RTFX TraderTip >> XAG-USD Analysis - Monday 20 April 2009

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RTFX TraderTip >> XAG-USD Analysis - 20 Apr 2009 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today It may meet resistance in 11.8500 - 11.9800 zone for a drift down to 11.4600 zone, after which bounce to 12.0650 is anticipated. Key point 11.6433 Entry point 11.8517 Elliott 12.9400 Closing 11.8500 Projection 11.6456 Trendline 12.3550 Trendline 11.7400 Res 2 12.4500 Ex-High 12.2800 Res 1 12.1500 Pivot 11.9800 Sup 1 11.6800 Ex-Low 11.8100 Sup 2 11.5100 12.6781 12.5635 12.1925 12.0779   Warning: End of trend - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week There is bearish potential for a fall to below 11.4600. Up correction could find resistance around 12.2000. Rise above 12.3950 could weaken this bearish view. Key point 11.3250 Entry point 12.1953 Elliott 13.9000 Closing 11.8500 Projection 10.7287 Trendline 12.4050 Trendline 12.4050 Res 2 13.3300 Ex-High 12.9400 Res 1 12.5900 Pivot 12.2000 Sup 1 11.4600 Ex-Low 11.8100 Sup 2 11.0700 12.7980 12.5362 11.6888 11.4270   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Corrective dip to 11.9733 is favored while below 12.9950 or 12.9950. Stop Loss above 13.9333 limit. Key point 12.4600 Entry point 12.9950 Elliott 14.6300 Closing 12.9700 Projection 10.8293 Trendline 13.9000 Trendline 13.1700 Res 2 14.8967 Ex-High 13.9000 Res 1 13.9333 Pivot 12.9367 Sup 1 11.9733 Ex-Low 11.9400 Sup 2 10.9767 14.0545 13.5400 11.8750 11.3605   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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