RTFX TraderTip >> AUD-USD Analysis - Wednesday 07 July 2010

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RTFX TraderTip >> AUD-USD Analysis - 7 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 AUD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 0.8631 Scenario for today It should trade higher to 0.8619 while 0.8468 or 0.8422 offers support. Stop loss below 0.8376 zone. Key point 0.8615 Entry point 0.8466 Elliott 0.8317 Closing 0.8527 Projection 0.8631 Trendline 0.8429 Trendline 0.8429 Res 2 0.8711 Ex-High 0.8560 Res 1 0.8619 Pivot 0.8468 Sup 1 0.8376 Ex-Low 0.8317 Sup 2 0.8225 0.8558 0.8515 0.8375 0.8331   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS AUD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.8277 Scenario for this week Market should not go lower than 0.8371 - 0.8237. After this move down it should go up to 0.8601 - 0.8697 area. Key point 0.8344 Entry point 0.8573 Elliott 0.8859 Closing 0.8426 Projection 0.8082 Trendline 0.8776 Trendline 0.8694 Res 2 0.8967 Ex-High 0.8777 Res 1 0.8697 Pivot 0.8507 Sup 1 0.8237 Ex-Low 0.8317 Sup 2 0.8047 0.8776 0.8668 0.8317 0.8209   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS AUD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 0.8578 Scenario for this month One more dip to 0.8244 - 0.8039 is likely followed by a grind higher to 0.8632 - 0.8816. After which it can resume its downtrend. Key point 0.8262 Entry point 0.8485 Elliott 0.9383 Closing 0.8406 Projection 0.8081 Trendline 0.8909 Trendline 0.8597 Res 2 0.9226 Ex-High 0.8859 Res 1 0.8816 Pivot 0.8449 Sup 1 0.8039 Ex-Low 0.8082 Sup 2 0.7672 0.8868 0.8710 0.8199 0.8041   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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