RTFX TraderTip >> EUR-USD Analysis - Friday 16 April 2010

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RTFX TraderTip >> EUR-USD Analysis - 16 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.3479 Scenario for today Market should pop up towards 1.3620 or 1.3653 this bullish scenario would be damaged if 1.3547 - 1.3507 zone is broken, a severe break down could then occur. Key point 1.3574 Entry point 1.3618 Elliott 1.3679 Closing 1.3573 Projection 1.3463 Trendline 1.3667 Trendline 1.3655 Res 2 1.3733 Ex-High 1.3667 Res 1 1.3653 Pivot 1.3587 Sup 1 1.3507 Ex-Low 1.3521 Sup 2 1.3441 1.3686 1.3655 1.3553 1.3522   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.3746 Scenario for this week It may attempt a test higher to 1.3516 - 1.3594 after which weakness may set it to a drift down to below 1.3338 limit. Key point 1.3760 Entry point 1.3521 Elliott 1.3283 Closing 1.3494 Projection 1.3782 Trendline 1.3538 Trendline 1.3486 Res 2 1.3694 Ex-High 1.3539 Res 1 1.3594 Pivot 1.3438 Sup 1 1.3338 Ex-Low 1.3283 Sup 2 1.3182 1.3681 1.3615 1.3402 1.3336   Warning: Low Zone MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Structure is bearish to 1.3388 or 1.3245 limit but slowing momentum suggests a correction first to 1.3663 or 1.4081 zone. Key point 1.3402 Entry point 1.3477 Elliott 1.5144 Closing 1.3509 Projection 1.2456 Trendline 1.3617 Trendline 1.3486 Res 2 1.4081 Ex-High 1.3818 Res 1 1.3795 Pivot 1.3531 Sup 1 1.3245 Ex-Low 1.3268 Sup 2 1.2981 1.3903 1.3755 1.3275 1.3127   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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