RTFX TraderTip >> NZD-USD Analysis - Tuesday 05 May 2009

[RTFX-Trading]

RTFX TraderTip >> NZD-USD Analysis - 5 May 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 NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 0.5790 Scenario for today One move lower to 0.5723 or 0.5687 is anticipated while below 0.5766 - 0.5784 area. Stop loss above 0.5809 zone. Key point 0.5804 Entry point 0.5768 Elliott 0.5528 Closing 0.5760 Projection 0.5871 Trendline 0.5704 Trendline 0.5795 Res 2 0.5809 Ex-High 0.5772 Res 1 0.5784 Pivot 0.5748 Sup 1 0.5723 Ex-Low 0.5711 Sup 2 0.5687 0.5797 0.5764 0.5657 0.5624   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 0.5791 Scenario for this week It looks set for gains to above 0.5809. Supports at 0.5614 and 0.5669. A break of 0.5559 will damage this bullish structure. Key point 0.5894 Entry point 0.5686 Elliott 0.5487 Closing 0.5700 Projection 0.5791 Trendline 0.5528 Trendline 0.5569 Res 2 0.5919 Ex-High 0.5778 Res 1 0.5809 Pivot 0.5669 Sup 1 0.5559 Ex-Low 0.5528 Sup 2 0.5419 0.5823 0.5775 0.5619 0.5571   Warning: Low Zone MONTHLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month A corrective rise should ideally test 0.5925 or even higher than 0.6198. Supports are at 0.5454. Stop loss below 0.5214 zone. Key point 0.5993 Entry point 0.5888 Elliott 0.4895 Closing 0.5652 Projection 0.6163 Trendline 0.5487 Trendline 0.6079 Res 2 0.6198 Ex-High 0.5979 Res 1 0.5925 Pivot 0.5706 Sup 1 0.5433 Ex-Low 0.5487 Sup 2 0.5214 0.5973 0.5875 0.5557 0.5459   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.