RTFX TraderTip >> EUR-GBP Analysis - Friday 30 July 2010

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RTFX TraderTip >> EUR-GBP Analysis - 30 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-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 0.8416 Scenario for today Current rise seems to be over near 0.8386 or 0.8408 for a retracement towards 0.8365 - 0.8350 area. Key point 0.8395 Entry point 0.8355 Elliott 0.8313 Closing 0.8377 Projection 0.8416 Trendline 0.8323 Trendline 0.8333 Res 2 0.8438 Ex-High 0.8396 Res 1 0.8408 Pivot 0.8365 Sup 1 0.8335 Ex-Low 0.8323 Sup 2 0.8293 0.8413 0.8394 0.8331 0.8311   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 0.8300 Scenario for this week It looks more likely that it would rise to 0.8498 - 0.8622 from 0.8346 or 0.8284. After which a downside move is expected. Key point 0.8300 Entry point 0.8416 Elliott 0.8532 Closing 0.8374 Projection 0.8245 Trendline 0.8401 Trendline 0.8401 Res 2 0.8622 Ex-High 0.8532 Res 1 0.8498 Pivot 0.8408 Sup 1 0.8284 Ex-Low 0.8318 Sup 2 0.8194 0.8523 0.8474 0.8316 0.8267   MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Structure is bearish to 0.8127 or 0.8012 limit but slowing momentum suggests a correction first to 0.8331 or 0.8650 zone. Key point 0.8267 Entry point 0.8167 Elliott 0.8068 Closing 0.8187 Projection 0.8736 Trendline 0.8472 Trendline 0.8142 Res 2 0.8650 Ex-High 0.8475 Res 1 0.8419 Pivot 0.8243 Sup 1 0.8012 Ex-Low 0.8068 Sup 2 0.7836 0.8622 0.8503 0.8118 0.7999   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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