RTFX TraderTip >> XAG-USD Analysis - Tuesday 04 May 2010

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RTFX TraderTip >> XAG-USD Analysis - 4 May 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 18.92 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 18.92 or 18.95 if support around 18.73 hold. After which a pullback to 18.73 - 18.66 zone is possible. Key point 18.94 Entry point 18.81 Elliott 17.83 Closing 18.81 Projection 19.14 Trendline 18.70 Trendline 18.75 Res 2 19.09 Ex-High 18.88 Res 1 18.95 Pivot 18.73 Sup 1 18.59 Ex-Low 18.52 Sup 2 18.37 18.78 18.67 18.32 18.21   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 18.44 Scenario for this week Current rise seems to be over near 18.70 or 18.99 for a retracement towards 18.41 - 18.24 area. Key point 19.20 Entry point 18.51 Elliott 17.50 Closing 18.64 Projection 19.29 Trendline 17.83 Trendline 18.16 Res 2 19.35 Ex-High 18.76 Res 1 18.99 Pivot 18.41 Sup 1 18.06 Ex-Low 17.83 Sup 2 17.48 19.02 18.82 18.17 17.97   MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current rise should end around 19.11. Objectives of this downmove are 17.82 or 17.00. A rise above 19.58 is again bullish. Key point 19.80 Entry point 19.11 Elliott 14.65 Closing 18.64 Projection 19.47 Trendline 18.03 Trendline 18.89 Res 2 19.58 Ex-High 18.76 Res 1 19.11 Pivot 18.29 Sup 1 17.82 Ex-Low 17.48 Sup 2 17.00 19.07 18.82 18.00 17.75   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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