RTFX TraderTip >> XAG-USD Analysis - Friday 10 December 2010

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RTFX TraderTip >> XAG-USD Analysis - 10 Dec 2010 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 29.08 Scenario for today It should trade lower to 28.27. Resistances are at 29.11 and 29.47. A break of 29.94 is bullish, confirmed by a close above 29.06. Key point 28.90 Entry point 28.40 Elliott 30.71 Closing 28.75 Projection 28.07 Trendline 28.34 Trendline 28.76 Res 2 29.47 Ex-High 29.00 Res 1 29.11 Pivot 28.64 Sup 1 28.27 Ex-Low 28.17 Sup 2 27.81 29.99 29.64 28.51 28.16   Warning: Harami WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Difficult to predict next move. It should stay in a trading range between 27.37 - 30.27. A break of 31.27 is needed for a continuation of up trend. Key point 29.49 Entry point 27.98 Elliott 25.00 Closing 29.26 Projection 32.04 Trendline 27.19 Trendline 27.23 Res 2 31.27 Ex-High 29.38 Res 1 30.27 Pivot 28.38 Sup 1 27.37 Ex-Low 26.49 Sup 2 25.49 30.91 30.04 27.24 26.37   MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Strength can extend to 28.72 or 30.31 as declines are expected to find support at 26.02 or 24.90. A fall below 21.72 could turn it bearish. Key point 32.02 Entry point 27.23 Elliott 17.07 Closing 28.09 Projection 32.32 Trendline 23.79 Trendline 26.27 Res 2 32.54 Ex-High 29.35 Res 1 30.31 Pivot 27.13 Sup 1 24.90 Ex-Low 23.94 Sup 2 21.72 31.29 30.03 25.96 24.70   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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