RTFX TraderTip >> USD-CHF Analysis - Friday 12 March 2010

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RTFX TraderTip >> USD-CHF Analysis - 12 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 USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.0626 Scenario for today It looks set to visit further lower territory down to around 1.0683 - 1.0667. Its corrective attempts should fail ahead of 1.0708 or 1.0717. Stop loss above 1.0750 zone. Key point 1.0662 Entry point 1.0685 Elliott 1.0805 Closing 1.0685 Projection 1.0596 Trendline 1.0743 Trendline 1.0696 Res 2 1.0750 Ex-High 1.0732 Res 1 1.0717 Pivot 1.0700 Sup 1 1.0667 Ex-Low 1.0682 Sup 2 1.0649 1.0776 1.0755 1.0688 1.0668   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0649 Scenario for this week It looks more likely that it would rise to 1.0871 - 1.1000 from 1.0696 or 1.0631. After which a downside move is expected. Key point 1.0720 Entry point 1.0805 Elliott 1.0889 Closing 1.0742 Projection 1.0649 Trendline 1.0778 Trendline 1.0778 Res 2 1.1000 Ex-High 1.0889 Res 1 1.0871 Pivot 1.0760 Sup 1 1.0631 Ex-Low 1.0649 Sup 2 1.0520 1.0904 1.0847 1.0662 1.0605   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.0941 Scenario for this month While below 1.0820 - 1.0928 it is more likely to fall further towards 1.0619 or 1.0526. Premature rise above 1.0928 could see it rising above 1.1114 zone. Key point 1.0908 Entry point 1.0737 Elliott 0.9917 Closing 1.0741 Projection 1.1183 Trendline 1.0447 Trendline 1.0864 Res 2 1.1114 Ex-High 1.0899 Res 1 1.0928 Pivot 1.0713 Sup 1 1.0526 Ex-Low 1.0498 Sup 2 1.0311 1.0993 1.0894 1.0573 1.0474   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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