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

[RTFX-Trading]

RTFX TraderTip >> EUR-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 EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3305 Scenario for today One more dip to 1.3342 or 1.3304 is likely followed by a grind higher to 1.3417 - 1.3455. After which it can resume its downtrend. Key point 1.3379 Entry point 1.3417 Elliott 1.3455 Closing 1.3379 Projection 1.3305 Trendline 1.3383 Trendline 1.3383 Res 2 1.3530 Ex-High 1.3455 Res 1 1.3455 Pivot 1.3380 Sup 1 1.3304 Ex-Low 1.3305 Sup 2 1.3229 1.3477 1.3444 1.3339 1.3306   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It should try higher up to 1.3496 - 1.3593. Entry point 1.3400 or 1.3332. After this rise, a correction is expected. Key point 1.3323 Entry point 1.3362 Elliott 1.4348 Closing 1.3456 Projection 1.3112 Trendline 1.3635 Trendline 1.3354 Res 2 1.3729 Ex-High 1.3536 Res 1 1.3593 Pivot 1.3400 Sup 1 1.3264 Ex-Low 1.3207 Sup 2 1.3071 1.3579 1.3503 1.3256 1.3180   MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3166 Scenario for this month Market should not go lower than 1.3293 - 1.2950. After this move down it should go up to 1.3824 - 1.4012 area. Key point 1.3029 Entry point 1.3670 Elliott 1.4348 Closing 1.3325 Projection 1.3073 Trendline 1.4324 Trendline 1.4299 Res 2 1.4699 Ex-High 1.4324 Res 1 1.4012 Pivot 1.3637 Sup 1 1.2950 Ex-Low 1.3261 Sup 2 1.2575 1.4101 1.3896 1.3234 1.3029   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.