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

[RTFX-Trading]

RTFX TraderTip >> EUR-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 EUR-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.4220 Scenario for today It looks more likely that it would rise to 1.4188 - 1.4229 from 1.4127 or 1.4107. After which a downside move is expected. Key point 1.4163 Entry point 1.4149 Elliott 1.4054 Closing 1.4147 Projection 1.4220 Trendline 1.4108 Trendline 1.4162 Res 2 1.4229 Ex-High 1.4189 Res 1 1.4188 Pivot 1.4148 Sup 1 1.4107 Ex-Low 1.4108 Sup 2 1.4067 1.4206 1.4180 1.4095 1.4069   Warning: Harami WEEKLY TECHNICAL ANALYSIS EUR-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.4249 Scenario for this week It should register further gains to 1.4199 while 1.4051 - 1.3975 caps downside attempts. Stop loss below 1.3903 zone. Key point 1.4061 Entry point 1.4054 Elliott 1.4048 Closing 1.4127 Projection 1.4249 Trendline 1.4196 Trendline 1.4019 Res 2 1.4272 Ex-High 1.4196 Res 1 1.4199 Pivot 1.4123 Sup 1 1.4051 Ex-Low 1.4048 Sup 2 1.3975 1.4257 1.4208 1.4051 1.4002   MONTHLY TECHNICAL ANALYSIS EUR-AUD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should hold major support at 1.3514 before rising towards 1.4345 or even 1.4590 limit. Key point 1.4434 Entry point 1.4048 Elliott 1.3661 Closing 1.4100 Projection 1.4498 Trendline 1.4086 Trendline 1.3864 Res 2 1.4590 Ex-High 1.4248 Res 1 1.4345 Pivot 1.4003 Sup 1 1.3758 Ex-Low 1.3661 Sup 2 1.3416 1.4451 1.4310 1.3854 1.3713   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 23 310 000 | Fax: +356 21 412 458

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.