RTFX TraderTip >> GBP-USD Analysis - Monday 22 March 2010

[RTFX-Trading]

RTFX TraderTip >> GBP-USD Analysis - 22 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.4882 Scenario for today Market should not go lower than 1.4874. After this move down it should go up to 1.5183 area. Key point 1.4902 Entry point 1.5096 Elliott 1.5382 Closing 1.5013 Projection 1.4728 Trendline 1.5248 Trendline 1.5193 Res 2 1.5353 Ex-High 1.5256 Res 1 1.5183 Pivot 1.5086 Sup 1 1.4916 Ex-Low 1.4989 Sup 2 1.4819 1.5321 1.5261 1.5068 1.5008   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.4871 Scenario for this week Current move should be supported in 1.4995 - 1.4866 zone for a rise to 1.5270. A break below 1.4720 opens the way down. Key point 1.4845 Entry point 1.5114 Elliott 1.5382 Closing 1.5013 Projection 1.4784 Trendline 1.4996 Trendline 1.5082 Res 2 1.5528 Ex-High 1.5382 Res 1 1.5270 Pivot 1.5124 Sup 1 1.4866 Ex-Low 1.4978 Sup 2 1.4720 1.5342 1.5248 1.4945 1.4851   MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an elongated correction 1.5432 Scenario for this month Market should not go lower than 1.4885. After this move down it should go up to 1.5829 area. Key point 1.4936 Entry point 1.5438 Elliott 1.6877 Closing 1.5249 Projection 1.4263 Trendline 1.6059 Trendline 1.5745 Res 2 1.6409 Ex-High 1.6070 Res 1 1.5829 Pivot 1.5491 Sup 1 1.4911 Ex-Low 1.5152 Sup 2 1.4573 1.5960 1.5726 1.4968 1.4734   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.