RTFX TraderTip >> NZD-USD Analysis - Wednesday 16 December 2009

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RTFX TraderTip >> NZD-USD Analysis - 16 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 NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 0.7182 Scenario for today Market should not go lower than 0.7205 - 0.7179. After this move down it should go up to 0.7250 - 0.7269 area. Key point 0.7198 Entry point 0.7247 Elliott 0.7319 Closing 0.7218 Projection 0.7149 Trendline 0.7281 Trendline 0.7277 Res 2 0.7321 Ex-High 0.7282 Res 1 0.7269 Pivot 0.7230 Sup 1 0.7179 Ex-Low 0.7192 Sup 2 0.7140 0.7313 0.7287 0.7201 0.7174   WEEKLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 0.7319 Scenario for this week If market stays below 0.7284 a fall to 0.7146 is expected. If market breaks the point 0.7363 it could reach the sky. Key point 0.7339 Entry point 0.7191 Elliott 0.7045 Closing 0.7248 Projection 0.7319 Trendline 0.7196 Trendline 0.7196 Res 2 0.7479 Ex-High 0.7319 Res 1 0.7363 Pivot 0.7204 Sup 1 0.7089 Ex-Low 0.7045 Sup 2 0.6929 0.7368 0.7309 0.7118 0.7059   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks more likely that it would rise to 0.7447 - 0.7734 from 0.7093 or 0.6950. After which a downside move is expected. Key point 0.7115 Entry point 0.7314 Elliott 0.7635 Closing 0.7161 Projection 0.6588 Trendline 0.7523 Trendline 0.7411 Res 2 0.7734 Ex-High 0.7523 Res 1 0.7447 Pivot 0.7236 Sup 1 0.6950 Ex-Low 0.7026 Sup 2 0.6739 0.7540 0.7421 0.7035 0.6916   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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