RTFX TraderTip >> GBP-CAD Analysis - Tuesday 16 March 2010

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RTFX TraderTip >> GBP-CAD 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 GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.5275 Scenario for today Market should pop up towards 1.5400 or 1.5434 this bullish scenario would be damaged if 1.5319 - 1.5272 zone is broken, a severe break down could then occur. Key point 1.5311 Entry point 1.5372 Elliott 1.5518 Closing 1.5340 Projection 1.5275 Trendline 1.5461 Trendline 1.5404 Res 2 1.5529 Ex-High 1.5461 Res 1 1.5434 Pivot 1.5367 Sup 1 1.5272 Ex-Low 1.5299 Sup 2 1.5204 1.5498 1.5455 1.5314 1.5271   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It may meet resistance in 1.5443 - 1.5451 zone for a drift down to 1.5285 zone, after which bounce to 1.5627 is anticipated. Key point 1.5200 Entry point 1.5289 Elliott 1.7289 Closing 1.5461 Projection 1.4551 Trendline 1.5551 Trendline 1.5250 Res 2 1.5792 Ex-High 1.5616 Res 1 1.5627 Pivot 1.5451 Sup 1 1.5285 Ex-Low 1.5275 Sup 2 1.5109 1.5617 1.5539 1.5287 1.5209   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.5212 Scenario for this month Market should not go lower than 1.6039 - 1.5689. After this move down it should go up to 1.6570 - 1.6752 area. Key point 1.4876 Entry point 1.6196 Elliott 1.7896 Closing 1.6051 Projection 1.5212 Trendline 1.6954 Trendline 1.6845 Res 2 1.7452 Ex-High 1.7089 Res 1 1.6752 Pivot 1.6389 Sup 1 1.5689 Ex-Low 1.6026 Sup 2 1.5326 1.6810 1.6536 1.5650 1.5376   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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