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

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RTFX TraderTip >> EUR-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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.4720 Scenario for today Current rise should end around 1.4684. Objectives of this downmove are 1.4596 or 1.4545. A rise above 1.4721 is again bullish. Key point 1.4699 Entry point 1.4665 Elliott 1.4480 Closing 1.4648 Projection 1.4674 Trendline 1.4581 Trendline 1.4682 Res 2 1.4721 Ex-High 1.4669 Res 1 1.4684 Pivot 1.4633 Sup 1 1.4596 Ex-Low 1.4581 Sup 2 1.4545 1.4700 1.4666 1.4556 1.4522   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.4511 Scenario for this week Structure is bearish to 1.4526 or 1.4460 limit but slowing momentum suggests a correction first to 1.4646 or 1.4832 zone. Key point 1.4617 Entry point 1.4620 Elliott 1.4845 Closing 1.4571 Projection 1.4432 Trendline 1.4721 Trendline 1.4597 Res 2 1.4832 Ex-High 1.4721 Res 1 1.4701 Pivot 1.4591 Sup 1 1.4460 Ex-Low 1.4480 Sup 2 1.4350 1.4746 1.4695 1.4530 1.4479   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 1.4846 or 1.4933 if support around 1.4555 hold. After which a pullback to 1.4555 - 1.4410 zone is possible. Key point 1.4783 Entry point 1.4596 Elliott 1.2456 Closing 1.4643 Projection 1.5323 Trendline 1.4387 Trendline 1.4464 Res 2 1.5223 Ex-High 1.4845 Res 1 1.4933 Pivot 1.4555 Sup 1 1.4265 Ex-Low 1.4177 Sup 2 1.3887 1.4890 1.4757 1.4328 1.4195   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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