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

[RTFX-Trading]

RTFX TraderTip >> GBP-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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.5932 Scenario for today If market stays below 1.5865 a fall to 1.5707 is expected. If market breaks the point 1.5936 it could reach the sky. Key point 1.5936 Entry point 1.5793 Elliott 1.5649 Closing 1.5850 Projection 1.5932 Trendline 1.5845 Trendline 1.5817 Res 2 1.6023 Ex-High 1.5879 Res 1 1.5936 Pivot 1.5793 Sup 1 1.5707 Ex-Low 1.5649 Sup 2 1.5563 1.6024 1.5968 1.5786 1.5730   WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.5606 Scenario for this week Currently uptrend should end around 1.6046 - 1.6142 area. A correction down to below 1.5792 is expected. A rise above 1.6299 will abort the expected correction. Key point 1.5901 Entry point 1.6004 Elliott 1.6106 Closing 1.5985 Projection 1.5606 Trendline 1.5844 Trendline 1.5859 Res 2 1.6299 Ex-High 1.6106 Res 1 1.6142 Pivot 1.5949 Sup 1 1.5792 Ex-Low 1.5757 Sup 2 1.5600 1.6164 1.6055 1.5703 1.5594   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.6164 Scenario for this month Corrective dip to 1.5368 is favored while below 1.5993. Stop Loss above 1.6271 limit. Key point 1.6002 Entry point 1.5649 Elliott 1.5297 Closing 1.5716 Projection 1.6432 Trendline 1.5922 Trendline 1.5846 Res 2 1.6271 Ex-High 1.5922 Res 1 1.5993 Pivot 1.5645 Sup 1 1.5368 Ex-Low 1.5297 Sup 2 1.5020 1.6181 1.6014 1.5473 1.5306   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.