RTFX TraderTip >> USD-CAD Analysis - Monday 21 September 2009

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RTFX TraderTip >> USD-CAD Analysis - 21 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.0759 Scenario for today Resistances lie around 1.0731 and 1.0760. It should test lower towards 1.0636 zone. A clear break of 1.0665 would be bearish. Key point 1.0698 Entry point 1.0685 Elliott 1.0591 Closing 1.0693 Projection 1.0798 Trendline 1.0645 Trendline 1.0699 Res 2 1.0826 Ex-High 1.0769 Res 1 1.0760 Pivot 1.0702 Sup 1 1.0636 Ex-Low 1.0645 Sup 2 1.0578 1.0787 1.0755 1.0651 1.0619   WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0591 Scenario for this week No comment! Key point 1.0628 Entry point 1.0777 Elliott 1.0926 Closing 1.0693 Projection 1.0591 Trendline 1.0768 Trendline 1.0768 Res 2 1.1072 Ex-High 1.0926 Res 1 1.0882 Pivot 1.0737 Sup 1 1.0547 Ex-Low 1.0591 Sup 2 1.0402 1.0929 1.0851 1.0600 1.0522   Warning: End of trend - Engulfing pattern MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 1.1118 Scenario for this month It should test 1.1047 area after which a sell off down to 1.0672 or extended to 1.0406 area is expected. Key point 1.1079 Entry point 1.0788 Elliott 1.3064 Closing 1.0937 Projection 0.9377 Trendline 1.1097 Trendline 1.0737 Res 2 1.1390 Ex-High 1.1125 Res 1 1.1164 Pivot 1.0898 Sup 1 1.0672 Ex-Low 1.0633 Sup 2 1.0406 1.1268 1.1113 1.0612 1.0457   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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