RTFX TraderTip >> GBP-CHF Analysis - Wednesday 02 December 2009

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RTFX TraderTip >> GBP-CHF Analysis - 2 Dec 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 : zigzag or flat correction 1.6681 Scenario for today It should trade higher to 1.6661 while 1.6569 or 1.6540 offers support. Stop loss below 1.6511 zone. Key point 1.6654 Entry point 1.6548 Elliott 1.6468 Closing 1.6603 Projection 1.6681 Trendline 1.6477 Trendline 1.6486 Res 2 1.6720 Ex-High 1.6628 Res 1 1.6661 Pivot 1.6569 Sup 1 1.6511 Ex-Low 1.6477 Sup 2 1.6419 1.6692 1.6647 1.6502 1.6458   WEEKLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.6430 Scenario for this week Structure is bearish to 1.6521 or 1.6423 limit but slowing momentum suggests a correction first to 1.6688 or 1.6953 zone. Key point 1.6442 Entry point 1.6524 Elliott 1.7113 Closing 1.6563 Projection 1.6377 Trendline 1.6813 Trendline 1.6513 Res 2 1.6953 Ex-High 1.6813 Res 1 1.6758 Pivot 1.6618 Sup 1 1.6423 Ex-Low 1.6478 Sup 2 1.6283 1.6796 1.6720 1.6473 1.6397   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current move should be supported in 1.6498 - 1.6294 zone for a rise to 1.6938. A break below 1.6058 opens the way down. Key point 1.6656 Entry point 1.6650 Elliott 1.6119 Closing 1.6529 Projection 1.6872 Trendline 1.6468 Trendline 1.6817 Res 2 1.7348 Ex-High 1.7113 Res 1 1.6938 Pivot 1.6703 Sup 1 1.6294 Ex-Low 1.6468 Sup 2 1.6058 1.6993 1.6870 1.6473 1.6350   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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