Thread: RTFX TraderTip >> XAG-USD Analysis - Monday 04 May 2009

RTFX TraderTip >> XAG-USD Analysis - 4 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 XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today It should test 12.6600 area after which a sell off down to 12.1200 or extended to 11.7900 area is expected. Key point 12.5550 Entry point 12.4905 Elliott 13.2600 Closing 12.4500 Projection 11.8100 Trendline 12.5975 Trendline 12.5333 Res 2 12.9700 Ex-High 12.6400 Res 1 12.7100 Pivot 12.3800 Sup 1 12.1200 Ex-Low 12.0500 Sup 2 11.7900 12.9243 12.7695 12.2685 12.1137   WEEKLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It looks more likely that it would rise to 13.1233 from 12.2500 or 11.9133. After which a downside move is expected. Key point 12.3113 Entry point 12.1950 Elliott 11.8100 Closing 12.4500 Projection 13.1016 Trendline 11.9975 Trendline 12.2800 Res 2 13.7967 Ex-High 13.2600 Res 1 13.1233 Pivot 12.5867 Sup 1 11.9133 Ex-Low 12.0500 Sup 2 11.3767 13.2866 13.0062 12.0988 11.8184   MONTHLY TECHNICAL ANALYSIS XAG-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Structure is bearish to 12.0900 or 11.7000 limit but slowing momentum suggests a correction first to 12.8150 or 13.9300 zone. Key point 12.0200 Entry point 12.3900 Elliott 14.6300 Closing 12.3700 Projection 10.8293 Trendline 13.0550 Trendline 12.5750 Res 2 13.9300 Ex-High 13.2600 Res 1 13.1500 Pivot 12.4800 Sup 1 11.7000 Ex-Low 11.8100 Sup 2 11.0300 13.2652 12.9500 11.9300 11.6148   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.

More informations about Realtime Forex