RTFX TraderTip >> USD-CAD Analysis - Monday 02 August 2010

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RTFX TraderTip >> USD-CAD Analysis - 2 Aug 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 down 1.0205 Scenario for today Market should not go lower than 1.0228. After this move down it should go up to 1.0329 - 1.0351 area. Key point 1.0269 Entry point 1.0319 Elliott 1.0392 Closing 1.0282 Projection 1.0173 Trendline 1.0376 Trendline 1.0360 Res 2 1.0419 Ex-High 1.0376 Res 1 1.0351 Pivot 1.0308 Sup 1 1.0239 Ex-Low 1.0265 Sup 2 1.0196 1.0402 1.0372 1.0276 1.0246   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.0205 Scenario for this week It may meet resistance in 1.0282 - 1.0310 zone for a drift down to 1.0229 zone, after which bounce to 1.0364 is anticipated. Key point 1.0181 Entry point 1.0238 Elliott 1.0587 Closing 1.0282 Projection 1.0087 Trendline 1.0392 Trendline 1.0197 Res 2 1.0446 Ex-High 1.0392 Res 1 1.0364 Pivot 1.0310 Sup 1 1.0229 Ex-Low 1.0257 Sup 2 1.0175 1.0385 1.0354 1.0253 1.0222   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0161 Scenario for this month There is bearish potential for a fall to 1.0134 while 1.0406 - 1.0480 resist. After this fall a recovery up to 1.0480 or 1.0554 is expected. Key point 1.0098 Entry point 1.0426 Elliott 1.0854 Closing 1.0282 Projection 0.9930 Trendline 1.0287 Trendline 1.0375 Res 2 1.0827 Ex-High 1.0678 Res 1 1.0554 Pivot 1.0406 Sup 1 1.0134 Ex-Low 1.0257 Sup 2 0.9985 1.0631 1.0533 1.0217 1.0119   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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