RTFX TraderTip >> EUR-USD Analysis - Monday 19 April 2010

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RTFX TraderTip >> EUR-USD Analysis - 19 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 : extension wave down 1.3431 Scenario for today Current fall is near an end of wave around 1.3460 zone, a rally should then procede to above 1.3572. Fall below 1.3410 would cancel this scenario. Key point 1.3491 Entry point 1.3522 Elliott 1.3679 Closing 1.3510 Projection 1.3463 Trendline 1.3600 Trendline 1.3503 Res 2 1.3635 Ex-High 1.3585 Res 1 1.3572 Pivot 1.3522 Sup 1 1.3460 Ex-Low 1.3472 Sup 2 1.3410 1.3649 1.3619 1.3523 1.3494   Warning: Low Zone - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3439 Scenario for this week Resistances lie around 1.3601 and 1.3644. It should test lower towards 1.3424 zone. A clear break of 1.3364 would be bearish. Key point 1.3437 Entry point 1.3565 Elliott 1.3692 Closing 1.3510 Projection 1.3439 Trendline 1.3472 Trendline 1.3662 Res 2 1.3778 Ex-High 1.3692 Res 1 1.3644 Pivot 1.3558 Sup 1 1.3424 Ex-Low 1.3472 Sup 2 1.3338 1.3679 1.3628 1.3464 1.3413   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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