RTFX TraderTip >> NZD-USD Analysis - Tuesday 25 May 2010

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RTFX TraderTip >> NZD-USD Analysis - 25 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 NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 0.6654 Scenario for today While below 0.6692 - 0.6723 it could fall towards below 0.6626. Rise above 0.6740 could activate some bullish pattern. Key point 0.6657 Entry point 0.6703 Elliott 0.7297 Closing 0.6692 Projection 0.6654 Trendline 0.6754 Trendline 0.6757 Res 2 0.6821 Ex-High 0.6788 Res 1 0.6757 Pivot 0.6723 Sup 1 0.6659 Ex-Low 0.6690 Sup 2 0.6626 0.6881 0.6828 0.6656 0.6603   Warning: Harami WEEKLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an impulse wave down 0.6821 Scenario for this week One more dip to 0.6702 - 0.6577 is likely followed by a grind higher to 0.6929 - 0.7031. After which it can resume its downtrend. Key point 0.6609 Entry point 0.6833 Elliott 0.7326 Closing 0.6783 Projection 0.6485 Trendline 0.7139 Trendline 0.6950 Res 2 0.7280 Ex-High 0.7074 Res 1 0.7031 Pivot 0.6826 Sup 1 0.6577 Ex-Low 0.6621 Sup 2 0.6372 0.7016 0.6931 0.6655 0.6570   Warning: End of trend - Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 0.6611 Scenario for this month Currently uptrend should end around 0.7321 - 0.7408 area. A correction down to below 0.7048 is expected. A rise above 0.7547 will abort the expected correction. Key point 0.7322 Entry point 0.7324 Elliott 0.7326 Closing 0.7269 Projection 0.6489 Trendline 0.6959 Trendline 0.7079 Res 2 0.7547 Ex-High 0.7326 Res 1 0.7408 Pivot 0.7187 Sup 1 0.7048 Ex-Low 0.6966 Sup 2 0.6827 0.7489 0.7325 0.6793 0.6629   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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