RTFX TraderTip >> EUR-NZD Analysis - Friday 07 May 2010

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RTFX TraderTip >> EUR-NZD Analysis - 7 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-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.7650 Scenario for today Market should hold major support at 1.7415 before rising towards 1.7935 or even 1.8107 limit. Key point 1.7749 Entry point 1.7767 Elliott 1.8328 Closing 1.7762 Projection 1.7517 Trendline 1.7873 Trendline 1.7733 Res 2 1.8107 Ex-High 1.7902 Res 1 1.7935 Pivot 1.7729 Sup 1 1.7557 Ex-Low 1.7524 Sup 2 1.7352 1.8137 1.8061 1.7816 1.7740   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an impulse wave down 1.8347 Scenario for this week It is likely to fall to 1.8083 or below 1.7850 in extension while 1.8369 - 1.8485 area offer resistance. Above 1.8602 the outlook could turn bullish. Key point 1.8100 Entry point 1.8304 Elliott 1.9244 Closing 1.8315 Projection 1.7195 Trendline 1.8740 Trendline 1.8235 Res 2 1.8888 Ex-High 1.8656 Res 1 1.8602 Pivot 1.8369 Sup 1 1.8083 Ex-Low 1.8137 Sup 2 1.7850 1.8696 1.8492 1.7831 1.7627   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-NZD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 1.7812. After this move down it should go up to 1.8993 area. Key point 1.7413 Entry point 1.8371 Elliott 2.1278 Closing 1.8315 Projection 1.6869 Trendline 1.9215 Trendline 1.8837 Res 2 1.9672 Ex-High 1.9244 Res 1 1.8993 Pivot 1.8565 Sup 1 1.7887 Ex-Low 1.8137 Sup 2 1.7459 1.9081 1.8786 1.7831 1.7536   Warning: End of trend - Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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