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

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RTFX TraderTip >> GBP-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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.5859 Scenario for today Market should pop up towards 1.5805 or 1.5836 this bullish scenario would be damaged if 1.5768 - 1.5754 zone is broken, a severe break down could then occur. Key point 1.5770 Entry point 1.5752 Elliott 1.5668 Closing 1.5769 Projection 1.5823 Trendline 1.5712 Trendline 1.5755 Res 2 1.5903 Ex-High 1.5841 Res 1 1.5836 Pivot 1.5774 Sup 1 1.5707 Ex-Low 1.5712 Sup 2 1.5644 1.5852 1.5815 1.5695 1.5658   WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.5892 Scenario for this week It should test 1.6048 area after which a sell off down to 1.5575 or extended to 1.5378 area is expected. Key point 1.5827 Entry point 1.5656 Elliott 1.5485 Closing 1.5771 Projection 1.5988 Trendline 1.5846 Trendline 1.5491 Res 2 1.5985 Ex-High 1.5788 Res 1 1.5878 Pivot 1.5681 Sup 1 1.5575 Ex-Low 1.5485 Sup 2 1.5378 1.5891 1.5815 1.5570 1.5494   MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.5485 Scenario for this month It looks more likely that it would rise to 1.6079 - 1.6596 from 1.5523 or 1.5265. After which a downside move is expected. Key point 1.5383 Entry point 1.5841 Elliott 1.6299 Closing 1.5562 Projection 1.5485 Trendline 1.5885 Trendline 1.5885 Res 2 1.6596 Ex-High 1.6299 Res 1 1.6079 Pivot 1.5782 Sup 1 1.5265 Ex-Low 1.5485 Sup 2 1.4968 1.6246 1.6070 1.5499 1.5323   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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