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

RTFX TraderTip >> GBP-USD 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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6234 Scenario for today It looks set to visit further lower territory down to around 1.6313 - 1.6274. Its corrective attempts should fail ahead of 1.6313 - 1.6402. Stop loss above 1.6480 zone. Key point 1.6259 Entry point 1.6305 Elliott 1.6744 Closing 1.6324 Projection 1.6234 Trendline 1.6372 Trendline 1.6360 Res 2 1.6480 Ex-High 1.6430 Res 1 1.6402 Pivot 1.6352 Sup 1 1.6274 Ex-Low 1.6302 Sup 2 1.6224 1.6568 1.6515 1.6345 1.6292   Warning: Low Zone - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.6162 Scenario for this week It looks more likely that it would rise to 1.6611 - 1.6899 from 1.6313 or 1.6169. After which a downside move is expected. Key point 1.6125 Entry point 1.6434 Elliott 1.6744 Closing 1.6324 Projection 1.6162 Trendline 1.6407 Trendline 1.6469 Res 2 1.6899 Ex-High 1.6744 Res 1 1.6611 Pivot 1.6457 Sup 1 1.6169 Ex-Low 1.6302 Sup 2 1.6015 1.6691 1.6589 1.6258 1.6156   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month One move lower to 1.5926 or 1.5393 is anticipated while below 1.6602 - 1.6868 area. Stop loss above 1.7277 zone. Key point 1.7076 Entry point 1.6477 Elliott 1.3504 Closing 1.6459 Projection 1.7614 Trendline 1.5633 Trendline 1.6850 Res 2 1.7277 Ex-High 1.6744 Res 1 1.6868 Pivot 1.6335 Sup 1 1.5926 Ex-Low 1.5802 Sup 2 1.5393 1.6827 1.6644 1.6052 1.5869   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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