RTFX TraderTip >> GBP-CAD Analysis - Tuesday 05 January 2010

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RTFX TraderTip >> GBP-CAD Analysis - 5 Jan 2010 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-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6661 Scenario for today Current fall is near an end of wave around 1.6648 zone, a rally should then procede to above 1.6896. Fall below 1.6542 would cancel this scenario. Key point 1.6687 Entry point 1.6775 Elliott 1.7074 Closing 1.6753 Projection 1.6524 Trendline 1.6933 Trendline 1.6793 Res 2 1.7039 Ex-High 1.6933 Res 1 1.6896 Pivot 1.6791 Sup 1 1.6648 Ex-Low 1.6685 Sup 2 1.6542 1.7022 1.6948 1.6706 1.6632   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6652 Scenario for this week It may attempt a test higher to 1.7001 - 1.7161 after which weakness may set it to a drift down to 1.6611 limit. Key point 1.6811 Entry point 1.6904 Elliott 1.7896 Closing 1.6929 Projection 1.6237 Trendline 1.7072 Trendline 1.6957 Res 2 1.7392 Ex-High 1.7074 Res 1 1.7161 Pivot 1.6842 Sup 1 1.6611 Ex-Low 1.6524 Sup 2 1.6293 1.7127 1.7004 1.6605 1.6482   MONTHLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6652 Scenario for this month One more dip to 1.6727 is likely followed by a grind higher to 1.7497. After which it can resume its downtrend. Key point 1.6288 Entry point 1.6936 Elliott 1.7896 Closing 1.6929 Projection 1.6237 Trendline 1.7579 Trendline 1.7261 Res 2 1.8065 Ex-High 1.7579 Res 1 1.7497 Pivot 1.7011 Sup 1 1.6443 Ex-Low 1.6524 Sup 2 1.5956 1.7457 1.7256 1.6605 1.6404   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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