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RTFX TraderTip >> USD-CHF Analysis - Monday 06 July 2009
RTFX TraderTip >> USD-CHF 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-CHF
Scenario
Technical points
Supports / Resistances
Channels & Oscillator
Elliott : zigzag or flat correction 1.0902
Scenario for today
One move lower to 1.0831 or 1.0795 is anticipated while below 1.0885 - 1.0903 area. Stop loss above 1.0939 zone.
Key point
1.0905
Entry point
1.0884
Elliott
1.0707
Closing
1.0868
Projection
1.0902
Trendline
1.0825
Trendline
1.0919
Res 2
1.0939
Ex-High
1.0902
Res 1
1.0903
Pivot
1.0867
Sup 1
1.0831
Ex-Low
1.0830
Sup 2
1.0795
1.0919 1.0887
1.0781 1.0749
Warning: End of trend
WEEKLY TECHNICAL ANALYSIS USD-CHF
Scenario
Technical points
Supports / Resistances
Channels & Oscillator
Elliott : flat correction up 1.0965
Scenario for this week
It should trade lower to 1.0746. Resistances are at 1.0951 and 1.1034. A break of 1.1156 is bullish, confirmed by a close above 1.0985.
Key point
1.0927
Entry point
1.0826
Elliott
1.0633
Closing
1.0868
Projection
1.1022
Trendline
1.0912
Trendline
1.0802
Res 2
1.1034
Ex-High
1.0912
Res 1
1.0951
Pivot
1.0829
Sup 1
1.0746
Ex-Low
1.0707
Sup 2
1.0624
1.0964 1.0916
1.0762 1.0714
Warning: Harami
MONTHLY TECHNICAL ANALYSIS USD-CHF
Scenario
Technical points
Supports / Resistances
Channels & Oscillator
Elliott : elongated flat correction down 1.0663
Scenario for this month
It should test 1.0979 area after which a sell off down to 1.0629 or extended to 1.0394 area is expected.
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