RTFX TraderTip >> EUR-GBP Analysis - Tuesday 05 May 2009

[RTFX-Trading]

RTFX TraderTip >> EUR-GBP Analysis - 5 May 2009 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 : flat correction down 0.8882 Scenario for today It should be subject to more sell off towards 0.8893 or 0.8860. Corrective upward swings should face resistance around 0.8947 area. A break of 0.8965 is bullish. Key point 0.8937 Entry point 0.8924 Elliott 0.9019 Closing 0.8926 Projection 0.8882 Trendline 0.8947 Trendline 0.8920 Res 2 0.8978 Ex-High 0.8945 Res 1 0.8952 Pivot 0.8919 Sup 1 0.8893 Ex-Low 0.8886 Sup 2 0.8860 0.8998 0.8978 0.8912 0.8891   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It looks more likely that it would rise to above 0.8975 or 0.9007 from 0.8889 or 0.8834. After which a downside move to below 0.8771 is expected. Key point 0.8931 Entry point 0.8917 Elliott 0.8786 Closing 0.8896 Projection 0.9059 Trendline 0.8866 Trendline 0.8968 Res 2 0.9117 Ex-High 0.9055 Res 1 0.9007 Pivot 0.8944 Sup 1 0.8834 Ex-Low 0.8882 Sup 2 0.8771 0.9036 0.9000 0.8884 0.8848   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.8853 Scenario for this month Prefer a fall to below 0.8734. Then a correction to above 0.9468 is anticipated. A clear break of 0.8524 is again bearish. Key point 0.8712 Entry point 0.8932 Elliott 0.9500 Closing 0.8944 Projection 0.8638 Trendline 0.9258 Trendline 0.9016 Res 2 0.9468 Ex-High 0.9258 Res 1 0.9206 Pivot 0.8996 Sup 1 0.8734 Ex-Low 0.8786 Sup 2 0.8524 0.9209 0.9121 0.8836 0.8748   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 27 78 01 35 | Fax: +356 21 41 24 58

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.