RTFX TraderTip >> EUR-GBP Analysis - 28 Apr 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-GBP
Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 0.8581
Scenario for today
Support at 0.8631 or 0.8608 should hold. Then a correction to above 0.8720 is anticipated. A clear break of 0.8586 is again bearish.
Key point 0.8598 Entry point 0.8648 Elliott 0.8698 Closing 0.8631 Projection 0.8603 Trendline 0.8630 Trendline 0.8657
Res 2 0.8720 Ex-High 0.8698 Res 1 0.8676 Pivot 0.8653 Sup 1 0.8608 Ex-Low 0.8630 Sup 2 0.8586
0.8714
0.86910.8617
0.8595
WEEKLY TECHNICAL ANALYSIS EUR-GBP
Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 0.8570
Scenario for this week
Market should not go lower than 0.8652 - 0.8589. After this move down it should go up to 0.8770 - 0.8824 area.
Key point 0.8614 Entry point 0.8724 Elliott 0.8865 Closing 0.8697 Projection 0.8510 Trendline 0.8844 Trendline 0.8823
Res 2 0.8952 Ex-High 0.8844 Res 1 0.8824 Pivot 0.8716 Sup 1 0.8589 Ex-Low 0.8608 Sup 2 0.8480
0.8822
0.87710.8606
0.8555
Warning: End of trend
MONTHLY TECHNICAL ANALYSIS EUR-GBP
Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.8603
Scenario for this month
A corrective rise should ideally test 0.9074 or even higher than 0.9251. Supports are at 0.8673. Stop loss below 0.8695 zone.
Key point 0.8660 Entry point 0.8905 Elliott 0.9150 Closing 0.8898 Projection 0.8603 Trendline 0.8846 Trendline 0.9086
Res 2 0.9251 Ex-High 0.9150 Res 1 0.9074 Pivot 0.8973 Sup 1 0.8797 Ex-Low 0.8872 Sup 2 0.8695
0.9116
0.90270.8738
0.8649
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