RTFX TraderTip >> GBP-CAD Analysis - Friday 10 December 2010

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RTFX TraderTip >> GBP-CAD 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 GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.6038 Scenario for today Difficult to predict the next move. If first down it should hold 1.5900 or 1.5865. If first up it should face resistance in 1.5971 - 1.6006 zone to 1.5865 zone. Key point 1.5939 Entry point 1.5901 Elliott 1.5863 Closing 1.5937 Projection 1.6005 Trendline 1.5933 Trendline 1.5933 Res 2 1.6076 Ex-High 1.6005 Res 1 1.6006 Pivot 1.5935 Sup 1 1.5865 Ex-Low 1.5863 Sup 2 1.5794 1.5990 1.5954 1.5836 1.5800   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 1.5688 Scenario for this week Market should hold major support at 1.5464 before rising towards 1.6020 or even 1.6215 limit. Key point 1.5860 Entry point 1.5883 Elliott 1.6394 Closing 1.5825 Projection 1.5543 Trendline 1.6036 Trendline 1.5739 Res 2 1.6215 Ex-High 1.6017 Res 1 1.6020 Pivot 1.5822 Sup 1 1.5627 Ex-Low 1.5624 Sup 2 1.5429 1.6111 1.6011 1.5688 1.5588   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.5567 Scenario for this month Market should not go lower than 1.5897 - 1.5731. After this move down it should go up to 1.6184 - 1.6305 area. Key point 1.5615 Entry point 1.6005 Elliott 1.6394 Closing 1.5973 Projection 1.5426 Trendline 1.6104 Trendline 1.6104 Res 2 1.6637 Ex-High 1.6394 Res 1 1.6305 Pivot 1.6063 Sup 1 1.5731 Ex-Low 1.5820 Sup 2 1.5488 1.6348 1.6200 1.5722 1.5574   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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