RTFX TraderTip >> XAG-USD Analysis - Tuesday 16 March 2010

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RTFX TraderTip >> XAG-USD Analysis - 16 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 17.24 Scenario for today It should test 17.26 area after which a sell off down to 17.00 or extended to 16.88 area is expected. Key point 17.20 Entry point 17.08 Elliott 16.96 Closing 17.13 Projection 17.19 Trendline 17.17 Trendline 16.99 Res 2 17.29 Ex-High 17.17 Res 1 17.21 Pivot 17.08 Sup 1 17.00 Ex-Low 16.96 Sup 2 16.88 17.41 17.30 16.95 16.84   WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week There are initial signs of a good corrective recovery towards 17.37 or even 17.55. Supports at 16.96 and 16.73 zone. Key point 17.41 Entry point 17.26 Elliott 14.65 Closing 17.09 Projection 17.28 Trendline 16.96 Trendline 17.42 Res 2 18.01 Ex-High 17.65 Res 1 17.55 Pivot 17.19 Sup 1 16.73 Ex-Low 16.82 Sup 2 16.36 17.57 17.41 16.89 16.73   MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should hold major support at 15.01 before rising towards 17.37 or even 18.30 limit. Key point 18.00 Entry point 16.33 Elliott 14.65 Closing 16.44 Projection 19.47 Trendline 17.14 Trendline 15.68 Res 2 18.30 Ex-High 16.94 Res 1 17.37 Pivot 16.01 Sup 1 15.09 Ex-Low 14.65 Sup 2 13.73 17.85 17.29 15.49 14.93   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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