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

RTFX TraderTip >> USD-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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.0276 Scenario for today It may meet resistance in 1.0337 - 1.0345 zone for a drift down to 1.0295 zone, after which bounce to 1.0387 is anticipated. Key point 1.0326 Entry point 1.0312 Elliott 1.0509 Closing 1.0337 Projection 1.0236 Trendline 1.0395 Trendline 1.0280 Res 2 1.0438 Ex-High 1.0395 Res 1 1.0387 Pivot 1.0345 Sup 1 1.0295 Ex-Low 1.0302 Sup 2 1.0252 1.0461 1.0430 1.0330 1.0300   WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0279 Scenario for this week It looks more likely that it would rise to 1.0583 - 1.0771 from 1.0391 or 1.0297. After which a downside move is expected. Key point 1.0346 Entry point 1.0509 Elliott 1.0673 Closing 1.0395 Projection 1.0248 Trendline 1.0543 Trendline 1.0543 Res 2 1.0771 Ex-High 1.0673 Res 1 1.0583 Pivot 1.0485 Sup 1 1.0297 Ex-Low 1.0387 Sup 2 1.0199 1.0667 1.0591 1.0344 1.0268   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0283 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 1.0647 Entry point 1.0618 Elliott 1.0854 Closing 1.0656 Projection 1.0283 Trendline 1.0616 Trendline 1.0668 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 1.0807 1.0665 1.0205 1.0063   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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