RTFX TraderTip >> USD-CAD Analysis - Monday 12 April 2010

[RTFX-Trading]

RTFX TraderTip >> USD-CAD Analysis - 12 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.9977 Scenario for today It should be subject to more sell off towards 0.9993 or 0.9946. Corrective upward swings should face resistance around 1.0042 area. A break of 1.0130 is bullish. Key point 1.0041 Entry point 1.0057 Elliott 1.0105 Closing 1.0039 Projection 0.9977 Trendline 1.0084 Trendline 1.0062 Res 2 1.0130 Ex-High 1.0084 Res 1 1.0085 Pivot 1.0038 Sup 1 0.9993 Ex-Low 0.9991 Sup 2 0.9946 1.0095 1.0072 0.9998 0.9975   WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 0.9970 Scenario for this week It may meet resistance in 1.0039 - 1.0041 zone for a drift down to 0.9976 zone, after which bounce to 1.0103 is anticipated. Key point 0.9993 Entry point 1.0016 Elliott 1.0303 Closing 1.0039 Projection 0.9913 Trendline 1.0132 Trendline 0.9937 Res 2 1.0168 Ex-High 1.0105 Res 1 1.0103 Pivot 1.0041 Sup 1 0.9976 Ex-Low 0.9977 Sup 2 0.9913 1.0118 1.0088 0.9992 0.9962   MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 0.9948 Scenario for this month Market should not go lower than 0.9875. After this move down it should go up to 1.0363 - 1.0463 area. Key point 0.9754 Entry point 1.0163 Elliott 1.0781 Closing 1.0152 Projection 0.9882 Trendline 1.0574 Trendline 1.0367 Res 2 1.0774 Ex-High 1.0574 Res 1 1.0463 Pivot 1.0263 Sup 1 0.9952 Ex-Low 1.0062 Sup 2 0.9751 1.0477 1.0369 1.0020 0.9912   Warning: End of trend - 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 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.