Thread: RTFX TraderTip >> GBP-USD Analysis - Monday 25 May 2009

RTFX TraderTip >> GBP-USD Analysis - 25 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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave up 1.5965 Scenario for today Currently uptrend should end around 1.5941 - 1.5983 area. A correction down to below 1.5795 is expected. A rise above 1.6057 will abort the expected correction. Key point 1.6034 Entry point 1.5915 Elliott 1.5060 Closing 1.5908 Projection 1.5965 Trendline 1.5731 Trendline 1.5997 Res 2 1.6057 Ex-High 1.5944 Res 1 1.5983 Pivot 1.5869 Sup 1 1.5795 Ex-Low 1.5756 Sup 2 1.5681 1.5897 1.5821 1.5576 1.5500   Warning: End of trend WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave up 1.6119 Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6094 or 1.6196 if support around 1.5656 hold. After which a pullback to 1.5656 - 1.5513 zone is possible. Key point 1.6286 Entry point 1.5612 Elliott 1.4397 Closing 1.5908 Projection 1.6473 Trendline 1.5261 Trendline 1.5318 Res 2 1.6483 Ex-High 1.5944 Res 1 1.6196 Pivot 1.5656 Sup 1 1.5369 Ex-Low 1.5117 Sup 2 1.4829 1.6221 1.6029 1.5409 1.5217   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Strength can extend to 1.4930 or even higher than 1.5149 as declines are expected to find support at 1.4532 or 1.4353. A fall below 1.3915 could turn it bearish. Key point 1.5303 Entry point 1.4766 Elliott 1.3504 Closing 1.4791 Projection 1.6045 Trendline 1.4117 Trendline 1.4891 Res 2 1.5507 Ex-High 1.5069 Res 1 1.5149 Pivot 1.4711 Sup 1 1.4353 Ex-Low 1.4273 Sup 2 1.3915 1.5813 1.5506 1.4514 1.4207   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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