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RTFX TraderTip >> EUR-USD Analysis - 5 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 EUR-USD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : extension wave down 1.2914

Scenario for today

Market should not go lower than 1.2853. After this move down it should go up to 1.3140 area.
Key point 1.2876
Entry point 1.3019
Elliott 1.3349
Closing 1.2987
Projection 1.2824
Trendline 1.3214
Trendline 1.3078
Res 2 1.3293
Ex-High 1.3214
Res 1 1.3140
Pivot 1.3061
Sup 1 1.2908
Ex-Low 1.2982
Sup 2 1.2829

1.3292
1.3246
1.3095
1.3048
 
Warning: Imminent end of bearish move


WEEKLY TECHNICAL ANALYSIS EUR-USD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : extension wave down 1.2933

Scenario for this week

It should test 1.3467 area after which a sell off down to 1.3146 or extended to 1.2980 area is expected.
Key point 1.3283
Entry point 1.3279
Elliott 1.3692
Closing 1.3313
Projection 1.2776
Trendline 1.3357
Trendline 1.3309
Res 2 1.3582
Ex-High 1.3415
Res 1 1.3447
Pivot 1.3281
Sup 1 1.3146
Ex-Low 1.3115
Sup 2 1.2980

1.3485
1.3382
1.3048
1.2945
 
Warning: End of trend


MONTHLY TECHNICAL ANALYSIS EUR-USD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : crucial reversal point

Scenario for this month

It is likely to fall to 1.3054 or below 1.2796 in extension while 1.3373 - 1.3503 area offer resistance. Above 1.3632 the outlook could turn bullish.
Key point 1.3006
Entry point 1.3250
Elliott 1.5144
Closing 1.3313
Projection 1.2456
Trendline 1.3477
Trendline 1.3402
Res 2 1.3951
Ex-High 1.3692
Res 1 1.3632
Pivot 1.3373
Sup 1 1.3054
Ex-Low 1.3115
Sup 2 1.2796

1.3667
1.3521
1.3048
1.2902
 



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