RTFX TraderTip >> GBP-CAD Analysis - Friday 09 April 2010

[RTFX-Trading]

RTFX TraderTip >> GBP-CAD Analysis - 9 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 GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.5407 Scenario for today A drift down to 1.5259 from 1.5312 - 1.5342 area could be followed by a consolidation/corrective activity. Key point 1.5359 Entry point 1.5342 Elliott 1.5136 Closing 1.5312 Projection 1.5453 Trendline 1.5262 Trendline 1.5389 Res 2 1.5424 Ex-High 1.5371 Res 1 1.5368 Pivot 1.5315 Sup 1 1.5259 Ex-Low 1.5263 Sup 2 1.5207 1.5404 1.5361 1.5224 1.5182   WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.5120 Scenario for this week Currently uptrend should end around 1.5440 - 1.5471 area. A correction down to below 1.5252 is expected. A rise above 1.5573 will abort the expected correction. Key point 1.5363 Entry point 1.5410 Elliott 1.5457 Closing 1.5369 Projection 1.5120 Trendline 1.5238 Trendline 1.5355 Res 2 1.5573 Ex-High 1.5457 Res 1 1.5471 Pivot 1.5354 Sup 1 1.5252 Ex-Low 1.5237 Sup 2 1.5135 1.5509 1.5433 1.5187 1.5111   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Structure is bearish to 1.5267 or 1.5028 limit but slowing momentum suggests a correction first to 1.5698 or 1.6369 zone. Key point 1.4924 Entry point 1.5282 Elliott 1.7896 Closing 1.5414 Projection 1.4186 Trendline 1.6196 Trendline 1.4876 Res 2 1.6369 Ex-High 1.5983 Res 1 1.5891 Pivot 1.5505 Sup 1 1.5028 Ex-Low 1.5120 Sup 2 1.4642 1.5900 1.5718 1.5128 1.4946   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
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.