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

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RTFX TraderTip >> EUR-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 EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.4351 Scenario for today Strength can extend to 1.4296 or 1.4337 as declines are expected to find support at 1.4215 or 1.4176. A fall below 1.4093 could turn it bearish. Key point 1.4267 Entry point 1.4236 Elliott 1.3948 Closing 1.4259 Projection 1.4419 Trendline 1.4206 Trendline 1.4216 Res 2 1.4416 Ex-High 1.4332 Res 1 1.4337 Pivot 1.4254 Sup 1 1.4176 Ex-Low 1.4171 Sup 2 1.4093 1.4311 1.4273 1.4149 1.4111   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.4385 Scenario for this week It should trade higher to 1.4248 while 1.4043 or 1.3988 offers support. Stop loss below 1.3838 zone. Key point 1.4277 Entry point 1.4113 Elliott 1.3948 Closing 1.4138 Projection 1.4419 Trendline 1.4208 Trendline 1.4177 Res 2 1.4359 Ex-High 1.4208 Res 1 1.4248 Pivot 1.4098 Sup 1 1.3988 Ex-Low 1.3948 Sup 2 1.3838 1.4344 1.4270 1.4031 1.3957   MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat support in correction up 1.3930 Scenario for this month It should try higher up to 1.4068 - 1.4400. Entry point 1.3736 or 1.3554. After this rise, a correction is expected. Key point 1.4824 Entry point 1.3948 Elliott 1.3073 Closing 1.4036 Projection 1.4459 Trendline 1.3505 Trendline 1.3505 Res 2 1.4764 Ex-High 1.4100 Res 1 1.4400 Pivot 1.3736 Sup 1 1.3372 Ex-Low 1.3073 Sup 2 1.2708 1.4434 1.4216 1.3510 1.3292   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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