RTFX TraderTip >> EUR-USD Analysis - Wednesday 16 September 2009

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RTFX TraderTip >> EUR-USD Analysis - 16 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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.4741 Scenario for today Currently uptrend should end around 1.4671 - 1.4708 area. A correction down to 1.4609 - 1.4583 is expected. A rise above 1.4760 will abort the expected correction. Key point 1.4690 Entry point 1.4644 Elliott 1.4192 Closing 1.4657 Projection 1.4910 Trendline 1.4588 Trendline 1.4614 Res 2 1.4760 Ex-High 1.4686 Res 1 1.4708 Pivot 1.4635 Sup 1 1.4583 Ex-Low 1.4561 Sup 2 1.4510 1.4687 1.4655 1.4552 1.4520   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 1.4689 Scenario for this week Current rise seems to be over near 1.4609 or 1.4712 for a retracement towards 1.4506 - 1.4442 area. Key point 1.4731 Entry point 1.4524 Elliott 1.4177 Closing 1.4582 Projection 1.4689 Trendline 1.4301 Trendline 1.4425 Res 2 1.4841 Ex-High 1.4636 Res 1 1.4712 Pivot 1.4506 Sup 1 1.4377 Ex-Low 1.4301 Sup 2 1.4171 1.4739 1.4661 1.4409 1.4331   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4413 or 1.4505 if support around 1.4275 hold. After which a pullback to 1.4275 - 1.4189 zone is possible. Key point 1.4464 Entry point 1.4387 Elliott 1.2456 Closing 1.4333 Projection 1.5323 Trendline 1.4236 Trendline 1.4363 Res 2 1.4677 Ex-High 1.4447 Res 1 1.4505 Pivot 1.4275 Sup 1 1.4103 Ex-Low 1.4045 Sup 2 1.3873 1.4708 1.4567 1.4111 1.3970   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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