RTFX TraderTip >> USD-CAD Analysis - Thursday 16 April 2009

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RTFX TraderTip >> USD-CAD Analysis - 16 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 : crucial reversal point 1.1987 Scenario for today Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1978 or 1.1970. Major support is clustered around 1.1898 limit. Key point 1.1965 Entry point 1.2075 Elliott 1.2299 Closing 1.2033 Projection 1.1926 Trendline 1.2171 Trendline 1.2129 Res 2 1.2249 Ex-High 1.2186 Res 1 1.2141 Pivot 1.2078 Sup 1 1.1970 Ex-Low 1.2015 Sup 2 1.1907 1.2259 1.2220 1.2094 1.2055   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.1991 Scenario for this week There is bearish potential for a fall to 1.2165 while 1.2325 - 1.2382 resist. After this fall a recovery up to 1.2382 or 1.2438 is expected. 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 1.2478 1.2392 1.2113 1.2027   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 1.3132 1.2889 1.2103 1.1860   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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