RTFX TraderTip >> EUR-USD Analysis - Thursday 07 May 2009

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RTFX TraderTip >> EUR-USD Analysis - 7 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 : flat correction down 1.3245 Scenario for today It should test 1.3382 area after which a sell off down to 1.3262 or extended to 1.3190 area is expected. Key point 1.3358 Entry point 1.3336 Elliott 1.3438 Closing 1.3334 Projection 1.3298 Trendline 1.3374 Trendline 1.3310 Res 2 1.3446 Ex-High 1.3374 Res 1 1.3390 Pivot 1.3318 Sup 1 1.3262 Ex-Low 1.3246 Sup 2 1.3190 1.3428 1.3386 1.3252 1.3211   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 1.3512 1.3412 1.3088 1.2988   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 1.3652 1.3510 1.3049 1.2907   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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