RTFX TraderTip >> EUR-USD Analysis - Monday 11 May 2009

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RTFX TraderTip >> EUR-USD Analysis - 11 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 : extended impulse wave up 1.3738 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3699 or 1.3725 if support around 1.3533 hold. After which a pullback to 1.3533 - 1.3484 zone is possible. Key point 1.3765 Entry point 1.3515 Elliott 1.3246 Closing 1.3626 Projection 1.3839 Trendline 1.3323 Trendline 1.3432 Res 2 1.3823 Ex-High 1.3632 Res 1 1.3725 Pivot 1.3533 Sup 1 1.3435 Ex-Low 1.3342 Sup 2 1.3243 1.3580 1.3522 1.3335 1.3277   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.3746 Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3714 or 1.3768 if support around 1.3490 hold. After which a pullback to 1.3490 - 1.3419 zone is possible. Key point 1.3830 Entry point 1.3527 Elliott 1.2885 Closing 1.3626 Projection 1.4013 Trendline 1.3190 Trendline 1.3460 Res 2 1.3910 Ex-High 1.3632 Res 1 1.3768 Pivot 1.3490 Sup 1 1.3348 Ex-Low 1.3212 Sup 2 1.3070 1.3778 1.3681 1.3367 1.3270   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.3644 Scenario for this month There are initial signs of a good corrective recovery to at least 1.3406 or even above 1.3580. Supports at 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 1.3779 1.3607 1.3049 1.2877   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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