Thread: RTFX TraderTip >> EUR-GBP Analysis - Monday 06 July 2009

RTFX TraderTip >> EUR-GBP 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 EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.8510 Scenario for today It may attempt a test higher to 0.8573 - 0.8593 after which weakness may set it to a drift down to below 0.8523 limit. Key point 0.8575 Entry point 0.8558 Elliott 0.8630 Closing 0.8562 Projection 0.8510 Trendline 0.8584 Trendline 0.8538 Res 2 0.8623 Ex-High 0.8584 Res 1 0.8593 Pivot 0.8553 Sup 1 0.8523 Ex-Low 0.8514 Sup 2 0.8483 0.8609 0.8585 0.8509 0.8486   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 0.8634 Scenario for this week Current rise seems to be over near 0.8596 or 0.8649 for a retracement towards 0.8543 - 0.8499 area. Key point 0.8591 Entry point 0.8512 Elliott 0.8400 Closing 0.8562 Projection 0.8689 Trendline 0.8436 Trendline 0.8472 Res 2 0.8737 Ex-High 0.8630 Res 1 0.8649 Pivot 0.8543 Sup 1 0.8455 Ex-Low 0.8436 Sup 2 0.8349 0.8665 0.8620 0.8475 0.8430   MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 0.8638 Scenario for this month It looks set to visit further lower territory down to around 0.8462 - 0.8327. Its corrective attempts should fail ahead of 0.8462 - 0.8795. Stop loss above 0.9066 zone. Key point 0.8392 Entry point 0.8561 Elliott 0.9500 Closing 0.8525 Projection 0.8105 Trendline 0.8770 Trendline 0.8699 Res 2 0.9066 Ex-High 0.8868 Res 1 0.8795 Pivot 0.8598 Sup 1 0.8327 Ex-Low 0.8400 Sup 2 0.8130 0.8839 0.8749 0.8457 0.8367   Warning: 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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