RTFX TraderTip >> XAG-USD Analysis - Friday 02 October 2009

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RTFX TraderTip >> XAG-USD Analysis - 2 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today There are initial signs of a good corrective recovery towards 16.5600 or even 16.6400. Supports at 16.3400 and 16.2000 zone. Key point 16.1800 Entry point 16.4700 Elliott 16.7600 Closing 16.3600 Projection 16.1358 Trendline 16.3967 Trendline 16.5100 Res 2 16.9200 Ex-High 16.7600 Res 1 16.6400 Pivot 16.4800 Sup 1 16.2000 Ex-Low 16.3200 Sup 2 16.0400 16.6235 16.4980 16.0920 15.9665   WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week There is bearish potential for a fall to 15.5333 while 16.4267 - 16.6700 resist. After this fall a recovery up to 16.6700 or 16.9133 is expected. Key point 16.2000 Entry point 16.7250 Elliott 17.6700 Closing 16.0200 Projection 15.0991 Trendline 17.3200 Trendline 16.9700 Res 2 17.8067 Ex-High 17.3200 Res 1 16.9133 Pivot 16.4267 Sup 1 15.5333 Ex-Low 15.9400 Sup 2 15.0467 17.4093 17.0400 15.8450 15.4757   MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 16.2500 Scenario for this month Strength can extend to 17.1600 or 17.9967 as declines are expected to find support at 16.3233 or 15.6500. A fall below 14.9767 could turn it bearish. Key point 17.9900 Entry point 16.4933 Elliott 12.4600 Closing 16.6500 Projection 18.5922 Trendline 14.8900 Trendline 15.7900 Res 2 19.3433 Ex-High 17.6700 Res 1 17.9967 Pivot 16.3233 Sup 1 14.9767 Ex-Low 14.6500 Sup 2 13.3033 17.7496 17.2150 15.4850 14.9504   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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