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

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RTFX TraderTip >> EUR-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 EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3378 Scenario for today There are initial signs of a good corrective recovery towards 1.3519 or even 1.3544. Supports at 1.3453 and 1.3412 zone. Key point 1.3409 Entry point 1.3493 Elliott 1.3578 Closing 1.3460 Projection 1.3413 Trendline 1.3446 Trendline 1.3580 Res 2 1.3627 Ex-High 1.3578 Res 1 1.3544 Pivot 1.3495 Sup 1 1.3412 Ex-Low 1.3446 Sup 2 1.3363 1.3530 1.3491 1.3361 1.3321   WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.3643 Scenario for this week Market should pop up towards 1.3411 or 1.3446 this bullish scenario would be damaged if 1.3245 - 1.3219 zone is broken, a severe break down could then occur. Key point 1.3364 Entry point 1.3359 Elliott 1.3207 Closing 1.3353 Projection 1.3643 Trendline 1.3362 Trendline 1.3298 Res 2 1.3540 Ex-High 1.3469 Res 1 1.3446 Pivot 1.3375 Sup 1 1.3282 Ex-Low 1.3305 Sup 2 1.3211 1.3591 1.3524 1.3308 1.3241   Warning: Imminent end of bearish move - Harami 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 1.3193 Entry point 1.3752 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 1.4173 1.3951 1.3234 1.3012   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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