RTFX TraderTip >> USD-CAD Analysis - Friday 17 April 2009

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RTFX TraderTip >> USD-CAD Analysis - 17 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 It should be subject to more sell off towards 1.1988 or 1.1902. Corrective upward swings should face resistance around 1.2090 area. A break of 1.2192 is bullish. Key point 1.2072 Entry point 1.2089 Elliott 1.2299 Closing 1.2073 Projection 1.2027 Trendline 1.2122 Trendline 1.2100 Res 2 1.2232 Ex-High 1.2147 Res 1 1.2153 Pivot 1.2067 Sup 1 1.1988 Ex-Low 1.1982 Sup 2 1.1902 1.2242 1.2197 1.2052 1.2007   WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.1929 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 1.2483 1.2392 1.2097 1.2006   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.1953 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 1.3137 1.2889 1.2086 1.1838   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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