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

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RTFX TraderTip >> GBP-CHF 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-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.5861 Scenario for today One more dip to 1.5951 is likely followed by a grind higher to 1.6081. After which it can resume its downtrend. Key point 1.5983 Entry point 1.6034 Elliott 1.6121 Closing 1.5984 Projection 1.5933 Trendline 1.6097 Trendline 1.6072 Res 2 1.6179 Ex-High 1.6097 Res 1 1.6081 Pivot 1.5999 Sup 1 1.5902 Ex-Low 1.5917 Sup 2 1.5820 1.6138 1.6101 1.5983 1.5946   Warning: End of trend WEEKLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an elongated correction 1.6130 Scenario for this week It is likely to fall to 1.5960 or below 1.5851 in extension while 1.6114 - 1.6168 area offer resistance. Above 1.6223 the outlook could turn bullish. Key point 1.5943 Entry point 1.6049 Elliott 1.7113 Closing 1.6069 Projection 1.5826 Trendline 1.6153 Trendline 1.6117 Res 2 1.6377 Ex-High 1.6267 Res 1 1.6223 Pivot 1.6114 Sup 1 1.5960 Ex-Low 1.6005 Sup 2 1.5851 1.6250 1.6182 1.5961 1.5893   Warning: Imminent end of bearish move - Harami MONTHLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.5884 Scenario for this month There is bearish potential for a fall to 1.6124 while 1.6571 - 1.6700 resist. After this fall a recovery up to 1.6700 or 1.6828 is expected. Key point 1.5606 Entry point 1.6441 Elliott 1.7113 Closing 1.6381 Projection 1.5505 Trendline 1.7019 Trendline 1.6924 Res 2 1.7275 Ex-High 1.7019 Res 1 1.6828 Pivot 1.6571 Sup 1 1.6124 Ex-Low 1.6314 Sup 2 1.5867 1.6835 1.6665 1.6116 1.5946   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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