RTFX TraderTip >> GBP-AUD Analysis - Thursday 21 October 2010

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RTFX TraderTip >> GBP-AUD 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 GBP-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.5967 Scenario for today Support at 1.6047 or 1.5988 should hold. Then a correction to above 1.6293 is anticipated. A clear break of 1.5920 is again bearish. Key point 1.5982 Entry point 1.6121 Elliott 1.6250 Closing 1.6057 Projection 1.5967 Trendline 1.6038 Trendline 1.6109 Res 2 1.6293 Ex-High 1.6224 Res 1 1.6175 Pivot 1.6106 Sup 1 1.5988 Ex-Low 1.6038 Sup 2 1.5920 1.6257 1.6202 1.6024 1.5969   Warning: Harami WEEKLY TECHNICAL ANALYSIS GBP-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.6308 Scenario for this week Market should hold major support at 1.5965 before rising towards 1.6290 or even 1.6420 limit. Key point 1.6244 Entry point 1.6084 Elliott 1.7608 Closing 1.6159 Projection 1.5338 Trendline 1.6244 Trendline 1.6070 Res 2 1.6420 Ex-High 1.6256 Res 1 1.6290 Pivot 1.6126 Sup 1 1.5995 Ex-Low 1.5961 Sup 2 1.5831 1.6342 1.6253 1.5964 1.5875   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 1.5816. After this move down it should go up to 1.6928 area. Key point 1.6049 Entry point 1.6495 Elliott 1.8145 Closing 1.6252 Projection 1.5033 Trendline 1.7065 Trendline 1.6791 Res 2 1.7604 Ex-High 1.7242 Res 1 1.6928 Pivot 1.6567 Sup 1 1.5891 Ex-Low 1.6205 Sup 2 1.5530 1.7163 1.6908 1.6083 1.5828   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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