RTFX TraderTip >> EUR-NZD Analysis - Monday 23 November 2009

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RTFX TraderTip >> EUR-NZD Analysis - 23 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-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 2.0586 Scenario for today One move lower to 2.0399 or 2.0284 is anticipated while below 2.0557 - 2.0614 area. Stop loss above 2.0714 zone. Key point 2.0669 Entry point 2.0586 Elliott 1.9932 Closing 2.0514 Projection 2.0586 Trendline 2.0354 Trendline 2.0725 Res 2 2.0714 Ex-High 2.0599 Res 1 2.0614 Pivot 2.0499 Sup 1 2.0399 Ex-Low 2.0384 Sup 2 2.0284 2.0414 2.0352 2.0150 2.0088   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 2.0752 Scenario for this week It looks set for gains to 2.0765. Supports at 2.0223 and 2.0098. A break of 1.9681 will damage this bullish structure. Key point 2.0763 Entry point 2.0347 Elliott 1.9932 Closing 2.0514 Projection 2.0752 Trendline 2.0229 Trendline 2.0229 Res 2 2.1015 Ex-High 2.0599 Res 1 2.0765 Pivot 2.0348 Sup 1 2.0098 Ex-Low 1.9932 Sup 2 1.9681 2.0794 2.0640 2.0140 1.9985   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should hold major support at 1.9649 before rising towards 2.0807 or even 2.1117 limit. Key point 2.0164 Entry point 1.9932 Elliott 1.9700 Closing 2.0498 Projection 2.2024 Trendline 2.0292 Trendline 1.9968 Res 2 2.1117 Ex-High 2.0563 Res 1 2.0807 Pivot 2.0254 Sup 1 1.9944 Ex-Low 1.9700 Sup 2 1.9391 2.0918 2.0658 1.9816 1.9556   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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