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

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RTFX TraderTip >> USD-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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.0145 Scenario for today Market should hold major support at 1.0072 before rising towards 1.0133 or even 1.0160 limit. Key point 1.0117 Entry point 1.0094 Elliott 1.0003 Closing 1.0106 Projection 1.0178 Trendline 1.0081 Trendline 1.0094 Res 2 1.0160 Ex-High 1.0127 Res 1 1.0133 Pivot 1.0100 Sup 1 1.0073 Ex-Low 1.0067 Sup 2 1.0040 1.0141 1.0120 1.0051 1.0030   Warning: Harami WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0003 Scenario for this week There is bearish potential for a fall to 0.9928 while 1.0108 - 1.0160 resist. After this fall a recovery up to 1.0160 or 1.0212 is expected. Key point 0.9996 Entry point 1.0141 Elliott 1.0287 Closing 1.0033 Projection 1.0003 Trendline 1.0158 Trendline 1.0158 Res 2 1.0391 Ex-High 1.0287 Res 1 1.0212 Pivot 1.0108 Sup 1 0.9928 Ex-Low 1.0003 Sup 2 0.9824 1.0278 1.0214 1.0008 0.9944   Warning: End of trend - Engulfing pattern MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.9998 Scenario for this month It should test 1.0529 area after which a sell off down to 1.0066 or extended to 0.9867 area is expected. Key point 1.0144 Entry point 1.0197 Elliott 1.0854 Closing 1.0264 Projection 0.9930 Trendline 1.0243 Trendline 1.0200 Res 2 1.0485 Ex-High 1.0287 Res 1 1.0375 Pivot 1.0176 Sup 1 1.0066 Ex-Low 0.9978 Sup 2 0.9867 1.0368 1.0279 0.9990 0.9901   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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