RTFX TraderTip >> GBP-CHF Analysis - Wednesday 05 May 2010

[RTFX-Trading]

RTFX TraderTip >> GBP-CHF Analysis - 5 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 GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.6816 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6801 or 1.6777 if support around 1.6649 hold. After which a pullback to 1.6649 - 1.6612 zone is possible. Key point 1.6785 Entry point 1.6628 Elliott 1.6423 Closing 1.6703 Projection 1.6816 Trendline 1.6512 Trendline 1.6584 Res 2 1.6850 Ex-High 1.6722 Res 1 1.6777 Pivot 1.6649 Sup 1 1.6576 Ex-Low 1.6521 Sup 2 1.6448 1.6714 1.6663 1.6498 1.6447   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.6787 Scenario for this week There are initial signs of a good corrective recovery towards 1.6563 or even 1.6610. Supports at 1.6441 and 1.6367 zone. Key point 1.6589 Entry point 1.6567 Elliott 1.5808 Closing 1.6460 Projection 1.7113 Trendline 1.6443 Trendline 1.6635 Res 2 1.6760 Ex-High 1.6666 Res 1 1.6610 Pivot 1.6516 Sup 1 1.6367 Ex-Low 1.6423 Sup 2 1.6273 1.6772 1.6694 1.6441 1.6363   MONTHLY TECHNICAL ANALYSIS GBP-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.6787 Scenario for this month If market stays below 1.6563 a fall to 1.6205 is expected. If market breaks the point 1.6767 it could reach the sky. Key point 1.6967 Entry point 1.6403 Elliott 1.5808 Closing 1.6460 Projection 1.7113 Trendline 1.5950 Trendline 1.6092 Res 2 1.7075 Ex-High 1.6666 Res 1 1.6767 Pivot 1.6359 Sup 1 1.6052 Ex-Low 1.5950 Sup 2 1.5643 1.6845 1.6694 1.6204 1.6053   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.