RTFX TraderTip >> EUR-CAD Analysis - Tuesday 22 December 2009

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RTFX TraderTip >> EUR-CAD 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 EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.5078 Scenario for today It looks set to visit further lower territory down to around 1.5143 - 1.5085. Its corrective attempts should fail ahead of 1.5143 - 1.5281. Stop loss above 1.5397 zone. Key point 1.5112 Entry point 1.5210 Elliott 1.5600 Closing 1.5165 Projection 1.4970 Trendline 1.5308 Trendline 1.5264 Res 2 1.5397 Ex-High 1.5317 Res 1 1.5281 Pivot 1.5201 Sup 1 1.5085 Ex-Low 1.5121 Sup 2 1.5004 1.5407 1.5367 1.5239 1.5200   Warning: End of trend - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.5088 Scenario for this week Market should not go lower than 1.5120. After this move down it should go up to 1.5511 area. Key point 1.5106 Entry point 1.5320 Elliott 1.6011 Closing 1.5282 Projection 1.5088 Trendline 1.5551 Trendline 1.5468 Res 2 1.5739 Ex-High 1.5600 Res 1 1.5511 Pivot 1.5372 Sup 1 1.5144 Ex-Low 1.5233 Sup 2 1.5005 1.5546 1.5459 1.5177 1.5090   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.5048 Scenario for this month It should be subject to more sell off towards 1.5724 or 1.5628. Corrective upward swings should face resistance around 1.5936 area. A break of 1.6232 is bullish. Key point 1.5887 Entry point 1.5949 Elliott 1.6011 Closing 1.5849 Projection 1.4751 Trendline 1.5598 Trendline 1.5964 Res 2 1.6232 Ex-High 1.6011 Res 1 1.6041 Pivot 1.5819 Sup 1 1.5628 Ex-Low 1.5598 Sup 2 1.5406 1.6172 1.5980 1.5359 1.5167   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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