RTFX TraderTip >> EUR-GBP Analysis - Thursday 01 October 2009

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RTFX TraderTip >> EUR-GBP Analysis - 1 Oct 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 : zigzag or flat correction 0.9216 Scenario for today Market should hold major support at 0.9063 before rising towards 0.9188 or even 0.9216 limit. Key point 0.9200 Entry point 0.9139 Elliott 0.9078 Closing 0.9160 Projection 0.9216 Trendline 0.9128 Trendline 0.9112 Res 2 0.9216 Ex-High 0.9161 Res 1 0.9188 Pivot 0.9133 Sup 1 0.9105 Ex-Low 0.9078 Sup 2 0.9050 0.9241 0.9214 0.9127 0.9100   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave up 0.9319 Scenario for this week Currently uptrend should end around 0.9405 - 0.9290 area. A correction down to below 0.9055 is expected. A rise above 0.9372 will abort the expected correction. Key point 0.9247 Entry point 0.9103 Elliott 0.8455 Closing 0.9208 Projection 0.9489 Trendline 0.8920 Trendline 0.9228 Res 2 0.9372 Ex-High 0.9219 Res 1 0.9290 Pivot 0.9137 Sup 1 0.9055 Ex-Low 0.8984 Sup 2 0.8902 0.9331 0.9260 0.9031 0.8960   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 0.9339 Scenario for this month Strength can extend to 0.9230 or 0.9406 as declines are expected to find support at 0.9055 or 0.8932. A fall below 0.8810 could turn it bearish. Key point 0.9317 Entry point 0.8973 Elliott 0.8400 Closing 0.9160 Projection 0.9500 Trendline 0.8640 Trendline 0.8955 Res 2 0.9651 Ex-High 0.9301 Res 1 0.9406 Pivot 0.9055 Sup 1 0.8810 Ex-Low 0.8705 Sup 2 0.8459 0.9443 0.9305 0.8858 0.8720   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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