RTFX TraderTip >> EUR-USD Analysis - Friday 23 April 2010

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RTFX TraderTip >> EUR-USD Analysis - 23 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 : extended impulse wave down 1.3195 Scenario for today Market should not go lower than 1.3277 - 1.3229. After this move down it should go up to 1.3358 - 1.3391 area. Key point 1.3279 Entry point 1.3330 Elliott 1.3522 Closing 1.3295 Projection 1.3195 Trendline 1.3391 Trendline 1.3395 Res 2 1.3487 Ex-High 1.3421 Res 1 1.3391 Pivot 1.3325 Sup 1 1.3229 Ex-Low 1.3260 Sup 2 1.3163 1.3476 1.3445 1.3343 1.3312   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.3536 Scenario for this week It is a triangle configuration. Market should break either side. Acceleration should occur above 1.3692 or under 1.3472 limits. Key point 1.3353 Entry point 1.3522 Elliott 1.3692 Closing 1.3510 Projection 1.3030 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 1.3681 1.3607 1.3366 1.3292   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It is likely to fall to 1.3245 or below 1.2981 in extension while 1.3531 - 1.3663 area offer resistance. Above 1.3795 the outlook could turn bullish. 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 1.3907 1.3755 1.3263 1.3111   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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