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

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RTFX TraderTip >> EUR-USD 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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.3744 Scenario for today Currently uptrend should end around 1.3697 - 1.3705 area. A correction down to below 1.3639 is expected. A rise above 1.3729 will abort the expected correction. Key point 1.3725 Entry point 1.3678 Elliott 1.3537 Closing 1.3681 Projection 1.3705 Trendline 1.3606 Trendline 1.3698 Res 2 1.3729 Ex-High 1.3687 Res 1 1.3705 Pivot 1.3663 Sup 1 1.3639 Ex-Low 1.3621 Sup 2 1.3597 1.3708 1.3681 1.3595 1.3568   Warning: Imminent end of bullish move 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 1.3640 Entry point 1.3537 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 1.3792 1.3720 1.3486 1.3414   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

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