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

RTFX TraderTip >> EUR-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 EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 1.3089 Scenario for today It should register further gains to 1.3189 while 1.3087 - 1.3050 caps downside attempts. Stop loss below 1.2985 zone. Key point 1.3083 Entry point 1.3125 Elliott 1.3587 Closing 1.3124 Projection 1.2986 Trendline 1.3222 Trendline 1.3100 Res 2 1.3253 Ex-High 1.3216 Res 1 1.3189 Pivot 1.3151 Sup 1 1.3087 Ex-Low 1.3114 Sup 2 1.3050 1.3320 1.3289 1.3190 1.3159   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.3054 Scenario for this week It looks more likely that it would rise to 1.3555 - 1.3706 from 1.3361 or 1.3286. After which a downside move is expected. Key point 1.3227 Entry point 1.3408 Elliott 1.3587 Closing 1.3404 Projection 1.2889 Trendline 1.3364 Trendline 1.3400 Res 2 1.3706 Ex-High 1.3587 Res 1 1.3555 Pivot 1.3437 Sup 1 1.3286 Ex-Low 1.3319 Sup 2 1.3168 1.3585 1.3498 1.3216 1.3129   MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.3072 Scenario for this month Strength can extend to 1.3750 as declines are expected to find support at 1.3334. A fall below 1.3215 could turn it bearish. Key point 1.3484 Entry point 1.3612 Elliott 1.3693 Closing 1.3512 Projection 1.2926 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 1.3795 1.3639 1.3135 1.2979   Warning: Imminent end of bullish move - Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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