RTFX TraderTip >> EUR-USD Analysis - Friday 08 May 2009

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RTFX TraderTip >> EUR-USD Analysis - 8 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 : irregular flat correction up 1.3511 Scenario for today Currently uptrend should end around 1.3430 - 1.3489 area. A correction down to 1.3321 - 1.3272 is expected. A rise above 1.3588 will abort the expected correction. Key point 1.3422 Entry point 1.3319 Elliott 1.3246 Closing 1.3391 Projection 1.3557 Trendline 1.3252 Trendline 1.3258 Res 2 1.3588 Ex-High 1.3469 Res 1 1.3489 Pivot 1.3371 Sup 1 1.3272 Ex-Low 1.3252 Sup 2 1.3154 1.3481 1.3430 1.3266 1.3215   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.3531 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 1.3532 1.3427 1.3088 1.2983   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 1.3673 1.3526 1.3049 1.2902   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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