RTFX TraderTip >> EUR-USD Analysis - Wednesday 21 October 2009

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RTFX TraderTip >> EUR-USD 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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.5038 Scenario for today Currently uptrend should end around 1.4970 - 1.4998 area. A correction down to 1.4914 - 1.4887 is expected. A rise above 1.5052 will abort the expected correction. Key point 1.4962 Entry point 1.4936 Elliott 1.4828 Closing 1.4945 Projection 1.5055 Trendline 1.4883 Trendline 1.4938 Res 2 1.5052 Ex-High 1.4994 Res 1 1.4998 Pivot 1.4941 Sup 1 1.4887 Ex-Low 1.4883 Sup 2 1.4830 1.5007 1.4974 1.4864 1.4830   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.5028 Scenario for this week Strength can extend to 1.4931 or 1.5016 as declines are expected to find support at 1.4846 or 1.4785. A fall below 1.4725 could turn it bearish. Key point 1.4979 Entry point 1.4843 Elliott 1.4480 Closing 1.4894 Projection 1.5071 Trendline 1.4703 Trendline 1.4776 Res 2 1.5137 Ex-High 1.4968 Res 1 1.5016 Pivot 1.4846 Sup 1 1.4725 Ex-Low 1.4677 Sup 2 1.4555 1.5052 1.4981 1.4752 1.4681   Warning: Imminent end of bullish move 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 1.5103 1.4920 1.4328 1.4145   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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