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

[RTFX-Trading]

RTFX TraderTip >> USD-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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0130 Scenario for today It looks more likely that it would rise to 1.0304 - 1.0398 from 1.0209 or 1.0162. After which a downside move is expected. Key point 1.0182 Entry point 1.0260 Elliott 1.0373 Closing 1.0210 Projection 1.0130 Trendline 1.0237 Trendline 1.0273 Res 2 1.0398 Ex-High 1.0350 Res 1 1.0304 Pivot 1.0256 Sup 1 1.0162 Ex-Low 1.0208 Sup 2 1.0114 1.0308 1.0267 1.0135 1.0095   Warning: Harami WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.0380 Scenario for this week Market should hold major support at 0.9993 before rising towards 1.0207 or even 1.0297 limit. Key point 1.0256 Entry point 1.0118 Elliott 0.9980 Closing 1.0118 Projection 1.0380 Trendline 1.0154 Trendline 1.0094 Res 2 1.0297 Ex-High 1.0184 Res 1 1.0207 Pivot 1.0094 Sup 1 1.0004 Ex-Low 0.9980 Sup 2 0.9890 1.0349 1.0278 1.0049 0.9978   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.9930 Scenario for this month There is bearish potential for a fall to 1.0104 while 1.0381 - 1.0475 resist. After this fall a recovery up to 1.0475 or 1.0569 is expected. Key point 1.0089 Entry point 1.0447 Elliott 1.0854 Closing 1.0293 Projection 0.9930 Trendline 1.0618 Trendline 1.0649 Res 2 1.0846 Ex-High 1.0657 Res 1 1.0569 Pivot 1.0381 Sup 1 1.0104 Ex-Low 1.0192 Sup 2 0.9916 1.0648 1.0515 1.0086 0.9953   Warning: Harami 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.