RTFX TraderTip >> USD-CAD Analysis - Thursday 15 October 2009

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RTFX TraderTip >> USD-CAD Analysis - 15 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today Support at 1.0235 or 1.0205 should hold the downside for a correction to above 1.0296 zone. Key point 1.0189 Entry point 1.0218 Elliott 1.0959 Closing 1.0235 Projection 1.0072 Trendline 1.0273 Trendline 1.0261 Res 2 1.0356 Ex-High 1.0326 Res 1 1.0296 Pivot 1.0265 Sup 1 1.0205 Ex-Low 1.0235 Sup 2 1.0174 1.0424 1.0392 1.0289 1.0257   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an elongated correction 1.0496 Scenario for this week Market should not go lower than 1.0222. After this move down it should go up to 1.0633 - 1.0708 area. Key point 1.0083 Entry point 1.0461 Elliott 1.0993 Closing 1.0444 Projection 1.0094 Trendline 1.0823 Trendline 1.0653 Res 2 1.0971 Ex-High 1.0823 Res 1 1.0708 Pivot 1.0559 Sup 1 1.0296 Ex-Low 1.0411 Sup 2 1.0147 1.0735 1.0638 1.0323 1.0226   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There is bearish potential for a fall to 1.0643 - 1.0490 while 1.0796 - 1.0898 resist. After this fall a recovery up to 1.0898 or 1.1001 is expected. Key point 1.0876 Entry point 1.0740 Elliott 1.3064 Closing 1.0695 Projection 0.9377 Trendline 1.0788 Trendline 1.1079 Res 2 1.1307 Ex-High 1.1102 Res 1 1.1001 Pivot 1.0796 Sup 1 1.0490 Ex-Low 1.0591 Sup 2 1.0285 1.1221 1.1030 1.0413 1.0222   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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