RTFX TraderTip >> EUR-CAD Analysis - Monday 05 April 2010

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RTFX TraderTip >> EUR-CAD Analysis - 5 Apr 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 : flat correction down 1.3572 Scenario for today Market should not go lower than 1.3621 - 1.3584. After this move down it should go up to 1.3685 - 1.3710 area. Key point 1.3631 Entry point 1.3674 Elliott 1.3831 Closing 1.3635 Projection 1.3572 Trendline 1.3714 Trendline 1.3727 Res 2 1.3785 Ex-High 1.3734 Res 1 1.3710 Pivot 1.3659 Sup 1 1.3584 Ex-Low 1.3607 Sup 2 1.3532 1.3780 1.3742 1.3623 1.3586   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.3574 Scenario for this week No comment! Key point 1.3552 Entry point 1.3648 Elliott 1.4440 Closing 1.3635 Projection 1.3396 Trendline 1.3714 Trendline 1.3738 Res 2 1.3915 Ex-High 1.3831 Res 1 1.3775 Pivot 1.3691 Sup 1 1.3551 Ex-Low 1.3607 Sup 2 1.3467 1.3813 1.3761 1.3593 1.3541   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.3604 Scenario for this month It is likely to fall to 1.3407 or below 1.3099 in extension while 1.3880 - 1.4034 area offer resistance. Above 1.4188 the outlook could turn bullish. Key point 1.3291 Entry point 1.3654 Elliott 1.6011 Closing 1.3715 Projection 1.3604 Trendline 1.4280 Trendline 1.3984 Res 2 1.4661 Ex-High 1.4353 Res 1 1.4188 Pivot 1.3880 Sup 1 1.3407 Ex-Low 1.3572 Sup 2 1.3099 1.4189 1.4047 1.3589 1.3447   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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