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RTFX TraderTip >> USD-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 USD-CAD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : flat correction down 1.0473

Scenario for today

It should try higher up to 1.0539 - 1.0561. Entry point 1.0517 or 1.0498. After this rise, a correction is expected.
Key point 1.0500
Entry point 1.0508
Elliott 1.0673
Closing 1.0523
Projection 1.0473
Trendline 1.0573
Trendline 1.0497
Res 2 1.0600
Ex-High 1.0556
Res 1 1.0561
Pivot 1.0517
Sup 1 1.0478
Ex-Low 1.0473
Sup 2 1.0434

1.0639
1.0607
1.0501
1.0469
 


WEEKLY TECHNICAL ANALYSIS USD-CAD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : irregular flat correction up 1.0699

Scenario for this week

There are initial signs of a good corrective recovery towards 1.0596 or even 1.0646. Supports at 1.0484 and 1.0423 zone.
Key point 1.0585
Entry point 1.0546
Elliott 1.0108
Closing 1.0524
Projection 1.0882
Trendline 1.0426
Trendline 1.0641
Res 2 1.0769
Ex-High 1.0668
Res 1 1.0646
Pivot 1.0545
Sup 1 1.0423
Ex-Low 1.0445
Sup 2 1.0322

1.0737
1.0671
1.0459
1.0393
 


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

Scenario for this month

It should be subject to more sell off towards 1.0285 or 0.9914. Corrective upward swings should face resistance around 1.1186 area. A break of 1.1044 is bullish.
Key point 1.0641
Entry point 1.0618
Elliott 1.0854
Closing 1.0656
Projection 1.0283
Trendline 1.0616
Trendline 1.0669
Res 2 1.1044
Ex-High 1.0673
Res 1 1.0850
Pivot 1.0479
Sup 1 1.0285
Ex-Low 1.0108
Sup 2 0.9914

1.0781
1.0665
1.0290
1.0174
 



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