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

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RTFX TraderTip >> USD-CAD 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.2220 Scenario for today While below 1.2194 it is more likely to fall further towards 1.2111 or 1.2088. Premature rise above 1.2194 could see it rising above 1.2239 zone. Key point 1.2193 Entry point 1.2155 Elliott 1.1982 Closing 1.2149 Projection 1.2178 Trendline 1.2072 Trendline 1.2162 Res 2 1.2239 Ex-High 1.2178 Res 1 1.2194 Pivot 1.2133 Sup 1 1.2088 Ex-Low 1.2072 Sup 2 1.2027 1.2227 1.2185 1.2051 1.2010   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.2067 Scenario for this week Market should hold major support at 1.1943 before rising towards 1.2305 or even 1.2460 limit. Key point 1.2100 Entry point 1.2113 Elliott 1.2715 Closing 1.2149 Projection 1.1867 Trendline 1.2230 Trendline 1.2114 Res 2 1.2460 Ex-High 1.2299 Res 1 1.2305 Pivot 1.2143 Sup 1 1.1988 Ex-Low 1.1982 Sup 2 1.1826 1.2338 1.2264 1.2026 1.1952   MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.1953 Scenario for this month While above 1.2397 - 1.2174 zone a corrective dip could test 1.2619 or 1.2833 or 1.3047. After which it should resume his downtrend. Key point 1.2366 Entry point 1.2715 Elliott 1.3064 Closing 1.2602 Projection 1.1763 Trendline 1.2360 Trendline 1.2405 Res 2 1.3492 Ex-High 1.3064 Res 1 1.3047 Pivot 1.2619 Sup 1 1.2174 Ex-Low 1.2191 Sup 2 1.1746 1.3137 1.2889 1.2086 1.1838   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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