RTFX TraderTip >> XAG-USD Analysis - Monday 19 July 2010

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RTFX TraderTip >> XAG-USD 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 18.06 Scenario for today Market should not go lower than 17.81 - 17.62. After this move down it should go up to 18.13 - 18.26 area. Key point 17.80 Entry point 18.06 Elliott 18.52 Closing 17.88 Projection 17.31 Trendline 18.39 Trendline 18.25 Res 2 18.65 Ex-High 18.39 Res 1 18.26 Pivot 18.01 Sup 1 17.62 Ex-Low 17.75 Sup 2 17.37 18.49 18.35 17.92 17.79   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 17.63 Scenario for this week It is a triangle configuration. Market should break either side. Acceleration should occur above 18.52 or under 17.75 limits. Key point 17.62 Entry point 18.07 Elliott 18.52 Closing 17.88 Projection 17.56 Trendline 17.75 Trendline 17.94 Res 2 18.83 Ex-High 18.52 Res 1 18.35 Pivot 18.05 Sup 1 17.58 Ex-Low 17.75 Sup 2 17.28 18.48 18.30 17.72 17.54   Warning: End of trend MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks set for gains to 19.66. Supports at 17.91 and 17.39. A break of 16.16 will damage this bullish structure. Key point 17.92 Entry point 17.54 Elliott 17.07 Closing 18.62 Projection 18.77 Trendline 17.20 Trendline 17.33 Res 2 20.70 Ex-High 19.47 Res 1 19.66 Pivot 18.43 Sup 1 17.39 Ex-Low 17.20 Sup 2 16.16 19.59 19.07 17.38 16.86   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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