RTFX TraderTip >> USD-CAD Analysis - Friday 12 February 2010

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RTFX TraderTip >> USD-CAD Analysis - 12 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.0429 Scenario for today Market should not go lower than 1.0425. After this move down it should go up to 1.0593 area. Key point 1.0451 Entry point 1.0544 Elliott 1.0781 Closing 1.0499 Projection 1.0402 Trendline 1.0641 Trendline 1.0553 Res 2 1.0687 Ex-High 1.0630 Res 1 1.0593 Pivot 1.0536 Sup 1 1.0443 Ex-Low 1.0480 Sup 2 1.0386 1.0716 1.0682 1.0569 1.0534   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0437 Scenario for this week It should find support in 1.0624 - 1.0571 area for a rally to 1.0910. Unexpected fall below 1.0442 will dent this bullish view. Key point 1.0769 Entry point 1.0775 Elliott 1.0781 Closing 1.0701 Projection 1.0437 Trendline 1.0645 Trendline 1.0695 Res 2 1.0910 Ex-High 1.0781 Res 1 1.0805 Pivot 1.0676 Sup 1 1.0571 Ex-Low 1.0546 Sup 2 1.0442 1.0860 1.0778 1.0513 1.0431   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.0786 Scenario for this month It should trade higher to 1.0849 or above 1.1007 in extention. Supports at 1.0458 and 1.0379. Stop loss below 1.0067 zone. Key point 1.0735 Entry point 1.0389 Elliott 1.0207 Closing 1.0691 Projection 1.0786 Trendline 1.0486 Trendline 1.0458 Res 2 1.1007 Ex-High 1.0695 Res 1 1.0849 Pivot 1.0537 Sup 1 1.0379 Ex-Low 1.0225 Sup 2 1.0067 1.0857 1.0738 1.0353 1.0234   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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