RTFX TraderTip >> XAG-USD Analysis - Thursday 21 October 2010

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RTFX TraderTip >> XAG-USD Analysis - 21 Oct 2010 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today It should test 24.58 area after which a sell off down to 23.51 or extended to 23.06 area is expected. Key point 24.26 Entry point 23.67 Elliott 23.28 Closing 23.95 Projection 24.29 Trendline 24.06 Trendline 23.70 Res 2 24.41 Ex-High 23.97 Res 1 24.18 Pivot 23.74 Sup 1 23.51 Ex-Low 23.30 Sup 2 23.06 24.62 24.38 23.63 23.39   Warning: Harami WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week While below 24.59 - 25.14 it is more likely to fall further towards 23.60 or 23.16. Premature rise above 25.14 could see it rising above 26.02 zone. Key point 24.02 Entry point 23.78 Elliott 17.76 Closing 24.27 Projection 24.14 Trendline 23.03 Trendline 24.05 Res 2 26.02 Ex-High 24.92 Res 1 25.14 Pivot 24.04 Sup 1 23.16 Ex-Low 22.93 Sup 2 22.06 25.20 24.71 23.11 22.62   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 23.74 or 22.79 if support around 21.04 hold. After which a pullback to 21.04 - 20.52 zone is possible. Key point 24.14 Entry point 21.19 Elliott 17.07 Closing 21.75 Projection 25.58 Trendline 18.89 Trendline 20.82 Res 2 23.83 Ex-High 22.08 Res 1 22.79 Pivot 21.04 Sup 1 20.00 Ex-Low 19.29 Sup 2 18.25 24.43 23.50 20.50 19.57   Warning: End of trend - Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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