RTFX TraderTip >> EUR-GBP Analysis - Friday 10 April 2009

[RTFX-Trading]

RTFX TraderTip >> EUR-GBP Analysis - 10 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 EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 0.8898 Scenario for today While above 0.8967 - 0.8928 zone a corrective dip could test 0.9007 or 0.9029 or 0.9051. After which it should resume his downtrend. Key point 0.8916 Entry point 0.9002 Elliott 0.9087 Closing 0.8971 Projection 0.8883 Trendline 0.8964 Trendline 0.8967 Res 2 0.9130 Ex-High 0.9087 Res 1 0.9051 Pivot 0.9007 Sup 1 0.8928 Ex-Low 0.8964 Sup 2 0.8884 0.9102 0.9073 0.8978 0.8949   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.8920 Scenario for this week Market should not go lower than 0.8968. After this move down it should go up to 0.9070 - 0.9160 area. Key point 0.8889 Entry point 0.9137 Elliott 0.9500 Closing 0.9100 Projection 0.8727 Trendline 0.9327 Trendline 0.9254 Res 2 0.9461 Ex-High 0.9341 Res 1 0.9281 Pivot 0.9160 Sup 1 0.8980 Ex-Low 0.9040 Sup 2 0.8859 0.9298 0.9228 0.9001 0.8931   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Strength can extend to 0.9376 or even higher than 0.9564 as declines are expected to find support at 0.9031 or 0.8875. A fall below 0.8498 could turn it bearish. Key point 0.9122 Entry point 0.9010 Elliott 0.8638 Closing 0.9251 Projection 0.9358 Trendline 0.8811 Trendline 0.8984 Res 2 0.9876 Ex-High 0.9500 Res 1 0.9564 Pivot 0.9187 Sup 1 0.8875 Ex-Low 0.8811 Sup 2 0.8498 0.9531 0.9379 0.8886 0.8734   Warning: End of trend - Imminent end of bullish move 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.