RTFX TraderTip >> EUR-NZD Analysis - Thursday 17 December 2009

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RTFX TraderTip >> EUR-NZD Analysis - 17 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 EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 2.0068 Scenario for today Resistances lie around 2.0239 and 2.0276. It should test lower towards 2.0095 zone. A clear break of 2.0072 would be bearish. Key point 2.0120 Entry point 2.0214 Elliott 2.0308 Closing 2.0169 Projection 2.0068 Trendline 2.0131 Trendline 2.0163 Res 2 2.0383 Ex-High 2.0308 Res 1 2.0276 Pivot 2.0202 Sup 1 2.0095 Ex-Low 2.0128 Sup 2 2.0021 2.0323 2.0273 2.0113 2.0063   WEEKLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 2.0030 Scenario for this week Market should not go lower than 1.9821. After this move down it should go up to 2.0526 - 2.0663 area. Key point 1.9923 Entry point 2.0360 Elliott 2.1278 Closing 2.0183 Projection 1.9932 Trendline 2.0823 Trendline 2.0661 Res 2 2.1144 Ex-High 2.0870 Res 1 2.0663 Pivot 2.0389 Sup 1 1.9909 Ex-Low 2.0115 Sup 2 1.9635 2.0743 2.0589 2.0092 1.9938   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Currently uptrend should end around 2.1116 - 2.1511 area. A correction down to 2.0443 - 2.0165 is expected. A rise above 2.2068 will abort the expected correction. Key point 2.0251 Entry point 2.0150 Elliott 1.9700 Closing 2.0955 Projection 2.2024 Trendline 1.9932 Trendline 2.0164 Res 2 2.2068 Ex-High 2.1278 Res 1 2.1511 Pivot 2.0722 Sup 1 2.0165 Ex-Low 1.9932 Sup 2 1.9376 2.1496 2.1143 2.0000 1.9647   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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