RTFX TraderTip >> EUR-USD Analysis - Tuesday 03 November 2009

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RTFX TraderTip >> EUR-USD Analysis - 3 Nov 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 1.4683 Scenario for today It should be subject to more sell off towards 1.4693 or 1.4609. Corrective upward swings should face resistance around 1.4799 area. A break of 1.4927 is bullish. Key point 1.4795 Entry point 1.4820 Elliott 1.4859 Closing 1.4776 Projection 1.4683 Trendline 1.4847 Trendline 1.4830 Res 2 1.4927 Ex-High 1.4844 Res 1 1.4852 Pivot 1.4768 Sup 1 1.4693 Ex-Low 1.4685 Sup 2 1.4609 1.4888 1.4844 1.4700 1.4655   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.4683 Scenario for this week There is bearish potential for a fall to 1.4580 while 1.4822 - 1.4891 resist. After this fall a recovery up to 1.4891 or 1.4960 is expected. Key point 1.4625 Entry point 1.4844 Elliott 1.5063 Closing 1.4719 Projection 1.4683 Trendline 1.4908 Trendline 1.4908 Res 2 1.5202 Ex-High 1.5063 Res 1 1.4960 Pivot 1.4822 Sup 1 1.4580 Ex-Low 1.4683 Sup 2 1.4442 1.5036 1.4953 1.4684 1.4601   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There are initial signs of a good corrective recovery towards 1.4891 or even 1.5028. Supports at 1.4599 and 1.4445 zone. Key point 1.4964 Entry point 1.4848 Elliott 1.2456 Closing 1.4719 Projection 1.5323 Trendline 1.4596 Trendline 1.4783 Res 2 1.5337 Ex-High 1.5063 Res 1 1.5028 Pivot 1.4754 Sup 1 1.4445 Ex-Low 1.4480 Sup 2 1.4171 1.5069 1.4954 1.4582 1.4467   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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