RTFX TraderTip >> EUR-CAD Analysis - Monday 08 February 2010

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RTFX TraderTip >> EUR-CAD Analysis - 8 Feb 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 : extended impulse wave down 1.4551 Scenario for today Market should not go lower than 1.4607 - 1.4553. After this move down it should go up to 1.4697 - 1.4732 area. Key point 1.4610 Entry point 1.4680 Elliott 1.4840 Closing 1.4623 Projection 1.4492 Trendline 1.4740 Trendline 1.4738 Res 2 1.4842 Ex-High 1.4772 Res 1 1.4732 Pivot 1.4662 Sup 1 1.4553 Ex-Low 1.4592 Sup 2 1.4482 1.4807 1.4774 1.4666 1.4632   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.4491 Scenario for this week Market should not go lower than 1.4509. After this move down it should go up to 1.4761 - 1.4817 area. Key point 1.4500 Entry point 1.4683 Elliott 1.5033 Closing 1.4623 Projection 1.4448 Trendline 1.4899 Trendline 1.4765 Res 2 1.5012 Ex-High 1.4899 Res 1 1.4817 Pivot 1.4705 Sup 1 1.4510 Ex-Low 1.4592 Sup 2 1.4397 1.4870 1.4799 1.4569 1.4498   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 1.4567 Scenario for this month Structure is bearish to 1.4747 or 1.4633 limit but slowing momentum suggests a correction first to 1.4956 or 1.5278 zone. Key point 1.4710 Entry point 1.4655 Elliott 1.6011 Closing 1.4823 Projection 1.4269 Trendline 1.5273 Trendline 1.4228 Res 2 1.5278 Ex-High 1.5089 Res 1 1.5050 Pivot 1.4861 Sup 1 1.4633 Ex-Low 1.4672 Sup 2 1.4444 1.5106 1.4994 1.4632 1.4520   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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