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

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RTFX TraderTip >> EUR-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 EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.3494 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3442 or 1.3561 if support around 1.3348 hold. After which a pullback to 1.3348 - 1.3309 zone is possible. Key point 1.3494 Entry point 1.3353 Elliott 1.3212 Closing 1.3406 Projection 1.3494 Trendline 1.3296 Trendline 1.3296 Res 2 1.3561 Ex-High 1.3425 Res 1 1.3483 Pivot 1.3348 Sup 1 1.3270 Ex-Low 1.3212 Sup 2 1.3135 1.3440 1.3388 1.3219 1.3166   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.3480 Scenario for this week It should trade higher to 1.3447 while 1.3205 or 1.3115 offers support. Stop loss below 1.3025 zone. Key point 1.3460 Entry point 1.3190 Elliott 1.2885 Closing 1.3266 Projection 1.3582 Trendline 1.2964 Trendline 1.3043 Res 2 1.3627 Ex-High 1.3386 Res 1 1.3447 Pivot 1.3205 Sup 1 1.3025 Ex-Low 1.2964 Sup 2 1.2783 1.3503 1.3405 1.3088 1.2990   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There are initial signs of a good corrective recovery towards 1.3406 or even 1.3580. Supports at 1.3057 and 1.2883 zone. Key point 1.3590 Entry point 1.3345 Elliott 1.2456 Closing 1.3230 Projection 1.3738 Trendline 1.2885 Trendline 1.3314 Res 2 1.3929 Ex-High 1.3582 Res 1 1.3580 Pivot 1.3232 Sup 1 1.2883 Ex-Low 1.2885 Sup 2 1.2535 1.3645 1.3504 1.3049 1.2908   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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