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

[RTFX-Trading]

RTFX TraderTip >> GBP-USD 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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 1.5092 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5062 or 1.5145 if support around 1.4959 hold. After which a pullback to 1.4959 - 1.4927 zone is possible. Key point 1.5107 Entry point 1.4969 Elliott 1.4515 Closing 1.5018 Projection 1.5092 Trendline 1.4851 Trendline 1.4918 Res 2 1.5145 Ex-High 1.5022 Res 1 1.5081 Pivot 1.4959 Sup 1 1.4895 Ex-Low 1.4836 Sup 2 1.4773 1.5012 1.4956 1.4775 1.4719   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.5069 Scenario for this week It should trade higher to 1.5068 while 1.4791 or 1.4713 offers support. Stop loss below 1.4636 zone. Key point 1.5157 Entry point 1.4815 Elliott 1.4397 Closing 1.4912 Projection 1.5069 Trendline 1.4515 Trendline 1.4633 Res 2 1.5223 Ex-High 1.4947 Res 1 1.5068 Pivot 1.4791 Sup 1 1.4636 Ex-Low 1.4515 Sup 2 1.4359 1.5079 1.4984 1.4676 1.4581   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month While below 1.5149 it is more likely to fall further towards 1.4532 or 1.4353. Premature rise above 1.5149 could see it rising above 1.5507 zone. Key point 1.5303 Entry point 1.4766 Elliott 1.3504 Closing 1.4791 Projection 1.6045 Trendline 1.4117 Trendline 1.4891 Res 2 1.5507 Ex-High 1.5069 Res 1 1.5149 Pivot 1.4711 Sup 1 1.4353 Ex-Low 1.4273 Sup 2 1.3915 1.5209 1.5045 1.4514 1.4350   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.