RTFX TraderTip >> EUR-GBP Analysis - Tuesday 09 February 2010

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RTFX TraderTip >> EUR-GBP Analysis - 9 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 EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 0.8810 Scenario for today Resistances lie around 0.8778 and 0.8793. It should test lower towards 0.8728 zone. A clear break of 0.8740 would be bearish. Key point 0.8768 Entry point 0.8763 Elliott 0.8687 Closing 0.8758 Projection 0.8820 Trendline 0.8734 Trendline 0.8780 Res 2 0.8828 Ex-High 0.8799 Res 1 0.8793 Pivot 0.8763 Sup 1 0.8728 Ex-Low 0.8734 Sup 2 0.8698 0.8788 0.8771 0.8715 0.8698   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 0.8816 Scenario for this week It should trade lower to 0.8694. Resistances are at 0.8780 and 0.8818. A break of 0.8866 is bullish, confirmed by a close above 0.8806. Key point 0.8799 Entry point 0.8761 Elliott 0.8603 Closing 0.8742 Projection 0.8866 Trendline 0.8728 Trendline 0.8683 Res 2 0.8818 Ex-High 0.8769 Res 1 0.8780 Pivot 0.8732 Sup 1 0.8694 Ex-Low 0.8683 Sup 2 0.8646 0.8807 0.8784 0.8708 0.8685   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 0.8821 Scenario for this month Market should not go lower than 0.8638 - 0.8508. After this move down it should go up to 0.8851 - 0.8934 area. Key point 0.8645 Entry point 0.8789 Elliott 0.9412 Closing 0.8674 Projection 0.8455 Trendline 0.8983 Trendline 0.8901 Res 2 0.9194 Ex-High 0.9028 Res 1 0.8934 Pivot 0.8768 Sup 1 0.8508 Ex-Low 0.8603 Sup 2 0.8343 0.8998 0.8914 0.8643 0.8559   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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