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

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RTFX TraderTip >> EUR-GBP 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-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 0.8526 Scenario for today One move lower to 0.8439 or 0.8397 is anticipated while below 0.8495 - 0.8515 area. Stop loss above 0.8550 zone. Key point 0.8517 Entry point 0.8496 Elliott 0.8349 Closing 0.8480 Projection 0.8526 Trendline 0.8432 Trendline 0.8516 Res 2 0.8550 Ex-High 0.8509 Res 1 0.8515 Pivot 0.8474 Sup 1 0.8439 Ex-Low 0.8432 Sup 2 0.8397 0.8478 0.8457 0.8392 0.8372   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 0.8326 Scenario for this week It might hold above 0.8358 or 0.8362 for a rise towards above 0.8439 or 0.8466. Stop loss below 0.8312 zone. Key point 0.8500 Entry point 0.8481 Elliott 0.8596 Closing 0.8367 Projection 0.8270 Trendline 0.8480 Trendline 0.8497 Res 2 0.8566 Ex-High 0.8511 Res 1 0.8466 Pivot 0.8411 Sup 1 0.8312 Ex-Low 0.8357 Sup 2 0.8257 0.8559 0.8510 0.8353 0.8304   Warning: Imminent end of bearish move - Harami MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 0.8542 Scenario for this month There is bearish potential for a fall to 0.8183 while 0.8500 - 0.8580 resist. After this fall a recovery up to 0.8580 or 0.8660 is expected. Key point 0.8318 Entry point 0.8537 Elliott 0.8942 Closing 0.8343 Projection 0.8142 Trendline 0.8818 Trendline 0.8694 Res 2 0.8977 Ex-High 0.8818 Res 1 0.8660 Pivot 0.8500 Sup 1 0.8183 Ex-Low 0.8340 Sup 2 0.8023 0.8776 0.8672 0.8337 0.8233   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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