Thread: RTFX TraderTip >> USD-CAD Analysis - Monday 06 July 2009

RTFX TraderTip >> USD-CAD Analysis - 6 Jul 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 : common flat correction up 1.1655 Scenario for today Current upmove should continue to 1.1650 or 1.1683. Any correction should find support in 1.1607 - 1.1590 zone. A break above 1.1657 could accelerate the move up. Key point 1.1662 Entry point 1.1628 Elliott 1.1439 Closing 1.1618 Projection 1.1655 Trendline 1.1557 Trendline 1.1654 Res 2 1.1683 Ex-High 1.1639 Res 1 1.1650 Pivot 1.1607 Sup 1 1.1574 Ex-Low 1.1563 Sup 2 1.1531 1.1679 1.1641 1.1517 1.1478   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat support in correction up 1.1558 Scenario for this week Currently uptrend should end around 1.1705 - 1.1702 area. A correction down to below 1.1486 is expected. A rise above 1.1787 will abort the expected correction. Key point 1.1720 Entry point 1.1645 Elliott 1.0785 Closing 1.1618 Projection 1.1815 Trendline 1.1538 Trendline 1.1605 Res 2 1.1787 Ex-High 1.1655 Res 1 1.1702 Pivot 1.1571 Sup 1 1.1486 Ex-Low 1.1439 Sup 2 1.1355 1.1714 1.1664 1.1502 1.1452   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.1656 Scenario for this month It should trade higher to 1.1914 or above 1.2204 in extention. Supports at 1.1204 and 1.1059. Stop loss below 1.0494 zone. Key point 1.2093 Entry point 1.1439 Elliott 1.0785 Closing 1.1623 Projection 1.1656 Trendline 1.1374 Trendline 1.1102 Res 2 1.2204 Ex-High 1.1640 Res 1 1.1914 Pivot 1.1349 Sup 1 1.1059 Ex-Low 1.0785 Sup 2 1.0494 1.1812 1.1647 1.1112 1.0947   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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