RTFX TraderTip >> EUR-USD Analysis - Monday 26 October 2009

[RTFX-Trading]

RTFX TraderTip >> EUR-USD Analysis - 26 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 : flat correction down 1.4917 Scenario for today Support at 1.4990 or 1.4967 should hold. Then a correction to above 1.5088 is anticipated. A clear break of 1.4938 is again bearish. Key point 1.4968 Entry point 1.5014 Elliott 1.5060 Closing 1.4995 Projection 1.4971 Trendline 1.4999 Trendline 1.5034 Res 2 1.5088 Ex-High 1.5060 Res 1 1.5042 Pivot 1.5013 Sup 1 1.4967 Ex-Low 1.4985 Sup 2 1.4938 1.5060 1.5030 1.4935 1.4906   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.5071 Scenario for this week While below 1.5028 - 1.5094 it is more likely to fall further towards 1.4912 or 1.4862. Premature rise above 1.5094 could see it rising above 1.5193 zone. Key point 1.5067 Entry point 1.4983 Elliott 1.4480 Closing 1.4995 Projection 1.5071 Trendline 1.4843 Trendline 1.4979 Res 2 1.5193 Ex-High 1.5060 Res 1 1.5094 Pivot 1.4961 Sup 1 1.4862 Ex-Low 1.4828 Sup 2 1.4729 1.5110 1.5056 1.4882 1.4828   Warning: End of trend - 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 1.5145 1.4952 1.4328 1.4135   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.