RTFX TraderTip >> EUR-GBP Analysis - Thursday 17 September 2009

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RTFX TraderTip >> EUR-GBP Analysis - 17 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-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 0.8958 Scenario for today One move lower to 0.8893 or 0.8863 is anticipated while below 0.8928 - 0.8943 area. Stop loss above 0.8963 zone. Key point 0.8979 Entry point 0.8940 Elliott 0.8723 Closing 0.8923 Projection 0.8958 Trendline 0.8863 Trendline 0.8993 Res 2 0.8963 Ex-High 0.8933 Res 1 0.8943 Pivot 0.8913 Sup 1 0.8893 Ex-Low 0.8883 Sup 2 0.8863 0.8890 0.8870 0.8806 0.8786   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 0.8699 Scenario for this week It looks more likely that it would rise to 0.8811 - 0.8874 from 0.8733 or 0.8701. After which a downside move is expected. Key point 0.8794 Entry point 0.8775 Elliott 0.8455 Closing 0.8747 Projection 0.9001 Trendline 0.8763 Trendline 0.8783 Res 2 0.8874 Ex-High 0.8828 Res 1 0.8811 Pivot 0.8764 Sup 1 0.8701 Ex-Low 0.8718 Sup 2 0.8654 0.8928 0.8881 0.8729 0.8682   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 0.8950 Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8856 or 0.8941 if support around 0.8698 hold. After which a pullback to 0.8698 - 0.8627 zone is possible. Key point 0.8955 Entry point 0.8640 Elliott 0.8400 Closing 0.8800 Projection 0.9080 Trendline 0.8624 Trendline 0.8624 Res 2 0.9082 Ex-High 0.8839 Res 1 0.8941 Pivot 0.8698 Sup 1 0.8557 Ex-Low 0.8455 Sup 2 0.8314 0.8981 0.8886 0.8580 0.8485   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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