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

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RTFX TraderTip >> USD-CHF 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-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.1784 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1777 or 1.1838 if support around 1.1607 hold. After which a pullback to 1.1607 - 1.1566 zone is possible. Key point 1.1773 Entry point 1.1583 Elliott 1.1304 Closing 1.1673 Projection 1.1822 Trendline 1.1460 Trendline 1.1517 Res 2 1.1838 Ex-High 1.1689 Res 1 1.1755 Pivot 1.1607 Sup 1 1.1524 Ex-Low 1.1458 Sup 2 1.1376 1.1619 1.1575 1.1432 1.1388   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.1562 Scenario for this week It should trade higher to 1.1807 while 1.1555 or 1.1488 offers support. Stop loss below 1.1422 zone. Key point 1.1850 Entry point 1.1496 Elliott 1.1160 Closing 1.1673 Projection 1.1965 Trendline 1.1301 Trendline 1.1367 Res 2 1.1940 Ex-High 1.1689 Res 1 1.1807 Pivot 1.1555 Sup 1 1.1422 Ex-Low 1.1304 Sup 2 1.1170 1.1818 1.1729 1.1440 1.1351   MONTHLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.1219 Scenario for this month No comment! Key point 1.1413 Entry point 1.1689 Elliott 1.1965 Closing 1.1395 Projection 1.1160 Trendline 1.1602 Trendline 1.1602 Res 2 1.2312 Ex-High 1.1965 Res 1 1.1853 Pivot 1.1507 Sup 1 1.1048 Ex-Low 1.1160 Sup 2 1.0702 1.2020 1.1827 1.1201 1.1008   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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