RTFX Tradertip >> USD-CAD Analysis - Wednesday 08 April 2009

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RTFX TraderTip >> USD-CAD Analysis - 8 Apr 2009 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.2471 Scenario for today There are initial signs of a good corrective recovery towards 1.2428 or even 1.2460. Supports at 1.2352 and 1.2307 zone. Key point 1.2388 Entry point 1.2386 Elliott 1.2226 Closing 1.2372 Projection 1.2413 Trendline 1.2331 Trendline 1.2436 Res 2 1.2549 Ex-High 1.2484 Res 1 1.2460 Pivot 1.2396 Sup 1 1.2307 Ex-Low 1.2331 Sup 2 1.2243 1.2536 1.2481 1.2306 1.2251   WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.2191 Scenario for this week It looks more likely that it would rise to above 1.2509 or 1.2579 from 1.2300 or 1.2162. After which a downside move to below 1.2022 is expected. Key point 1.2253 Entry point 1.2484 Elliott 1.2715 Closing 1.2303 Projection 1.2191 Trendline 1.2280 Trendline 1.2394 Res 2 1.2856 Ex-High 1.2715 Res 1 1.2579 Pivot 1.2439 Sup 1 1.2162 Ex-Low 1.2298 Sup 2 1.2022 1.2704 1.2600 1.2262 1.2158   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month While above 1.2397 - 1.2174 zone a corrective dip could test 1.2619 or 1.2833 or 1.3047. After which it should resume his downtrend. Key point 1.2380 Entry point 1.2357 Elliott 1.1763 Closing 1.2602 Projection 1.3008 Trendline 1.2360 Trendline 1.2405 Res 2 1.3492 Ex-High 1.3064 Res 1 1.3047 Pivot 1.2619 Sup 1 1.2174 Ex-Low 1.2191 Sup 2 1.1746 1.3099 1.2889 1.2208 1.1998   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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