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

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RTFX TraderTip >> EUR-GBP 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-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 0.8871 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8820 or 0.8842 if support around 0.8791 hold. After which a pullback to 0.8791 - 0.8775 zone is possible. Key point 0.8840 Entry point 0.8785 Elliott 0.8705 Closing 0.8810 Projection 0.8840 Trendline 0.8757 Trendline 0.8757 Res 2 0.8873 Ex-High 0.8822 Res 1 0.8842 Pivot 0.8791 Sup 1 0.8759 Ex-Low 0.8740 Sup 2 0.8709 0.8837 0.8814 0.8739 0.8716   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week There are initial signs of a good corrective recovery towards 0.8791 or even 0.8822. Supports at 0.8720 and 0.8681 zone. Key point 0.8799 Entry point 0.8772 Elliott 0.8142 Closing 0.8742 Projection 0.9077 Trendline 0.8737 Trendline 0.8821 Res 2 0.8901 Ex-High 0.8840 Res 1 0.8822 Pivot 0.8760 Sup 1 0.8681 Ex-Low 0.8699 Sup 2 0.8619 0.8872 0.8832 0.8702 0.8662   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 0.8865 Scenario for this month Current rise seems to be over near 0.8681 or 0.8840 for a retracement towards 0.8521 - 0.8439 area. Key point 0.9051 Entry point 0.8551 Elliott 0.8142 Closing 0.8675 Projection 0.9013 Trendline 0.8202 Trendline 0.8263 Res 2 0.9004 Ex-High 0.8686 Res 1 0.8840 Pivot 0.8521 Sup 1 0.8357 Ex-Low 0.8202 Sup 2 0.8038 0.8871 0.8763 0.8415 0.8307   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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