RTFX TraderTip >> EUR-USD Analysis - Monday 08 March 2010

[RTFX-Trading]

RTFX TraderTip >> EUR-USD Analysis - 8 Mar 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.3706 Scenario for today It should test 1.3702 area after which a sell off down to 1.3557 or extended to 1.3494 area is expected. Key point 1.3662 Entry point 1.3596 Elliott 1.3530 Closing 1.3621 Projection 1.3657 Trendline 1.3639 Trendline 1.3577 Res 2 1.3694 Ex-High 1.3630 Res 1 1.3657 Pivot 1.3594 Sup 1 1.3557 Ex-Low 1.3530 Sup 2 1.3494 1.3709 1.3669 1.3541 1.3501   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.3736 Scenario for this week It looks set for gains to 1.3760. Supports at 1.3528 and 1.3458. A break of 1.3296 will damage this bullish structure. Key point 1.3657 Entry point 1.3546 Elliott 1.3435 Closing 1.3621 Projection 1.3736 Trendline 1.3578 Trendline 1.3578 Res 2 1.3899 Ex-High 1.3736 Res 1 1.3760 Pivot 1.3597 Sup 1 1.3458 Ex-Low 1.3435 Sup 2 1.3296 1.3786 1.3716 1.3490 1.3420   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.3800 Scenario for this month Structure is bearish to 1.3530 or 1.3364 limit but slowing momentum suggests a correction first to 1.3821 or 1.4278 zone. Key point 1.3384 Entry point 1.3566 Elliott 1.5144 Closing 1.3616 Projection 1.2456 Trendline 1.4023 Trendline 1.3469 Res 2 1.4278 Ex-High 1.4026 Res 1 1.3947 Pivot 1.3695 Sup 1 1.3364 Ex-Low 1.3443 Sup 2 1.3112 1.4018 1.3881 1.3439 1.3302   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.