643 Trendline 16.5833 Res 2 16.5267 Ex-High 16.3800 Res 1 16.4433 Pivot 16.2967 Sup 1 16.2133 Ex-Low 16.1500 Sup 2 16.0667 16.3294 16.1795 15.6945 15.5446   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 17.0267 or 16.8733 if support around 15.7067 hold. After which a pullback to 15.7067 - 15.3900 zone is possible. Key point 17.7600 Entry point 15.9567 Elliott 13.5100 Closing 16.2400 Projection 17.2665 Trendline 14.7025 Trendline 15.0550 Res 2 17.5067 Ex-High 16.3400 Res 1 16.8733 Pivot 15.7067 Sup 1 15.0733 Ex-Low 14.5400 Sup 2 13.9067 16.6736 16.3600 15.3450 15.0314   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current rise seems to be over near 15.0500 or 15.5633 for a retracement towards 14.5367 - 14.2100 area. Key point 15.7900 Entry point 14.8900 Elliott 12.4600 Closing 14.9100 Projection 18.5922 Trendline 13.5100 Trendline 14.5600 Res 2 16.2167 Ex-High 15.1900 Res 1 15.5633 Pivot 14.5367 Sup 1 13.8833 Ex-Low 13.5100 Sup 2 12.8567 16.3118 15.7850 14.0800 13.5532   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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