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

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RTFX TraderTip >> USD-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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.0125 Scenario for today Market should pop up towards 1.0086 or 1.0105 this bullish scenario would be damaged if 1.0049 - 1.0045 zone is broken, a severe break down could then occur. Key point 1.0053 Entry point 1.0038 Elliott 1.0028 Closing 1.0062 Projection 1.0098 Trendline 1.0029 Trendline 1.0029 Res 2 1.0149 Ex-High 1.0111 Res 1 1.0105 Pivot 1.0067 Sup 1 1.0023 Ex-Low 1.0029 Sup 2 0.9985 1.0127 1.0109 1.0050 1.0032   Warning: Low Zone WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0003 Scenario for this week It may attempt a test higher to 1.0117 - 1.0153 after which weakness may set it to a drift down to below 1.0024 limit. Key point 1.0023 Entry point 1.0046 Elliott 1.0287 Closing 1.0094 Projection 1.0003 Trendline 1.0141 Trendline 0.9996 Res 2 1.0211 Ex-High 1.0141 Res 1 1.0153 Pivot 1.0082 Sup 1 1.0024 Ex-Low 1.0012 Sup 2 0.9953 1.0159 1.0126 1.0020 0.9987   Warning: Harami MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.9998 Scenario for this month It should test 1.0529 area after which a sell off down to 1.0066 or extended to 0.9867 area is expected. Key point 1.0144 Entry point 1.0197 Elliott 1.0854 Closing 1.0264 Projection 0.9930 Trendline 1.0243 Trendline 1.0200 Res 2 1.0485 Ex-High 1.0287 Res 1 1.0375 Pivot 1.0176 Sup 1 1.0066 Ex-Low 0.9978 Sup 2 0.9867 1.0368 1.0279 0.9990 0.9901   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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