RTFX TraderTip >> EUR-GBP Analysis - Monday 19 July 2010

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RTFX TraderTip >> EUR-GBP Analysis - 19 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 EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 0.8507 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8493 or 0.8486 if support around 0.8425 hold. After which a pullback to 0.8425 - 0.8406 zone is possible. Key point 0.8484 Entry point 0.8413 Elliott 0.8317 Closing 0.8449 Projection 0.8483 Trendline 0.8354 Trendline 0.8401 Res 2 0.8523 Ex-High 0.8462 Res 1 0.8486 Pivot 0.8425 Sup 1 0.8388 Ex-Low 0.8364 Sup 2 0.8327 0.8446 0.8424 0.8350 0.8328   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 0.8523 Scenario for this week Currently uptrend should end around 0.8496 - 0.8501 area. A correction down to below 0.8357 is expected. A rise above 0.8554 will abort the expected correction. Key point 0.8527 Entry point 0.8464 Elliott 0.8068 Closing 0.8449 Projection 0.8601 Trendline 0.8393 Trendline 0.8442 Res 2 0.8554 Ex-High 0.8462 Res 1 0.8501 Pivot 0.8409 Sup 1 0.8357 Ex-Low 0.8317 Sup 2 0.8265 0.8506 0.8473 0.8365 0.8332   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 0.8136 Scenario for this month Structure is bearish to 0.8127 or 0.8012 limit but slowing momentum suggests a correction first to 0.8331 or 0.8650 zone. Key point 0.8449 Entry point 0.8298 Elliott 0.9150 Closing 0.8187 Projection 0.7927 Trendline 0.8472 Trendline 0.8142 Res 2 0.8650 Ex-High 0.8475 Res 1 0.8419 Pivot 0.8243 Sup 1 0.8012 Ex-Low 0.8068 Sup 2 0.7836 0.8576 0.8468 0.8118 0.8010   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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