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

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RTFX TraderTip >> EUR-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 EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.3855 Scenario for today It might hold above 1.3933 or 1.3905 for a rise towards above 1.3992. Stop loss below 1.3874 zone. Key point 1.3902 Entry point 1.3927 Elliott 1.4106 Closing 1.3937 Projection 1.3903 Trendline 1.4015 Trendline 1.3924 Res 2 1.4047 Ex-High 1.4015 Res 1 1.3992 Pivot 1.3960 Sup 1 1.3905 Ex-Low 1.3929 Sup 2 1.3874 1.4064 1.4036 1.3944 1.3915   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.3893 Scenario for this week Current fall is near an end of wave around 1.3908 - 1.3804 zone, a rally should then procede to above 1.4111. Fall below 1.3704 would cancel this scenario. Key point 1.3847 Entry point 1.3935 Elliott 1.4440 Closing 1.4012 Projection 1.3893 Trendline 1.4124 Trendline 1.3860 Res 2 1.4210 Ex-High 1.4106 Res 1 1.4111 Pivot 1.4007 Sup 1 1.3908 Ex-Low 1.3903 Sup 2 1.3804 1.4106 1.4061 1.3916 1.3871   MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It is likely to fall to 1.3990 or below 1.3647 in extension while 1.4445 - 1.4616 area offer resistance. Above 1.4788 the outlook could turn bullish. Key point 1.3984 Entry point 1.4280 Elliott 1.6011 Closing 1.4333 Projection 1.3604 Trendline 1.4655 Trendline 1.4710 Res 2 1.5242 Ex-High 1.4899 Res 1 1.4788 Pivot 1.4445 Sup 1 1.3990 Ex-Low 1.4102 Sup 2 1.3647 1.4819 1.4626 1.4002 1.3809   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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