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

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RTFX TraderTip >> GBP-CAD 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-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.6287 Scenario for today While above 1.6166 - 1.6135 zone a corrective dip could test 1.6198 or 1.6247. Key point 1.6182 Entry point 1.6177 Elliott 1.6102 Closing 1.6183 Projection 1.6217 Trendline 1.6149 Trendline 1.6197 Res 2 1.6311 Ex-High 1.6262 Res 1 1.6247 Pivot 1.6198 Sup 1 1.6135 Ex-Low 1.6149 Sup 2 1.6086 1.6285 1.6245 1.6114 1.6074   Warning: Harami WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.6335 Scenario for this week Market should hold major support at 1.5921 before rising towards 1.6315 or even 1.6456 limit. Key point 1.6363 Entry point 1.6102 Elliott 1.5841 Closing 1.6175 Projection 1.6420 Trendline 1.6143 Trendline 1.6118 Res 2 1.6456 Ex-High 1.6219 Res 1 1.6315 Pivot 1.6078 Sup 1 1.5938 Ex-Low 1.5841 Sup 2 1.5701 1.6340 1.6253 1.5972 1.5885   MONTHLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It may attempt a test higher to 1.6298 - 1.6466 after which weakness may set it to a drift down to 1.5842 limit. Key point 1.6176 Entry point 1.6301 Elliott 1.6474 Closing 1.6177 Projection 1.5461 Trendline 1.6420 Trendline 1.6365 Res 2 1.6755 Ex-High 1.6420 Res 1 1.6466 Pivot 1.6131 Sup 1 1.5842 Ex-Low 1.5796 Sup 2 1.5507 1.6526 1.6359 1.5819 1.5652   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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