RTFX TraderTip >> GBP-AUD Analysis - Thursday 01 July 2010

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RTFX TraderTip >> GBP-AUD Analysis - 1 Jul 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 GBP-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in an impulse wave up 1.7641 Scenario for today Currently uptrend should end around 1.7881 - 1.7867 area. A correction down to below 1.7620 is expected. A rise above 1.7952 will abort the expected correction. Key point 1.7925 Entry point 1.7758 Elliott 1.6749 Closing 1.7781 Projection 1.7982 Trendline 1.7539 Trendline 1.7781 Res 2 1.7952 Ex-High 1.7791 Res 1 1.7867 Pivot 1.7706 Sup 1 1.7620 Ex-Low 1.7545 Sup 2 1.7459 1.7701 1.7625 1.7381 1.7306   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS GBP-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.7810 Scenario for this week It should trade higher to 1.7478 while 1.7114 or 1.6980 offers support. Stop loss below 1.6847 zone. Key point 1.7590 Entry point 1.7170 Elliott 1.6749 Closing 1.7212 Projection 1.7894 Trendline 1.7104 Trendline 1.7104 Res 2 1.7744 Ex-High 1.7380 Res 1 1.7478 Pivot 1.7114 Sup 1 1.6847 Ex-Low 1.6749 Sup 2 1.6483 1.7779 1.7586 1.6960 1.6767   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS GBP-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.8133 Scenario for this month Current rise seems to be over near 1.7837 or 1.8200 for a retracement towards 1.7475 - 1.7265 area. Key point 1.8241 Entry point 1.7572 Elliott 1.6222 Closing 1.7781 Projection 1.8284 Trendline 1.6749 Trendline 1.7277 Res 2 1.8619 Ex-High 1.7894 Res 1 1.8200 Pivot 1.7475 Sup 1 1.7056 Ex-Low 1.6749 Sup 2 1.6330 1.8245 1.7980 1.7122 1.6857   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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