RTFX TraderTip >> EUR-USD Analysis - Wednesday 04 November 2009

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RTFX TraderTip >> EUR-USD Analysis - 4 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 : irregular flat correction down 1.4616 Scenario for today If market stays below 1.4767 a fall to 1.4629 is expected. If market breaks the point 1.4814 it could reach the sky. Key point 1.4728 Entry point 1.4773 Elliott 1.4859 Closing 1.4723 Projection 1.4574 Trendline 1.4817 Trendline 1.4795 Res 2 1.4905 Ex-High 1.4811 Res 1 1.4814 Pivot 1.4720 Sup 1 1.4629 Ex-Low 1.4626 Sup 2 1.4535 1.4876 1.4828 1.4675 1.4627   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.4565 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 1.4480 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 1.5045 1.4953 1.4655 1.4563   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Resistances lie around 1.4891 and 1.5028. It should test lower towards 1.4445 zone. A clear break of 1.4551 would be bearish. Key point 1.4897 Entry point 1.4815 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 1.5078 1.4954 1.4553 1.4429   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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