RTFX TraderTip >> GBP-CHF Analysis - Monday 11 January 2010

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RTFX TraderTip >> GBP-CHF Analysis - 11 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-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.6263 Scenario for today While above 1.6388 - 1.6313 zone a corrective upmove could test 1.6506 or 1.6551. After which it should resume its downtrend. Key point 1.6440 Entry point 1.6487 Elliott 1.6781 Closing 1.6402 Projection 1.6175 Trendline 1.6473 Trendline 1.6473 Res 2 1.6699 Ex-High 1.6610 Res 1 1.6551 Pivot 1.6462 Sup 1 1.6313 Ex-Low 1.6373 Sup 2 1.6225 1.6610 1.6561 1.6402 1.6353   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.6294 Scenario for this week There is bearish potential for a fall to 1.6388 - 1.6256 while 1.6519 - 1.6592 resist. After this fall a recovery up to 1.6592 or 1.6664 is expected. Key point 1.6375 Entry point 1.6547 Elliott 1.7025 Closing 1.6402 Projection 1.6068 Trendline 1.6584 Trendline 1.6584 Res 2 1.6927 Ex-High 1.6781 Res 1 1.6664 Pivot 1.6519 Sup 1 1.6256 Ex-Low 1.6373 Sup 2 1.6111 1.6738 1.6643 1.6337 1.6242   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6367 Scenario for this month It looks more likely that it would rise to 1.6999 - 1.7308 from 1.6562 or 1.6408. After which a downside move is expected. Key point 1.6615 Entry point 1.6798 Elliott 1.7113 Closing 1.6691 Projection 1.6119 Trendline 1.7025 Trendline 1.6937 Res 2 1.7308 Ex-High 1.7025 Res 1 1.6999 Pivot 1.6716 Sup 1 1.6408 Ex-Low 1.6434 Sup 2 1.6125 1.7057 1.6903 1.6403 1.6249   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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