RTFX TraderTip >> EUR-NZD Analysis - Tuesday 16 March 2010

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RTFX TraderTip >> EUR-NZD 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 EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.9376 Scenario for today Market should not go lower than 1.9473 - 1.9428. After this move down it should go up to 1.9543 - 1.9567 area. Key point 1.9442 Entry point 1.9513 Elliott 1.9654 Closing 1.9478 Projection 1.9376 Trendline 1.9607 Trendline 1.9561 Res 2 1.9657 Ex-High 1.9607 Res 1 1.9567 Pivot 1.9518 Sup 1 1.9428 Ex-Low 1.9468 Sup 2 1.9379 1.9619 1.9571 1.9415 1.9366   WEEKLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.9419 Scenario for this week It may attempt a test higher to 1.9638 - 1.9783 after which weakness may set it to a drift down to below 1.9334 limit. Key point 1.9474 Entry point 1.9509 Elliott 1.9874 Closing 1.9623 Projection 1.9267 Trendline 1.9653 Trendline 1.9433 Res 2 1.9943 Ex-High 1.9654 Res 1 1.9783 Pivot 1.9494 Sup 1 1.9334 Ex-Low 1.9204 Sup 2 1.9044 1.9721 1.9630 1.9336 1.9245   MONTHLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There is bearish potential for a fall to 1.9384 - 1.9158 while 1.9609 - 1.9780 resist. After this fall a recovery up to 1.9780 or 1.9951 is expected. Key point 1.9523 Entry point 1.9639 Elliott 2.1278 Closing 1.9500 Projection 1.8087 Trendline 1.9663 Trendline 1.9663 Res 2 2.0402 Ex-High 2.0060 Res 1 1.9951 Pivot 1.9609 Sup 1 1.9158 Ex-Low 1.9267 Sup 2 1.8816 2.0193 1.9967 1.9236 1.9010   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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