RTFX TraderTip >> EUR-CHF Analysis - Wednesday 28 July 2010

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RTFX TraderTip >> EUR-CHF 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 EUR-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.3883 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3858 or 1.3846 if support around 1.3734 hold. After which a pullback to 1.3734 - 1.3703 zone is possible. Key point 1.3859 Entry point 1.3765 Elliott 1.3343 Closing 1.3784 Projection 1.3883 Trendline 1.3664 Trendline 1.3723 Res 2 1.3909 Ex-High 1.3796 Res 1 1.3846 Pivot 1.3734 Sup 1 1.3671 Ex-Low 1.3621 Sup 2 1.3559 1.3706 1.3665 1.3534 1.3493   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.3799 Scenario for this week It should try higher up to 1.3642 - 1.3741. Entry point 1.3542 or 1.3475. After this rise, a correction is expected. Key point 1.3751 Entry point 1.3537 Elliott 1.3074 Closing 1.3606 Projection 1.4040 Trendline 1.3407 Trendline 1.3432 Res 2 1.3876 Ex-High 1.3677 Res 1 1.3741 Pivot 1.3542 Sup 1 1.3407 Ex-Low 1.3343 Sup 2 1.3208 1.3826 1.3736 1.3445 1.3355   MONTHLY TECHNICAL ANALYSIS EUR-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.3016 Scenario for this month Market should not go lower than 1.2761. After this move down it should go up to 1.3884 area. Key point 1.3400 Entry point 1.3722 Elliott 1.4588 Closing 1.3184 Projection 1.2708 Trendline 1.4225 Trendline 1.3863 Res 2 1.4584 Ex-High 1.4225 Res 1 1.3884 Pivot 1.3526 Sup 1 1.2826 Ex-Low 1.3167 Sup 2 1.2467 1.4286 1.4011 1.3120 1.2845   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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