Thread: RTFX TraderTip >> EUR-CAD Analysis - Friday 25 June 2010

RTFX TraderTip >> EUR-CAD Analysis - 25 Jun 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 : elongated flat correction up 1.2938 Scenario for today While below 1.2888 - 1.2933 it is more likely to fall further towards 1.2807 or 1.2771. Premature rise above 1.2933 could see it rising above 1.3004 zone. Key point 1.2929 Entry point 1.2874 Elliott 1.2522 Closing 1.2862 Projection 1.2938 Trendline 1.2758 Trendline 1.2893 Res 2 1.3004 Ex-High 1.2913 Res 1 1.2933 Pivot 1.2842 Sup 1 1.2771 Ex-Low 1.2751 Sup 2 1.2680 1.2835 1.2791 1.2652 1.2608   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.2964 Scenario for this week If market stays below 1.2708 a fall to 1.2573 is expected. If market breaks the point 1.2774 it could reach the sky. Key point 1.2556 Entry point 1.2547 Elliott 1.2452 Closing 1.2636 Projection 1.3085 Trendline 1.2509 Trendline 1.2566 Res 2 1.2911 Ex-High 1.2779 Res 1 1.2774 Pivot 1.2641 Sup 1 1.2504 Ex-Low 1.2509 Sup 2 1.2372 1.2948 1.2846 1.2515 1.2413   MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks set to visit further lower territory down to around 1.2751 - 1.2479. Its corrective attempts should fail ahead of 1.2751 - 1.3398. Stop loss above 1.3943 zone. Key point 1.2502 Entry point 1.2850 Elliott 1.6011 Closing 1.2853 Projection 1.1275 Trendline 1.3272 Trendline 1.3378 Res 2 1.3943 Ex-High 1.3569 Res 1 1.3398 Pivot 1.3024 Sup 1 1.2479 Ex-Low 1.2650 Sup 2 1.2105 1.3459 1.3245 1.2551 1.2337   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.

More informations about RTFX