RTFX TraderTip >> EUR-NZD Analysis - Monday 29 March 2010

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RTFX TraderTip >> EUR-NZD Analysis - 29 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 up 1.9166 Scenario for today It should trade higher to 1.9150 while 1.8982 or 1.8931 offers support. Stop loss below 1.8880 zone. Key point 1.9146 Entry point 1.8944 Elliott 1.8805 Closing 1.9048 Projection 1.9287 Trendline 1.8815 Trendline 1.8824 Res 2 1.9251 Ex-High 1.9084 Res 1 1.9150 Pivot 1.8982 Sup 1 1.8880 Ex-Low 1.8815 Sup 2 1.8713 1.9162 1.9105 1.8922 1.8865   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.8892 Scenario for this week Market should hold major support at 1.8622 before rising towards 1.9288 or even 1.9528 limit. Key point 1.8948 Entry point 1.9066 Elliott 1.9874 Closing 1.9048 Projection 1.8892 Trendline 1.9305 Trendline 1.8966 Res 2 1.9528 Ex-High 1.9287 Res 1 1.9288 Pivot 1.9046 Sup 1 1.8806 Ex-Low 1.8805 Sup 2 1.8565 1.9339 1.9227 1.8866 1.8754   Warning: End of trend 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 1.9495 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 2.0255 1.9967 1.9036 1.8748   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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