RTFX TraderTip >> GBP-CAD Analysis - Friday 05 February 2010

[RTFX-Trading]

RTFX TraderTip >> GBP-CAD Analysis - 5 Feb 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 : elongated flat correction up 1.7031 Scenario for today It should be subject to more sell off towards 1.6847 or 1.6768. Corrective upward swings should face resistance around 1.7023 area. A break of 1.7021 is bullish. Key point 1.6975 Entry point 1.6895 Elliott 1.6815 Closing 1.6927 Projection 1.6959 Trendline 1.6941 Trendline 1.6924 Res 2 1.7021 Ex-High 1.6941 Res 1 1.6974 Pivot 1.6894 Sup 1 1.6847 Ex-Low 1.6815 Sup 2 1.6768 1.7018 1.6981 1.6863 1.6826   WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6742 Scenario for this week Should test support at 1.6956 while below 1.7053. If support at 1.6956 holds it can rise up to 1.7255, if not it should fall to below 1.6825 zone. Key point 1.6889 Entry point 1.7089 Elliott 1.7289 Closing 1.7088 Projection 1.6742 Trendline 1.7008 Trendline 1.7260 Res 2 1.7421 Ex-High 1.7289 Res 1 1.7255 Pivot 1.7123 Sup 1 1.6956 Ex-Low 1.6991 Sup 2 1.6825 1.7277 1.7189 1.6903 1.6815   MONTHLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It should test 1.7465 area after which a sell off down to 1.6564 or extended to 1.6041 area is expected. Key point 1.6845 Entry point 1.6954 Elliott 1.7896 Closing 1.7088 Projection 1.6237 Trendline 1.7203 Trendline 1.7000 Res 2 1.7813 Ex-High 1.7289 Res 1 1.7451 Pivot 1.6927 Sup 1 1.6564 Ex-Low 1.6403 Sup 2 1.6041 1.7368 1.7189 1.6609 1.6430   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.