RTFX TraderTip >> GBP-CHF Analysis - Thursday 05 November 2009

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RTFX TraderTip >> GBP-CHF Analysis - 5 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 GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6706 Scenario for today There are initial signs of a good corrective recovery towards 1.6882 or even 1.6906. Supports at 1.6814 and 1.6771 zone. Key point 1.6768 Entry point 1.6855 Elliott 1.6942 Closing 1.6821 Projection 1.6771 Trendline 1.6807 Trendline 1.6948 Res 2 1.6992 Ex-High 1.6942 Res 1 1.6906 Pivot 1.6857 Sup 1 1.6771 Ex-Low 1.6807 Sup 2 1.6722 1.6952 1.6903 1.6745 1.6697   WEEKLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.6953 Scenario for this week Currently uptrend should end around 1.6922 - 1.7101 area. A correction down to below 1.6531 is expected. A rise above 1.7312 will abort the expected correction. Key point 1.6949 Entry point 1.6666 Elliott 1.6383 Closing 1.6890 Projection 1.6953 Trendline 1.6637 Trendline 1.6637 Res 2 1.7312 Ex-High 1.6953 Res 1 1.7101 Pivot 1.6742 Sup 1 1.6531 Ex-Low 1.6383 Sup 2 1.6172 1.7079 1.6948 1.6524 1.6393   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.6983 Scenario for this month It should test 1.7313 area after which a sell off down to 1.6355 or extended to 1.5820 area is expected. Key point 1.6693 Entry point 1.6714 Elliott 1.8116 Closing 1.6890 Projection 1.5850 Trendline 1.6967 Trendline 1.6465 Res 2 1.7488 Ex-High 1.6953 Res 1 1.7189 Pivot 1.6654 Sup 1 1.6355 Ex-Low 1.6119 Sup 2 1.5820 1.7120 1.6948 1.6392 1.6220   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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