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

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RTFX TraderTip >> GBP-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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.4668 Scenario for today It should register further gains to 1.4899 while 1.4713 caps downside attempts. Stop loss below 1.4641 zone. Key point 1.4711 Entry point 1.4795 Elliott 1.5069 Closing 1.4784 Projection 1.4668 Trendline 1.4942 Trendline 1.4815 Res 2 1.5013 Ex-High 1.4942 Res 1 1.4899 Pivot 1.4827 Sup 1 1.4713 Ex-Low 1.4756 Sup 2 1.4641 1.5016 1.4964 1.4796 1.4744   Warning: Low Zone - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 1.4613 Scenario for this week While below 1.4819 or 1.4926 it could fall towards below 1.4570 or 1.4355. After which a corrective/consolidation activity is expected. Key point 1.4854 Entry point 1.4800 Elliott 1.3655 Closing 1.4784 Projection 1.5470 Trendline 1.4782 Trendline 1.4852 Res 2 1.5283 Ex-High 1.5069 Res 1 1.5034 Pivot 1.4819 Sup 1 1.4570 Ex-Low 1.4605 Sup 2 1.4355 1.5091 1.4984 1.4637 1.4530   MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Positive momentum should help it to test 1.4848 or 1.5374 while above 1.3989 - 1.4252 zone. A break of 1.3726 will dent this bullish view. Key point 1.4891 Entry point 1.4117 Elliott 1.3504 Closing 1.4323 Projection 1.6045 Trendline 1.4222 Trendline 1.4569 Res 2 1.5374 Ex-High 1.4777 Res 1 1.4848 Pivot 1.4252 Sup 1 1.3726 Ex-Low 1.3655 Sup 2 1.3130 1.5219 1.4923 1.3964 1.3668   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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