Thread: RTFX TraderTip >> GBP-CAD Analysis - Friday 10 September 2010

RTFX TraderTip >> GBP-CAD Analysis - 10 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 : flat correction down 1.5881 Scenario for today Current fall is near an end of wave around 1.5869 zone, a rally should then procede to above 1.6057. Fall below 1.5783 would cancel this scenario. Key point 1.5890 Entry point 1.5945 Elliott 1.6224 Closing 1.5954 Projection 1.5881 Trendline 1.6075 Trendline 1.5927 Res 2 1.6160 Ex-High 1.6075 Res 1 1.6057 Pivot 1.5972 Sup 1 1.5869 Ex-Low 1.5887 Sup 2 1.5783 1.6153 1.6100 1.5925 1.5871   WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.5844 Scenario for this week There is bearish potential for a fall to 1.5938 while 1.6180 - 1.6248 resist. After this fall a recovery up to 1.6248 or 1.6315 is expected. Key point 1.6098 Entry point 1.6247 Elliott 1.6474 Closing 1.6073 Projection 1.5649 Trendline 1.6422 Trendline 1.6370 Res 2 1.6558 Ex-High 1.6422 Res 1 1.6315 Pivot 1.6180 Sup 1 1.5938 Ex-Low 1.6045 Sup 2 1.5803 1.6434 1.6323 1.5963 1.5852   MONTHLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.5848 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 1.6277 Entry point 1.6375 Elliott 1.6474 Closing 1.6356 Projection 1.5848 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 1.6580 1.6425 1.5923 1.5768   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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