RTFX TraderTip >> GBP-CHF Analysis - Wednesday 21 October 2009

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RTFX TraderTip >> GBP-CHF Analysis - 21 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 GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.6471 Scenario for today No comment! Key point 1.6545 Entry point 1.6629 Elliott 1.6688 Closing 1.6574 Projection 1.6471 Trendline 1.6672 Trendline 1.6676 Res 2 1.6741 Ex-High 1.6677 Res 1 1.6658 Pivot 1.6593 Sup 1 1.6510 Ex-Low 1.6529 Sup 2 1.6445 1.6702 1.6644 1.6454 1.6396   Warning: Harami WEEKLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.6688 Scenario for this week It looks set for gains to 1.6858. Supports at 1.6388 and 1.6289. A break of 1.5919 will damage this bullish structure. Key point 1.6863 Entry point 1.6491 Elliott 1.6119 Closing 1.6658 Projection 1.6688 Trendline 1.6418 Trendline 1.6418 Res 2 1.7057 Ex-High 1.6688 Res 1 1.6858 Pivot 1.6488 Sup 1 1.6289 Ex-Low 1.6119 Sup 2 1.5919 1.6800 1.6683 1.6305 1.6188   Warning: End of trend - Engulfing pattern MONTHLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 1.6716 Scenario for this month Current fall is near an end of wave around 1.6043 zone, a rally should then procede to above 1.7261. Fall below 1.5524 would cancel this scenario. Key point 1.5969 Entry point 1.6812 Elliott 1.8116 Closing 1.6562 Projection 1.5850 Trendline 1.7649 Trendline 1.6791 Res 2 1.7960 Ex-High 1.7441 Res 1 1.7261 Pivot 1.6742 Sup 1 1.6043 Ex-Low 1.6223 Sup 2 1.5524 1.7352 1.7073 1.6171 1.5892   Warning: Low Zone - 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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