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

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RTFX TraderTip >> GBP-USD 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.5674 Scenario for today Prefer a fall to 1.5757 or 1.5706. Then a correction to 1.5842 is anticipated. A clear break of 1.5637 is again bearish. Key point 1.5724 Entry point 1.5817 Elliott 1.5910 Closing 1.5775 Projection 1.5719 Trendline 1.5745 Trendline 1.5760 Res 2 1.5979 Ex-High 1.5910 Res 1 1.5877 Pivot 1.5808 Sup 1 1.5706 Ex-Low 1.5740 Sup 2 1.5637 1.5907 1.5866 1.5730 1.5688   WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.5988 Scenario for this week Current rise should end around 1.5896. Objectives of this downmove are 1.5690 or 1.5570. A rise above 1.5982 is again bullish. Key point 1.5837 Entry point 1.5789 Elliott 1.5485 Closing 1.5810 Projection 1.5988 Trendline 1.5656 Trendline 1.5827 Res 2 1.5982 Ex-High 1.5862 Res 1 1.5896 Pivot 1.5776 Sup 1 1.5690 Ex-Low 1.5656 Sup 2 1.5570 1.5947 1.5886 1.5688 1.5627   MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.5485 Scenario for this month It looks more likely that it would rise to 1.6079 - 1.6596 from 1.5523 or 1.5265. After which a downside move is expected. Key point 1.5522 Entry point 1.5910 Elliott 1.6299 Closing 1.5562 Projection 1.5485 Trendline 1.5885 Trendline 1.5885 Res 2 1.6596 Ex-High 1.6299 Res 1 1.6079 Pivot 1.5782 Sup 1 1.5265 Ex-Low 1.5485 Sup 2 1.4968 1.6292 1.6105 1.5499 1.5312   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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