RTFX TraderTip >> USD-CAD Analysis - Tuesday 14 April 2009

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RTFX TraderTip >> USD-CAD Analysis - 14 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 : extension wave down 1.2136 Scenario for today No comment! Key point 1.2163 Entry point 1.2231 Elliott 1.2299 Closing 1.2198 Projection 1.2157 Trendline 1.2249 Trendline 1.2249 Res 2 1.2354 Ex-High 1.2299 Res 1 1.2276 Pivot 1.2221 Sup 1 1.2143 Ex-Low 1.2166 Sup 2 1.2088 1.2377 1.2339 1.2217 1.2179   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in a flat correction 1.2322 Scenario for this week Prefer a fall to below 1.2165. Then a correction to above 1.2598 is anticipated. A clear break of 1.2052 is again bearish. Key point 1.2114 Entry point 1.2230 Elliott 1.2715 Closing 1.2279 Projection 1.1867 Trendline 1.2484 Trendline 1.2253 Res 2 1.2598 Ex-High 1.2484 Res 1 1.2438 Pivot 1.2325 Sup 1 1.2165 Ex-Low 1.2211 Sup 2 1.2052 1.2455 1.2392 1.2189 1.2126   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 1.2366 Entry point 1.2715 Elliott 1.3064 Closing 1.2602 Projection 1.1763 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 1.3109 1.2889 1.2178 1.1958   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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