RTFX TraderTip >> XAG-USD Analysis - Tuesday 22 December 2009

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RTFX TraderTip >> XAG-USD Analysis - 22 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 16.8306 Scenario for today While below 17.2620 - 17.3613 it might drop to 16.8313 or 16.6327. Key point 16.8310 Entry point 17.1625 Elliott 17.4940 Closing 17.0300 Projection 16.8306 Trendline 17.2272 Trendline 17.2272 Res 2 17.6927 Ex-High 17.4940 Res 1 17.3613 Pivot 17.1627 Sup 1 16.8313 Ex-Low 16.9640 Sup 2 16.6327 17.6552 17.5173 17.0709 16.9330   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 16.9498 Scenario for this week It is likely to fall to 16.9657 or below 16.6653 in extension while 17.3753 - 17.5255 area offer resistance. Above 17.6757 the outlook could turn bullish. Key point 16.8357 Entry point 17.0297 Elliott 19.4690 Closing 17.2660 Projection 16.1100 Trendline 17.5242 Trendline 16.9430 Res 2 18.0853 Ex-High 17.7850 Res 1 17.6757 Pivot 17.3753 Sup 1 16.9657 Ex-Low 17.0750 Sup 2 16.6653 17.8311 17.6395 17.0195 16.8279   Warning: Harami MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 19.4867 Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 19.3610 or 19.5353 if support around 17.8877 hold. After which a pullback to 17.8877 - 17.3665 zone is possible. Key point 17.7976 Entry point 17.3968 Elliott 12.4600 Closing 18.4930 Projection 20.9344 Trendline 16.9725 Trendline 17.1850 Res 2 20.5777 Ex-High 18.9300 Res 1 19.5353 Pivot 17.8877 Sup 1 16.8453 Ex-Low 16.2400 Sup 2 15.1977 20.0108 19.1995 16.5740 15.7627   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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