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RTFX TraderTip >> EUR-USD Analysis - Monday 06 July 2009
RTFX TraderTip >> EUR-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 EUR-USD
Scenario
Technical points
Supports / Resistances
Channels & Oscillator
Elliott : irregular flat correction down 1.3900
Scenario for today
It may meet resistance in 1.3977 - 1.3978 zone for a drift down to 1.3927 zone, after which bounce to 1.4027 is anticipated.
Key point
1.3926
Entry point
1.3953
Elliott
1.4201
Closing
1.3977
Projection
1.3848
Trendline
1.4036
Trendline
1.3902
Res 2
1.4078
Ex-High
1.4028
Res 1
1.4027
Pivot
1.3978
Sup 1
1.3927
Ex-Low
1.3928
Sup 2
1.3878
1.4149 1.4107
1.3974 1.3933
Warning: Low Zone
WEEKLY TECHNICAL ANALYSIS EUR-USD
Scenario
Technical points
Supports / Resistances
Channels & Oscillator
Elliott : flat correction down 1.3861
Scenario for this week
It looks more likely that it would rise to 1.4143 - 1.4308 from 1.3953 or 1.3870. After which a downside move is expected.
Key point
1.3889
Entry point
1.4045
Elliott
1.4201
Closing
1.3977
Projection
1.3748
Trendline
1.3942
Trendline
1.4030
Res 2
1.4308
Ex-High
1.4201
Res 1
1.4143
Pivot
1.4035
Sup 1
1.3870
Ex-Low
1.3928
Sup 2
1.3762
1.4186 1.4123
1.3918 1.3855
MONTHLY TECHNICAL ANALYSIS EUR-USD
Scenario
Technical points
Supports / Resistances
Channels & Oscillator
Elliott : irregular flat correction up 1.4228
Scenario for this month
There are initial signs of a good corrective recovery towards 1.4185 or even 1.4331. Supports at 1.3890 and 1.3741 zone.
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