RTFX TraderTip >> USD-CAD Analysis - Thursday 09 April 2009

[RTFX-Trading]

RTFX TraderTip >> USD-CAD Analysis - 9 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 : flat correction down 1.2264 Scenario for today While below 1.2379 - 1.2415 it might drop to 1.2293 or below 1.2221 zone. Key point 1.2363 Entry point 1.2410 Elliott 1.2484 Closing 1.2364 Projection 1.2226 Trendline 1.2466 Trendline 1.2448 Res 2 1.2537 Ex-High 1.2466 Res 1 1.2451 Pivot 1.2379 Sup 1 1.2293 Ex-Low 1.2308 Sup 2 1.2221 1.2497 1.2450 1.2298 1.2250   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

Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58

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.