RTFX TraderTip >> EUR-NZD Analysis - Wednesday 07 October 2009

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RTFX TraderTip >> EUR-NZD Analysis - 7 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-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.9922 Scenario for today It may meet resistance in 2.0048 - 2.0054 zone for a drift down to 1.9974 zone, after which bounce to 2.0129 is anticipated. Key point 1.9905 Entry point 1.9989 Elliott 2.0477 Closing 2.0048 Projection 1.9878 Trendline 2.0200 Trendline 1.9820 Res 2 2.0209 Ex-High 2.0135 Res 1 2.0129 Pivot 2.0054 Sup 1 1.9974 Ex-Low 1.9980 Sup 2 1.9899 2.0375 2.0302 2.0068 1.9995   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an impulse wave down 2.0456 Scenario for this week It should test 2.0354 area after which a sell off down to 2.0115 or extended to 1.9871 area is expected. Key point 2.0254 Entry point 2.0373 Elliott 2.1241 Closing 2.0358 Projection 1.9742 Trendline 2.0582 Trendline 2.0330 Res 2 2.0829 Ex-High 2.0586 Res 1 2.0594 Pivot 2.0350 Sup 1 2.0115 Ex-Low 2.0107 Sup 2 1.9871 2.0664 2.0518 2.0044 1.9898   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 2.0217 - 1.9876. After this move down it should go up to 2.0746 - 2.0932 area. Key point 1.9799 Entry point 2.0243 Elliott 2.5784 Closing 2.0250 Projection 1.8437 Trendline 2.0823 Trendline 2.0836 Res 2 2.1615 Ex-High 2.1241 Res 1 2.0932 Pivot 2.0559 Sup 1 1.9876 Ex-Low 2.0185 Sup 2 1.9503 2.1099 2.0859 2.0082 1.9842   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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