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

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RTFX TraderTip >> USD-CHF 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-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.9537 Scenario for today There is bearish potential for a fall to 0.9554 while 0.9636 - 0.9668 resist. After this fall a recovery up to 0.9668 or 0.9700 is expected. Key point 0.9603 Entry point 0.9652 Elliott 0.9757 Closing 0.9618 Projection 0.9576 Trendline 0.9719 Trendline 0.9681 Res 2 0.9783 Ex-High 0.9719 Res 1 0.9700 Pivot 0.9636 Sup 1 0.9554 Ex-Low 0.9572 Sup 2 0.9490 0.9715 0.9676 0.9552 0.9513   WEEKLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It is likely to fall towards 0.9456 - 0.9328 unless a corrective rally breaks the 0.9656 resistance. Stop above 0.9721 zone. Key point 0.9621 Entry point 0.9542 Elliott 0.9464 Closing 0.9584 Projection 0.9909 Trendline 0.9663 Trendline 0.9619 Res 2 0.9857 Ex-High 0.9729 Res 1 0.9721 Pivot 0.9592 Sup 1 0.9456 Ex-Low 0.9464 Sup 2 0.9328 0.9817 0.9743 0.9503 0.9429   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 0.9550. After this move down it should go up to 1.0166 area. Key point 0.9529 Entry point 0.9643 Elliott 1.1732 Closing 0.9825 Projection 0.8833 Trendline 1.0027 Trendline 1.0022 Res 2 1.0507 Ex-High 1.0278 Res 1 1.0166 Pivot 0.9937 Sup 1 0.9597 Ex-Low 0.9708 Sup 2 0.9368 1.0208 1.0061 0.9586 0.9439   Warning: End of trend - Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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