RTFX TraderTip >> EUR-USD Analysis - Thursday 05 November 2009

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RTFX TraderTip >> EUR-USD 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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.4976 Scenario for today Current rise seems to be over near 1.4885 or 1.4946 for a retracement towards 1.4824 - 1.4781 area. Key point 1.4916 Entry point 1.4820 Elliott 1.4626 Closing 1.4861 Projection 1.5003 Trendline 1.4702 Trendline 1.4778 Res 2 1.5031 Ex-High 1.4909 Res 1 1.4946 Pivot 1.4824 Sup 1 1.4739 Ex-Low 1.4702 Sup 2 1.4617 1.4917 1.4867 1.4705 1.4655   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 1.4755 Entry point 1.4909 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 1.5089 1.4986 1.4654 1.4551   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 1.4897 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 1.5120 1.4986 1.4553 1.4419   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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