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

RTFX TraderTip >> USD-CAD 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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.1774 Scenario for today Current fall is near an end of wave around 1.1770 - 1.1786 zone, a rally should then procede to above 1.1905 or 1.1929. Fall below 1.1760 would cancel this scenario. Key point 1.1822 Entry point 1.1834 Elliott 1.2266 Closing 1.1857 Projection 1.1673 Trendline 1.1913 Trendline 1.1856 Res 2 1.2002 Ex-High 1.1953 Res 1 1.1929 Pivot 1.1881 Sup 1 1.1808 Ex-Low 1.1832 Sup 2 1.1760 1.2118 1.2075 1.1935 1.1892   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.1720 Scenario for this week There is bearish potential for a fall to 1.1704 while 1.1985 - 1.2062 resist. After this fall a recovery up to 1.2062 or 1.2138 is expected. Key point 1.1665 Entry point 1.1921 Elliott 1.2505 Closing 1.1857 Projection 1.1659 Trendline 1.2266 Trendline 1.2027 Res 2 1.2419 Ex-High 1.2266 Res 1 1.2138 Pivot 1.1985 Sup 1 1.1704 Ex-Low 1.1832 Sup 2 1.1551 1.2217 1.2116 1.1790 1.1689   MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should meet resistance at 1.2167. We expect then an extended move down to 1.1669 - 1.1216 area. Key point 1.1191 Entry point 1.1969 Elliott 1.3064 Closing 1.1925 Projection 1.1763 Trendline 1.2715 Trendline 1.2366 Res 2 1.3020 Ex-High 1.2715 Res 1 1.2473 Pivot 1.2167 Sup 1 1.1620 Ex-Low 1.1862 Sup 2 1.1314 1.2484 1.2334 1.1847 1.1697   Warning: Low Zone - Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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