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RTFX TraderTip >> EUR-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 EUR-CAD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : irregular flat correction up 1.3572

Scenario for today

Corrective dips should ideally halt near 1.3463 or 1.3442 for one more thrust upwards towards 1.3511 - 1.3538 area or 1.3580 in extention. Fall below 1.3388 puts it back on a downward path.
Key point 1.3516
Entry point 1.3484
Elliott 1.3319
Closing 1.3497
Projection 1.3523
Trendline 1.3464
Trendline 1.3466
Res 2 1.3580
Ex-High 1.3525
Res 1 1.3538
Pivot 1.3484
Sup 1 1.3442
Ex-Low 1.3429
Sup 2 1.3388

1.3562
1.3526
1.3409
1.3373
 
Warning: Harami


WEEKLY TECHNICAL ANALYSIS EUR-CAD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : flat correction up 1.3651

Scenario for this week

Strength can extend to 1.3462 or even 1.3526 as declines are expected to find support at 1.3398 or 1.3335. Stop Loss below 1.3273 zone.
Key point 1.3400
Entry point 1.3364
Elliott 1.3156
Closing 1.3400
Projection 1.3691
Trendline 1.3271
Trendline 1.3385
Res 2 1.3651
Ex-High 1.3523
Res 1 1.3526
Pivot 1.3398
Sup 1 1.3273
Ex-Low 1.3270
Sup 2 1.3145

1.3637
1.3556
1.3295
1.3214
 
Warning: End of trend


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

Scenario for this month

While below 1.3750 it is more likely to fall further towards 1.3453 or 1.3334 level.
Key point 1.3752
Entry point 1.3571
Elliott 1.2452
Closing 1.3512
Projection 1.3812
Trendline 1.3355
Trendline 1.3508
Res 2 1.3987
Ex-High 1.3691
Res 1 1.3750
Pivot 1.3453
Sup 1 1.3215
Ex-Low 1.3156
Sup 2 1.2918

1.3747
1.3639
1.3291
1.3183
 
Warning: Imminent end of bullish move - Harami



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