Thread: RTFX TraderTip >> USD-CAD Analysis - Monday 13 July 2009

RTFX TraderTip >> USD-CAD Analysis - 13 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 : flat correction down 1.1570 Scenario for today Corrective dips should ideally halt near 1.1622 or 1.1604 for one more thrust upwards towards 1.1660 - 1.1681 area or 1.1716 in extention. Fall below 1.1562 puts it back on a downward path. Key point 1.1653 Entry point 1.1652 Elliott 1.1724 Closing 1.1645 Projection 1.1613 Trendline 1.1655 Trendline 1.1651 Res 2 1.1716 Ex-High 1.1675 Res 1 1.1681 Pivot 1.1639 Sup 1 1.1604 Ex-Low 1.1598 Sup 2 1.1562 1.1715 1.1684 1.1581 1.1549   Warning: Harami WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.1740 Scenario for this week While below 1.1731 it is more likely to fall further towards 1.1638 or 1.1594 level. Key point 1.1736 Entry point 1.1703 Elliott 1.0785 Closing 1.1645 Projection 1.1815 Trendline 1.1633 Trendline 1.1696 Res 2 1.1818 Ex-High 1.1724 Res 1 1.1731 Pivot 1.1638 Sup 1 1.1551 Ex-Low 1.1544 Sup 2 1.1458 1.1749 1.1707 1.1572 1.1530   MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 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 1.2193 Trendline 1.1374 Trendline 1.1327 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 1.1858 1.1682 1.1112 1.0936   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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