RTFX TraderTip >> EUR-USD Analysis - Thursday 14 May 2009

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RTFX TraderTip >> EUR-USD Analysis - 14 May 2009 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.3540 Scenario for today While below 1.3600 - 1.3629 it could fall towards below 1.3473. Rise above 1.3661 could activate some bullish pattern. Key point 1.3556 Entry point 1.3639 Elliott 1.3722 Closing 1.3600 Projection 1.3540 Trendline 1.3628 Trendline 1.3645 Res 2 1.3785 Ex-High 1.3722 Res 1 1.3693 Pivot 1.3629 Sup 1 1.3537 Ex-Low 1.3566 Sup 2 1.3473 1.3721 1.3673 1.3518 1.3470   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.3746 Scenario for this week Difficult to predict next move. It should stay in a trading range between 1.3348 - 1.3768. A break of 1.3910 is needed for a continuation of up trend. Key point 1.3902 Entry point 1.3551 Elliott 1.2885 Closing 1.3626 Projection 1.4013 Trendline 1.3190 Trendline 1.3460 Res 2 1.3910 Ex-High 1.3632 Res 1 1.3768 Pivot 1.3490 Sup 1 1.3348 Ex-Low 1.3212 Sup 2 1.3070 1.3767 1.3677 1.3385 1.3295   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.3738 Scenario for this month There are initial signs of a good corrective recovery to at least 1.3406 or even above 1.3580. Supports at 1.2883 zone. Key point 1.3590 Entry point 1.3345 Elliott 1.2456 Closing 1.3230 Projection 1.3738 Trendline 1.2885 Trendline 1.3314 Res 2 1.3929 Ex-High 1.3582 Res 1 1.3580 Pivot 1.3232 Sup 1 1.2883 Ex-Low 1.2885 Sup 2 1.2535 1.3838 1.3652 1.3049 1.2863   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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