Thread: RTFX TraderTip >> EUR-CAD Analysis - Monday 05 July 2010

RTFX TraderTip >> EUR-CAD Analysis - 5 Jul 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 : crucial reversal point 1.3245 Scenario for today One move lower to 1.3222 or 1.3112 is anticipated while below 1.3380 - 1.3435 area. Stop loss above 1.3537 zone. Key point 1.3434 Entry point 1.3356 Elliott 1.2700 Closing 1.3333 Projection 1.3602 Trendline 1.3197 Trendline 1.3445 Res 2 1.3537 Ex-High 1.3426 Res 1 1.3435 Pivot 1.3324 Sup 1 1.3222 Ex-Low 1.3213 Sup 2 1.3112 1.3274 1.3209 1.2999 1.2934   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3593 or 1.3606 if support around 1.3153 hold. After which a pullback to 1.3153 - 1.3016 zone is possible. Key point 1.3604 Entry point 1.3044 Elliott 1.2452 Closing 1.3333 Projection 1.4109 Trendline 1.2663 Trendline 1.2878 Res 2 1.3879 Ex-High 1.3426 Res 1 1.3606 Pivot 1.3153 Sup 1 1.2880 Ex-Low 1.2700 Sup 2 1.2427 1.3638 1.3470 1.2926 1.2758   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should hold major support at 1.2258 before rising towards 1.3228 or even 1.3439 limit. Key point 1.3512 Entry point 1.2982 Elliott 1.2452 Closing 1.3017 Projection 1.3812 Trendline 1.2924 Trendline 1.2697 Res 2 1.3439 Ex-High 1.3051 Res 1 1.3228 Pivot 1.2840 Sup 1 1.2629 Ex-Low 1.2452 Sup 2 1.2241 1.3400 1.3239 1.2717 1.2556   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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