RTFX TraderTip >> GBP-USD Analysis - Monday 16 November 2009

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RTFX TraderTip >> GBP-USD Analysis - 16 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.6798 Scenario for today Current rise seems to be over near 1.6700 or 1.6742 for a retracement towards 1.6657 - 1.6632 area. Key point 1.6747 Entry point 1.6666 Elliott 1.6516 Closing 1.6693 Projection 1.6798 Trendline 1.6572 Trendline 1.6628 Res 2 1.6791 Ex-High 1.6706 Res 1 1.6742 Pivot 1.6657 Sup 1 1.6608 Ex-Low 1.6572 Sup 2 1.6523 1.6776 1.6729 1.6577 1.6530   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 1.6591 Scenario for this week While below 1.6768 - 1.6852 it is more likely to fall further towards 1.6604 or 1.6525. Premature rise above 1.6852 could see it rising above 1.7011 zone. Key point 1.6792 Entry point 1.6735 Elliott 1.5708 Closing 1.6693 Projection 1.7381 Trendline 1.6559 Trendline 1.6770 Res 2 1.7011 Ex-High 1.6843 Res 1 1.6852 Pivot 1.6684 Sup 1 1.6525 Ex-Low 1.6516 Sup 2 1.6357 1.6885 1.6809 1.6564 1.6488   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.6848 Scenario for this month Currently uptrend should end around 1.6574 - 1.6862 area. A correction down to below 1.5877 is expected. A rise above 1.7270 will abort the expected correction. Key point 1.6816 Entry point 1.6262 Elliott 1.5708 Closing 1.6454 Projection 1.7043 Trendline 1.6555 Trendline 1.6518 Res 2 1.7270 Ex-High 1.6693 Res 1 1.6862 Pivot 1.6285 Sup 1 1.5877 Ex-Low 1.5708 Sup 2 1.5300 1.7010 1.6768 1.5985 1.5743   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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