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RTFX TraderTip >> USD-CHF Analysis - 3 May 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 USD-CHF
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : flat correction down 1.0700

Scenario for today

Market should not go lower than 1.0755 - 1.0725. After this move down it should go up to 1.0805 - 1.0824 area.
Key point 1.0747
Entry point 1.0781
Elliott 1.0924
Closing 1.0763
Projection 1.0700
Trendline 1.0825
Trendline 1.0824
Res 2 1.0885
Ex-High 1.0847
Res 1 1.0824
Pivot 1.0786
Sup 1 1.0725
Ex-Low 1.0748
Sup 2 1.0687

1.0893
1.0862
1.0762
1.0731
 
Warning: Imminent end of bearish move


WEEKLY TECHNICAL ANALYSIS USD-CHF
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : irregular flat correction up 1.0853

Scenario for this week

Resistances lie around 1.0844 and 1.0891. It should test lower towards 1.0667 zone. A clear break of 1.0663 would be bearish.
Key point 1.0775
Entry point 1.0771
Elliott 1.0503
Closing 1.0763
Projection 1.0962
Trendline 1.0726
Trendline 1.0799
Res 2 1.1020
Ex-High 1.0924
Res 1 1.0891
Pivot 1.0796
Sup 1 1.0667
Ex-Low 1.0700
Sup 2 1.0572

1.0924
1.0872
1.0704
1.0652
 
Warning: End of trend


MONTHLY TECHNICAL ANALYSIS USD-CHF
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : common flat correction up 1.0924

Scenario for this month

It should trade higher to 1.0980 while 1.0707 or 1.0599 offers support. Stop loss below 1.0490 zone.
Key point 1.0846
Entry point 1.0640
Elliott 1.0435
Closing 1.0763
Projection 1.0924
Trendline 1.0684
Trendline 1.0684
Res 2 1.1197
Ex-High 1.0924
Res 1 1.0980
Pivot 1.0707
Sup 1 1.0490
Ex-Low 1.0435
Sup 2 1.0218

1.1018
1.0905
1.0538
1.0425
 
Warning: End of trend - Engulfing pattern



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