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RTFX TraderTip >> GBP-CAD Analysis - 3 Sep 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 GBP-CAD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : extension wave down 1.6130

Scenario for today

One more dip to 1.6168 - 1.6129 is likely followed by a grind higher to 1.6246 - 1.6285. After which it can resume its downtrend.
Key point 1.6187
Entry point 1.6214
Elliott 1.6422
Closing 1.6207
Projection 1.6167
Trendline 1.6285
Trendline 1.6217
Res 2 1.6364
Ex-High 1.6286
Res 1 1.6285
Pivot 1.6207
Sup 1 1.6129
Ex-Low 1.6129
Sup 2 1.6051

1.6385
1.6345
1.6217
1.6177
 
Warning: End of trend


WEEKLY TECHNICAL ANALYSIS GBP-CAD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : flat correction down 1.6092

Scenario for this week

Resistances lie around 1.6401 and 1.6452. It should test lower towards 1.6224 zone. A clear break of 1.6206 would be bearish.
Key point 1.6370
Entry point 1.6422
Elliott 1.6474
Closing 1.6327
Projection 1.5964
Trendline 1.6247
Trendline 1.6530
Res 2 1.6577
Ex-High 1.6474
Res 1 1.6452
Pivot 1.6349
Sup 1 1.6224
Ex-Low 1.6247
Sup 2 1.6122

1.6528
1.6448
1.6188
1.6108
 


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

Scenario for this month

Currently uptrend should end around 1.6540 - 1.6565 area. A correction down to below 1.6055 is expected. A rise above 1.6775 will abort the expected correction.
Key point 1.6504
Entry point 1.6350
Elliott 1.4835
Closing 1.6356
Projection 1.6727
Trendline 1.5980
Trendline 1.6505
Res 2 1.6775
Ex-High 1.6474
Res 1 1.6565
Pivot 1.6265
Sup 1 1.6055
Ex-Low 1.5964
Sup 2 1.5755

1.6542
1.6425
1.6047
1.5930
 
Warning: Imminent end of bullish move



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