RTFX TraderTip >> EUR-AUD Analysis - Friday 08 January 2010

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RTFX TraderTip >> EUR-AUD Analysis - 8 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 EUR-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today It may meet resistance in 1.5596 - 1.5618 zone for a drift down to 1.5558 zone, after which bounce to 1.5656 is anticipated. Key point 1.5563 Entry point 1.5583 Elliott 1.6319 Closing 1.5596 Projection 1.5307 Trendline 1.5661 Trendline 1.5607 Res 2 1.5717 Ex-High 1.5678 Res 1 1.5656 Pivot 1.5618 Sup 1 1.5558 Ex-Low 1.5580 Sup 2 1.5520 1.5808 1.5774 1.5663 1.5628   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.5540 Scenario for this week There is bearish potential for a fall to 1.5841 while 1.6062 - 1.6120 resist. After this fall a recovery up to 1.6120 or 1.6179 is expected. Key point 1.5781 Entry point 1.6023 Elliott 1.6319 Closing 1.5958 Projection 1.5540 Trendline 1.6283 Trendline 1.6247 Res 2 1.6400 Ex-High 1.6283 Res 1 1.6179 Pivot 1.6062 Sup 1 1.5841 Ex-Low 1.5945 Sup 2 1.5724 1.6233 1.6122 1.5763 1.5652   MONTHLY TECHNICAL ANALYSIS EUR-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.5530 Scenario for this month Market should not go lower than 1.5952 - 1.5783. After this move down it should go up to 1.6207 - 1.6294 area. Key point 1.5640 Entry point 1.5828 Elliott 2.0391 Closing 1.5958 Projection 1.5147 Trendline 1.6159 Trendline 1.6281 Res 2 1.6631 Ex-High 1.6456 Res 1 1.6294 Pivot 1.6120 Sup 1 1.5783 Ex-Low 1.5945 Sup 2 1.5609 1.6346 1.6208 1.5763 1.5625   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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