RTFX TraderTip >> EUR-NZD Analysis - Friday 16 October 2009

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RTFX TraderTip >> EUR-NZD Analysis - 16 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 : flat correction down 1.9946 Scenario for today It may attempt a test higher to 2.0131 - 2.0188 after which weakness may set it to a drift down to 1.9965 limit. Key point 2.0079 Entry point 2.0135 Elliott 2.0255 Closing 2.0077 Projection 2.0000 Trendline 2.0198 Trendline 2.0163 Res 2 2.0298 Ex-High 2.0186 Res 1 2.0188 Pivot 2.0075 Sup 1 1.9965 Ex-Low 1.9963 Sup 2 1.9852 2.0276 2.0212 2.0006 1.9943   WEEKLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an impulse wave down 2.0342 Scenario for this week It is likely to fall to 1.9757 or below 1.9497 in extension while 2.0104 - 2.0234 area offer resistance. Above 2.0364 the outlook could turn bullish. Key point 2.0094 Entry point 2.0204 Elliott 2.1241 Closing 2.0018 Projection 1.9742 Trendline 2.0373 Trendline 2.0298 Res 2 2.0711 Ex-High 2.0450 Res 1 2.0364 Pivot 2.0104 Sup 1 1.9757 Ex-Low 1.9843 Sup 2 1.9497 2.0491 2.0352 1.9903 1.9764   Warning: End of trend - Imminent end of bearish move 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 1.9939 Entry point 2.0243 Elliott 2.5784 Closing 2.0250 Projection 1.8437 Trendline 2.0823 Trendline 2.0779 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 2.1120 2.0859 2.0014 1.9753   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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