RTFX TraderTip >> EUR-USD Analysis - Friday 24 April 2009

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RTFX TraderTip >> EUR-USD Analysis - 24 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 : zigzag or flat correction 1.3198 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3222 or 1.3276 if support around 1.3095 hold. After which a pullback to 1.3095 - 1.3062 zone is possible. Key point 1.3215 Entry point 1.3116 Elliott 1.2885 Closing 1.3143 Projection 1.3198 Trendline 1.2980 Trendline 1.3075 Res 2 1.3276 Ex-High 1.3161 Res 1 1.3209 Pivot 1.3095 Sup 1 1.3028 Ex-Low 1.2980 Sup 2 1.2914 1.3129 1.3087 1.2950 1.2907   Warning: Imminent end of bullish 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 - 1.2728 area. Key point 1.2930 Entry point 1.3184 Elliott 1.3738 Closing 1.3026 Projection 1.2456 Trendline 1.3424 Trendline 1.3202 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 1.3376 1.3276 1.2952 1.2852   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 1.3314 Entry point 1.2885 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 1.3966 1.3660 1.2671 1.2365   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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