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

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RTFX TraderTip >> EUR-CHF 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-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.2751 Scenario for today Market should not go lower than 1.2834 - 1.2778. After this move down it should go up to 1.2920 - 1.2950 area. Key point 1.2756 Entry point 1.2911 Elliott 1.3122 Closing 1.2837 Projection 1.2751 Trendline 1.2981 Trendline 1.2977 Res 2 1.3062 Ex-High 1.3003 Res 1 1.2950 Pivot 1.2891 Sup 1 1.2778 Ex-Low 1.2832 Sup 2 1.2719 1.3038 1.3005 1.2896 1.2862   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an elongated correction 1.3010 Scenario for this week It should see a sell off to below 1.2910 while 1.3044 area curtails its upside. A break beyond 1.3073 will abort the downside. Key point 1.2847 Entry point 1.2912 Elliott 1.3674 Closing 1.2967 Projection 1.2684 Trendline 1.3074 Trendline 1.2918 Res 2 1.3179 Ex-High 1.3122 Res 1 1.3073 Pivot 1.3016 Sup 1 1.2910 Ex-Low 1.2959 Sup 2 1.2853 1.3116 1.3064 1.2896 1.2844   Warning: Imminent end of bearish move - Harami MONTHLY TECHNICAL ANALYSIS EUR-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There is bearish potential for a fall to 1.2697 while 1.3266 - 1.3432 resist. After this fall a recovery up to 1.3432 or 1.3598 is expected. Key point 1.2577 Entry point 1.3206 Elliott 1.3835 Closing 1.3029 Projection 1.2767 Trendline 1.3443 Trendline 1.3443 Res 2 1.4167 Ex-High 1.3835 Res 1 1.3598 Pivot 1.3266 Sup 1 1.2697 Ex-Low 1.2933 Sup 2 1.2365 1.3717 1.3520 1.2883 1.2686   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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