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

[RTFX-Trading]

RTFX TraderTip >> GBP-USD 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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.5114 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5023 or 1.5167 if support around 1.4952 hold. After which a pullback to 1.4952 - 1.4910 zone is possible. Key point 1.5067 Entry point 1.4975 Elliott 1.4605 Closing 1.4998 Projection 1.5154 Trendline 1.4906 Trendline 1.4906 Res 2 1.5167 Ex-High 1.5036 Res 1 1.5082 Pivot 1.4952 Sup 1 1.4867 Ex-Low 1.4821 Sup 2 1.4737 1.4965 1.4917 1.4762 1.4714   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.5042 Scenario for this week There are initial signs of a good corrective recovery towards 1.4808 or even 1.4883. Supports at 1.4620 and 1.4508 zone. Key point 1.4852 Entry point 1.4782 Elliott 1.3655 Closing 1.4658 Projection 1.5470 Trendline 1.4520 Trendline 1.5055 Res 2 1.5108 Ex-High 1.4958 Res 1 1.4883 Pivot 1.4733 Sup 1 1.4508 Ex-Low 1.4583 Sup 2 1.4358 1.5122 1.4997 1.4594 1.4469   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Positive momentum should help it to test 1.4848 or 1.5374 while above 1.3989 - 1.4252 zone. A break of 1.3726 will dent this bullish view. Key point 1.4891 Entry point 1.4117 Elliott 1.3504 Closing 1.4323 Projection 1.6045 Trendline 1.4222 Trendline 1.4569 Res 2 1.5374 Ex-High 1.4777 Res 1 1.4848 Pivot 1.4252 Sup 1 1.3726 Ex-Low 1.3655 Sup 2 1.3130 1.5197 1.4906 1.3964 1.3673   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.