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

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RTFX TraderTip >> EUR-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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3115 Scenario for today There is bearish potential for a fall to 1.3116 while 1.3233 - 1.3272 resist. After this fall a recovery up to 1.3272 or 1.3311 is expected. Key point 1.3137 Entry point 1.3243 Elliott 1.3349 Closing 1.3194 Projection 1.3115 Trendline 1.3268 Trendline 1.3268 Res 2 1.3428 Ex-High 1.3349 Res 1 1.3311 Pivot 1.3233 Sup 1 1.3116 Ex-Low 1.3154 Sup 2 1.3038 1.3336 1.3296 1.3165 1.3124   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.3126 Scenario for this week It should test 1.3467 area after which a sell off down to 1.3146 or extended to 1.2980 area is expected. Key point 1.3283 Entry point 1.3279 Elliott 1.3692 Closing 1.3313 Projection 1.3030 Trendline 1.3357 Trendline 1.3309 Res 2 1.3582 Ex-High 1.3415 Res 1 1.3447 Pivot 1.3281 Sup 1 1.3146 Ex-Low 1.3115 Sup 2 1.2980 1.3459 1.3382 1.3134 1.3057   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3128 Scenario for this month It is likely to fall to 1.3054 or below 1.2796 in extension while 1.3373 - 1.3503 area offer resistance. Above 1.3632 the outlook could turn bullish. Key point 1.3006 Entry point 1.3250 Elliott 1.5144 Closing 1.3313 Projection 1.2456 Trendline 1.3477 Trendline 1.3402 Res 2 1.3951 Ex-High 1.3692 Res 1 1.3632 Pivot 1.3373 Sup 1 1.3054 Ex-Low 1.3115 Sup 2 1.2796 1.3641 1.3521 1.3134 1.3014   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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