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

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RTFX TraderTip >> NZD-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 NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 0.5691 Scenario for today Market should not go lower than 0.5598. After this move down it should go up to 0.5654 - 0.5687 area. Key point 0.5632 Entry point 0.5675 Elliott 0.5933 Closing 0.5657 Projection 0.5541 Trendline 0.5752 Trendline 0.5695 Res 2 0.5788 Ex-High 0.5753 Res 1 0.5723 Pivot 0.5687 Sup 1 0.5622 Ex-Low 0.5652 Sup 2 0.5586 0.5836 0.5805 0.5705 0.5674   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.5562 Scenario for this week There is bearish potential for a fall to 0.5562 while 0.5747 - 0.5795 resist. After this fall a recovery up to 0.5795 or 0.5843 is expected. Key point 0.5601 Entry point 0.5756 Elliott 0.5979 Closing 0.5657 Projection 0.5529 Trendline 0.5933 Trendline 0.5887 Res 2 0.6028 Ex-High 0.5933 Res 1 0.5843 Pivot 0.5747 Sup 1 0.5562 Ex-Low 0.5652 Sup 2 0.5466 0.5895 0.5830 0.5619 0.5554   MONTHLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current rise seems to be over near 0.5698 or 0.5966 for a retracement towards 0.5430 - 0.5245 area. Key point 0.6163 Entry point 0.5529 Elliott 0.4895 Closing 0.5594 Projection 0.6163 Trendline 0.5276 Trendline 0.5276 Res 2 0.6337 Ex-High 0.5802 Res 1 0.5966 Pivot 0.5430 Sup 1 0.5059 Ex-Low 0.4895 Sup 2 0.4523 0.6100 0.5890 0.5212 0.5002   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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