RTFX TraderTip >> NZD-USD Analysis - Tuesday 06 October 2009

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RTFX TraderTip >> NZD-USD Analysis - 6 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 NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 0.7361 Scenario for today Current rise seems to be over near 0.7309 or 0.7367 for a retracement towards 0.7252 - 0.7221 area. Key point 0.7384 Entry point 0.7260 Elliott 0.7079 Closing 0.7305 Projection 0.7361 Trendline 0.7138 Trendline 0.7197 Res 2 0.7428 Ex-High 0.7314 Res 1 0.7367 Pivot 0.7252 Sup 1 0.7191 Ex-Low 0.7138 Sup 2 0.7076 0.7314 0.7275 0.7151 0.7113   Warning: High Zone - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave up 0.7340 Scenario for this week While below 0.7205 - 0.7247 it is more likely to fall further towards 0.7073 or 0.6989. Key point 0.7229 Entry point 0.7193 Elliott 0.6685 Closing 0.7157 Projection 0.7340 Trendline 0.7139 Trendline 0.7177 Res 2 0.7337 Ex-High 0.7253 Res 1 0.7247 Pivot 0.7163 Sup 1 0.7073 Ex-Low 0.7079 Sup 2 0.6989 0.7337 0.7283 0.7108 0.7054   Warning: Harami MONTHLY TECHNICAL ANALYSIS NZD-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 0.7427 or 0.7468 if support around 0.7077 hold. After which a pullback to 0.7077 - 0.6959 zone is possible. Key point 0.7473 Entry point 0.7166 Elliott 0.4895 Closing 0.7233 Projection 0.8215 Trendline 0.6930 Trendline 0.6983 Res 2 0.7704 Ex-High 0.7312 Res 1 0.7468 Pivot 0.7077 Sup 1 0.6841 Ex-Low 0.6685 Sup 2 0.6450 0.7446 0.7313 0.6882 0.6749   Warning: End of trend - 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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