RTFX TraderTip >> NZD-USD Analysis - Thursday 21 October 2010

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RTFX TraderTip >> NZD-USD 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 NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 0.7601 Scenario for today It should be subject to more sell off towards 0.7461 or 0.7373. Corrective upward swings should face resistance around 0.7653 area. A break of 0.7657 is bullish. Key point 0.7601 Entry point 0.7514 Elliott 0.7427 Closing 0.7549 Projection 0.7601 Trendline 0.7570 Trendline 0.7552 Res 2 0.7657 Ex-High 0.7569 Res 1 0.7603 Pivot 0.7515 Sup 1 0.7461 Ex-Low 0.7427 Sup 2 0.7373 0.7629 0.7594 0.7481 0.7446   WEEKLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Resistances lie around 0.7593 and 0.7631. It should test lower towards 0.7467 zone. A clear break of 0.7541 would be bearish. Key point 0.7558 Entry point 0.7601 Elliott 0.7644 Closing 0.7543 Projection 0.7378 Trendline 0.7486 Trendline 0.7602 Res 2 0.7719 Ex-High 0.7644 Res 1 0.7631 Pivot 0.7555 Sup 1 0.7467 Ex-Low 0.7480 Sup 2 0.7392 0.7674 0.7622 0.7453 0.7401   Warning: End of trend MONTHLY TECHNICAL ANALYSIS NZD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 0.7326 Scenario for this month Currently uptrend should end around 0.7380 - 0.7513 area. A correction down to below 0.7076 is expected. A rise above 0.7684 will abort the expected correction. Key point 0.7678 Entry point 0.7273 Elliott 0.6561 Closing 0.7343 Projection 0.7798 Trendline 0.7065 Trendline 0.7115 Res 2 0.7684 Ex-High 0.7417 Res 1 0.7513 Pivot 0.7247 Sup 1 0.7076 Ex-Low 0.6980 Sup 2 0.6809 0.7646 0.7530 0.7154 0.7038   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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