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

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RTFX TraderTip >> EUR-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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.2938 Scenario for today Market should not go lower than 1.2948. After this move down it should go up to 1.3022 - 1.3080 area. Key point 1.3007 Entry point 1.3082 Elliott 1.3392 Closing 1.3026 Projection 1.2902 Trendline 1.3193 Trendline 1.3125 Res 2 1.3259 Ex-High 1.3197 Res 1 1.3143 Pivot 1.3080 Sup 1 1.2964 Ex-Low 1.3018 Sup 2 1.2901 1.3288 1.3243 1.3099 1.3055   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Market should meet resistance at 1.3145. We expect then an extended move down to 1.2977 - 1.2668 area. Key point 1.2847 Entry point 1.3159 Elliott 1.3738 Closing 1.3026 Projection 1.2456 Trendline 1.3424 Trendline 1.3330 Res 2 1.3519 Ex-High 1.3392 Res 1 1.3273 Pivot 1.3145 Sup 1 1.2899 Ex-Low 1.3018 Sup 2 1.2771 1.3343 1.3256 1.2975 1.2888   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.3644 Scenario for this month Strength can extend to 1.3494 or even higher than 1.3840 as declines are expected to find support at 1.2853 or 1.2558. Stop Loss below 1.1866 zone. Key point 1.3580 Entry point 1.3018 Elliott 1.2456 Closing 1.3250 Projection 1.3738 Trendline 1.2950 Trendline 1.2950 Res 2 1.4430 Ex-High 1.3738 Res 1 1.3840 Pivot 1.3148 Sup 1 1.2558 Ex-Low 1.2456 Sup 2 1.1866 1.3945 1.3660 1.2737 1.2452   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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