RTFX TraderTip >> XAG-USD Analysis - Tuesday 24 November 2009

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RTFX TraderTip >> XAG-USD Analysis - 24 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 18.4850 Scenario for today Resistances lie around 18.7700 and 18.8567. It should test lower towards 18.4367 zone. A clear break of 18.3900 would be bearish. Key point 18.5000 Entry point 18.7150 Elliott 18.9300 Closing 18.6100 Projection 18.3800 Trendline 18.5100 Trendline 18.9800 Res 2 19.1033 Ex-High 18.9300 Res 1 18.8567 Pivot 18.6833 Sup 1 18.4367 Ex-Low 18.5100 Sup 2 18.2633 18.8731 18.7390 18.3050 18.1709   Warning: High Zone WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 19.2434 or 19.0967 if support around 18.2633 hold. After which a pullback to 18.2633 - 17.9750 zone is possible. Key point 19.5900 Entry point 18.4350 Elliott 16.1100 Closing 18.5200 Projection 19.3298 Trendline 17.6033 Trendline 18.0250 Res 2 19.6733 Ex-High 18.8400 Res 1 19.0967 Pivot 18.2633 Sup 1 17.6867 Ex-Low 17.4300 Sup 2 16.8533 19.1677 18.8850 17.9700 17.6873   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAG-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 17.6400 or even 18.9700. Supports at 16.1050 and 15.4400 zone. Key point 17.1850 Entry point 16.9725 Elliott 12.4600 Closing 16.3100 Projection 20.9344 Trendline 16.2133 Trendline 17.1500 Res 2 18.9700 Ex-High 18.1000 Res 1 17.6400 Pivot 16.7700 Sup 1 15.4400 Ex-Low 15.9000 Sup 2 14.5700 19.2705 18.5150 16.0700 15.3145   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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