RTFX TraderTip >> EUR-CAD Analysis - Thursday 24 June 2010

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RTFX TraderTip >> EUR-CAD Analysis - 24 Jun 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-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.2907 Scenario for today Current rise seems to be over near 1.2804 or 1.2869 for a retracement towards 1.2739 - 1.2704 area. Key point 1.2889 Entry point 1.2757 Elliott 1.2522 Closing 1.2799 Projection 1.2938 Trendline 1.2608 Trendline 1.2695 Res 2 1.2940 Ex-High 1.2809 Res 1 1.2869 Pivot 1.2739 Sup 1 1.2668 Ex-Low 1.2608 Sup 2 1.2538 1.2792 1.2750 1.2613 1.2570   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.2843 Scenario for this week If market stays below 1.2708 a fall to 1.2573 is expected. If market breaks the point 1.2774 it could reach the sky. Key point 1.2556 Entry point 1.2547 Elliott 1.2452 Closing 1.2636 Projection 1.2843 Trendline 1.2509 Trendline 1.2566 Res 2 1.2911 Ex-High 1.2779 Res 1 1.2774 Pivot 1.2641 Sup 1 1.2504 Ex-Low 1.2509 Sup 2 1.2372 1.2880 1.2794 1.2515 1.2429   MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks set to visit further lower territory down to around 1.2751 - 1.2479. Its corrective attempts should fail ahead of 1.2751 - 1.3398. Stop loss above 1.3943 zone. Key point 1.2502 Entry point 1.2850 Elliott 1.6011 Closing 1.2853 Projection 1.1275 Trendline 1.3272 Trendline 1.3378 Res 2 1.3943 Ex-High 1.3569 Res 1 1.3398 Pivot 1.3024 Sup 1 1.2479 Ex-Low 1.2650 Sup 2 1.2105 1.3459 1.3245 1.2551 1.2337   Warning: 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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