RTFX TraderTip >> EUR-USD Analysis - Wednesday 24 March 2010

[RTFX-Trading]

RTFX TraderTip >> EUR-USD Analysis - 24 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.3410 Scenario for today It might hold above 1.3485 or around 1.3476 for a rise towards above 1.3551. Stop loss below 1.3457 zone. Key point 1.3466 Entry point 1.3518 Elliott 1.3570 Closing 1.3494 Projection 1.3463 Trendline 1.3476 Trendline 1.3489 Res 2 1.3607 Ex-High 1.3570 Res 1 1.3551 Pivot 1.3513 Sup 1 1.3457 Ex-Low 1.3476 Sup 2 1.3420 1.3637 1.3605 1.3500 1.3468   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3435 Scenario for this week There is bearish potential for a fall to 1.3416 while 1.3617 - 1.3674 resist. After this fall a recovery up to 1.3674 or 1.3731 is expected. Key point 1.3322 Entry point 1.3570 Elliott 1.3818 Closing 1.3530 Projection 1.3435 Trendline 1.3664 Trendline 1.3664 Res 2 1.3931 Ex-High 1.3818 Res 1 1.3731 Pivot 1.3617 Sup 1 1.3416 Ex-Low 1.3503 Sup 2 1.3302 1.3759 1.3694 1.3483 1.3418   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Structure is bearish to 1.3530 or 1.3364 limit but slowing momentum suggests a correction first to 1.3821 or 1.4278 zone. Key point 1.3376 Entry point 1.3617 Elliott 1.5144 Closing 1.3616 Projection 1.2456 Trendline 1.4023 Trendline 1.3469 Res 2 1.4278 Ex-High 1.4026 Res 1 1.3947 Pivot 1.3695 Sup 1 1.3364 Ex-Low 1.3443 Sup 2 1.3112 1.4071 1.3922 1.3439 1.3290   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.