RTFX TraderTip >> USD-CAD Analysis - Wednesday 28 July 2010

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RTFX TraderTip >> USD-CAD Analysis - 28 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.0424 Scenario for today It looks set for gains to 1.0412. Supports at 1.0305 and 1.0277. A break of 1.0199 will damage this bullish structure. Key point 1.0384 Entry point 1.0320 Elliott 1.0257 Closing 1.0354 Projection 1.0392 Trendline 1.0335 Trendline 1.0335 Res 2 1.0469 Ex-High 1.0392 Res 1 1.0412 Pivot 1.0334 Sup 1 1.0277 Ex-Low 1.0257 Sup 2 1.0199 1.0454 1.0422 1.0317 1.0284   Warning: End of trend - Engulfing pattern WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 1.0396 Scenario for this week While above 1.0353 - 1.0276 zone a corrective dip could test 1.0431 or 1.0515. Key point 1.0197 Entry point 1.0392 Elliott 1.0587 Closing 1.0360 Projection 1.0087 Trendline 1.0347 Trendline 1.0416 Res 2 1.0671 Ex-High 1.0587 Res 1 1.0515 Pivot 1.0431 Sup 1 1.0276 Ex-Low 1.0347 Sup 2 1.0191 1.0547 1.0489 1.0302 1.0244   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.0718 Scenario for this month It should try higher up to 1.0659 - 1.0832. Entry point 1.0485 or 1.0388. After this rise, a correction is expected. Key point 1.0375 Entry point 1.0287 Elliott 0.9930 Closing 1.0638 Projection 1.0781 Trendline 1.0214 Trendline 1.0243 Res 2 1.1027 Ex-High 1.0680 Res 1 1.0832 Pivot 1.0485 Sup 1 1.0291 Ex-Low 1.0138 Sup 2 0.9944 1.0828 1.0679 1.0198 1.0049   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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