Thread: RTFX TraderTip >> EUR-GBP Analysis - Monday 02 August 2010

RTFX TraderTip >> EUR-GBP Analysis - 2 Aug 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 : elongated flat correction down 0.8263 Scenario for today There is bearish potential for a fall to 0.8278 while 0.8330 - 0.8343 resist. After this fall a recovery up to 0.8343 or 0.8356 is expected. Key point 0.8267 Entry point 0.8331 Elliott 0.8396 Closing 0.8304 Projection 0.8263 Trendline 0.8382 Trendline 0.8367 Res 2 0.8408 Ex-High 0.8382 Res 1 0.8356 Pivot 0.8330 Sup 1 0.8278 Ex-Low 0.8303 Sup 2 0.8251 0.8397 0.8377 0.8312 0.8291   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.8245 Scenario for this week It might hold above 0.8304 or 0.8266 for a rise towards above 0.8379. Stop loss below 0.8228 zone. Key point 0.8250 Entry point 0.8296 Elliott 0.8532 Closing 0.8304 Projection 0.8245 Trendline 0.8416 Trendline 0.8300 Res 2 0.8454 Ex-High 0.8416 Res 1 0.8379 Pivot 0.8341 Sup 1 0.8266 Ex-Low 0.8303 Sup 2 0.8228 0.8400 0.8374 0.8290 0.8264   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month While below 0.8335 it might drop to 0.8137 or below 0.7970 zone. Key point 0.8286 Entry point 0.8252 Elliott 0.8068 Closing 0.8304 Projection 0.8481 Trendline 0.8167 Trendline 0.8267 Res 2 0.8699 Ex-High 0.8532 Res 1 0.8502 Pivot 0.8335 Sup 1 0.8137 Ex-Low 0.8167 Sup 2 0.7970 0.8549 0.8464 0.8190 0.8105   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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