Thread: RTFX TraderTip >> EUR-CAD Analysis - Monday 22 March 2010

RTFX TraderTip >> EUR-CAD Analysis - 22 Mar 2010 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-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.3652 Scenario for today It should test 1.3801 area after which a sell off down to 1.3641 or extended to 1.3518 area is expected. Key point 1.3765 Entry point 1.3799 Elliott 1.4106 Closing 1.3764 Projection 1.3652 Trendline 1.3828 Trendline 1.3796 Res 2 1.3986 Ex-High 1.3863 Res 1 1.3875 Pivot 1.3752 Sup 1 1.3641 Ex-Low 1.3629 Sup 2 1.3518 1.3949 1.3909 1.3779 1.3739   WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an impulse wave down 1.3893 Scenario for this week Current fall is near an end of wave around 1.3590 zone, a rally should then procede to above 1.3977. Fall below 1.3417 would cancel this scenario. Key point 1.3697 Entry point 1.3813 Elliott 1.4440 Closing 1.3764 Projection 1.3396 Trendline 1.3935 Trendline 1.3847 Res 2 1.4189 Ex-High 1.4015 Res 1 1.3977 Pivot 1.3803 Sup 1 1.3590 Ex-Low 1.3629 Sup 2 1.3417 1.4028 1.3938 1.3648 1.3558   Warning: End of trend - Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave down 1.3604 Scenario for this month It is likely to fall to 1.3990 or below 1.3647 in extension while 1.4445 - 1.4616 area offer resistance. Above 1.4788 the outlook could turn bullish. Key point 1.3984 Entry point 1.4280 Elliott 1.6011 Closing 1.4333 Projection 1.3604 Trendline 1.4655 Trendline 1.4710 Res 2 1.5242 Ex-High 1.4899 Res 1 1.4788 Pivot 1.4445 Sup 1 1.3990 Ex-Low 1.4102 Sup 2 1.3647 1.4861 1.4626 1.3865 1.3630   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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