RTFX TraderTip >> GBP-CAD Analysis - Wednesday 15 December 2010

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RTFX TraderTip >> GBP-CAD Analysis - 15 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 : flat correction down 1.5800 Scenario for today Prefer a fall to 1.5858 or 1.5800. Then a correction to 1.5951 is anticipated. A clear break of 1.5729 is again bearish. Key point 1.5807 Entry point 1.5919 Elliott 1.6031 Closing 1.5872 Projection 1.5800 Trendline 1.5844 Trendline 1.5887 Res 2 1.6102 Ex-High 1.6031 Res 1 1.5987 Pivot 1.5915 Sup 1 1.5800 Ex-Low 1.5844 Sup 2 1.5729 1.6041 1.5996 1.5850 1.5805   WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.6100 Scenario for this week It should trade higher to 1.6072 while 1.5913 or 1.5855 offers support. Stop loss below 1.5798 zone. Key point 1.5889 Entry point 1.5854 Elliott 1.5624 Closing 1.5957 Projection 1.6100 Trendline 1.5753 Trendline 1.5883 Res 2 1.6187 Ex-High 1.6027 Res 1 1.6072 Pivot 1.5913 Sup 1 1.5798 Ex-Low 1.5753 Sup 2 1.5639 1.6107 1.6029 1.5777 1.5699   Warning: Low Zone 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 1.5667 Entry point 1.6031 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 1.6365 1.6213 1.5722 1.5570   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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