RTFX TraderTip >> EUR-CAD Analysis - Thursday 28 January 2010

[RTFX-Trading]

RTFX TraderTip >> EUR-CAD Analysis - 28 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-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.4853 Scenario for today There is bearish potential for a fall to 1.4893 while 1.4946 - 1.4962 resist. After this fall a recovery up to 1.4962 or 1.4978 is expected. Key point 1.4891 Entry point 1.4943 Elliott 1.5033 Closing 1.4924 Projection 1.4895 Trendline 1.5000 Trendline 1.4967 Res 2 1.5032 Ex-High 1.5000 Res 1 1.4978 Pivot 1.4946 Sup 1 1.4893 Ex-Low 1.4915 Sup 2 1.4861 1.5029 1.4996 1.4888 1.4855   WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.5089 Scenario for this week It should be subject to more sell off towards 1.4759 or 1.4556. Corrective upward swings should face resistance around 1.5241 area. A break of 1.5194 is bullish. Key point 1.5128 Entry point 1.4900 Elliott 1.4672 Closing 1.4962 Projection 1.5089 Trendline 1.4918 Trendline 1.4973 Res 2 1.5194 Ex-High 1.4991 Res 1 1.5078 Pivot 1.4875 Sup 1 1.4759 Ex-Low 1.4672 Sup 2 1.4556 1.5082 1.5012 1.4786 1.4716   MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 1.4986 - 1.4665. After this move down it should go up to 1.5496 - 1.5685 area. Key point 1.4228 Entry point 1.5273 Elliott 1.6011 Closing 1.5043 Projection 1.4269 Trendline 1.5949 Trendline 1.5887 Res 2 1.6327 Ex-High 1.5949 Res 1 1.5685 Pivot 1.5307 Sup 1 1.4665 Ex-Low 1.4930 Sup 2 1.4288 1.5741 1.5519 1.4801 1.4579   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.