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RTFX TraderTip >> GBP-CHF 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-CHF
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : flat correction up 1.5755

Scenario for today

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5695 or 1.5729 if support around 1.5641 hold. After which a pullback to 1.5641 - 1.5608 zone is possible.
Key point 1.5695
Entry point 1.5643
Elliott 1.5427
Closing 1.5663
Projection 1.5811
Trendline 1.5579
Trendline 1.5618
Res 2 1.5795
Ex-High 1.5707
Res 1 1.5729
Pivot 1.5641
Sup 1 1.5575
Ex-Low 1.5554
Sup 2 1.5488

1.5739
1.5691
1.5536
1.5488
 


WEEKLY TECHNICAL ANALYSIS GBP-CHF
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : elongated flat correction down 1.5369

Scenario for this week

One more dip to 1.5622 - 1.5486 is likely followed by a grind higher to 1.5880 - 1.6001. After which it can resume its downtrend.
Key point 1.5552
Entry point 1.5720
Elliott 1.6760
Closing 1.5729
Projection 1.5259
Trendline 1.5932
Trendline 1.5894
Res 2 1.6273
Ex-High 1.6030
Res 1 1.6001
Pivot 1.5758
Sup 1 1.5486
Ex-Low 1.5515
Sup 2 1.5243

1.6023
1.5893
1.5471
1.5341
 
Warning: End of trend


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

Scenario for this month

There is bearish potential for a fall to 1.5566 - 1.5168 while 1.5964 - 1.6170 resist. After this fall a recovery up to 1.6170 or 1.6376 is expected.
Key point 1.5435
Entry point 1.6022
Elliott 1.7076
Closing 1.5580
Projection 1.5024
Trendline 1.6177
Trendline 1.6177
Res 2 1.7173
Ex-High 1.6760
Res 1 1.6376
Pivot 1.5964
Sup 1 1.5168
Ex-Low 1.5552
Sup 2 1.4756

1.6532
1.6286
1.5490
1.5244
 
Warning: Engulfing pattern



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