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

[RTFX-Trading]

RTFX TraderTip >> EUR-USD 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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.3097 Scenario for today It is a triangle configuration. Market should break either side. Acceleration should occur above 1.3062 or under 1.3005 limits. Key point 1.3040 Entry point 1.3024 Elliott 1.2732 Closing 1.3030 Projection 1.3210 Trendline 1.3015 Trendline 1.3021 Res 2 1.3148 Ex-High 1.3094 Res 1 1.3089 Pivot 1.3035 Sup 1 1.2976 Ex-Low 1.2981 Sup 2 1.2922 1.3098 1.3069 1.2976 1.2947   Warning: Harami WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Currently uptrend should end around 1.3099 - 1.3132 area. A correction down to below 1.2903 is expected. A rise above 1.3234 will abort the expected correction. Key point 1.3137 Entry point 1.3056 Elliott 1.1876 Closing 1.3030 Projection 1.3692 Trendline 1.2937 Trendline 1.3059 Res 2 1.3234 Ex-High 1.3106 Res 1 1.3132 Pivot 1.3005 Sup 1 1.2903 Ex-Low 1.2877 Sup 2 1.2775 1.3150 1.3097 1.2925 1.2872   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current rise seems to be over near 1.3068 or 1.3360 for a retracement towards 1.2777 - 1.2612 area. Key point 1.3411 Entry point 1.2808 Elliott 1.1876 Closing 1.3030 Projection 1.3896 Trendline 1.2193 Trendline 1.2510 Res 2 1.3690 Ex-High 1.3106 Res 1 1.3360 Pivot 1.2777 Sup 1 1.2447 Ex-Low 1.2193 Sup 2 1.1864 1.3395 1.3183 1.2498 1.2286   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.