RTFX TraderTip >> EUR-USD Analysis - Tuesday 29 September 2009

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RTFX TraderTip >> EUR-USD Analysis - 29 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 down 1.4522 Scenario for today It looks set to visit further lower territory down to around 1.4593 - 1.4550. Its corrective attempts should fail ahead of 1.4593 - 1.4707. Stop loss above 1.4793 zone. Key point 1.4602 Entry point 1.4653 Elliott 1.4845 Closing 1.4622 Projection 1.4466 Trendline 1.4682 Trendline 1.4680 Res 2 1.4793 Ex-High 1.4721 Res 1 1.4707 Pivot 1.4636 Sup 1 1.4550 Ex-Low 1.4564 Sup 2 1.4479 1.4791 1.4751 1.4623 1.4584   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.4511 Scenario for this week Preferred view is for a fall to 1.4640 - 1.4572 while 1.4757 - 1.4806 area resists. A clear break of 1.4942 would be bullish. Key point 1.4597 Entry point 1.4721 Elliott 1.4845 Closing 1.4669 Projection 1.4432 Trendline 1.4692 Trendline 1.4766 Res 2 1.4942 Ex-High 1.4845 Res 1 1.4806 Pivot 1.4708 Sup 1 1.4572 Ex-Low 1.4611 Sup 2 1.4474 1.4843 1.4783 1.4588 1.4528   Warning: End of trend 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 1.4811 1.4646 1.4111 1.3946   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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