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

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RTFX TraderTip >> EUR-GBP 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-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 0.8801 Scenario for today If market stays below 0.8747 a fall to 0.8702 is expected. If market breaks the point 0.8768 it could reach the sky. Key point 0.8765 Entry point 0.8726 Elliott 0.8687 Closing 0.8742 Projection 0.8769 Trendline 0.8749 Trendline 0.8746 Res 2 0.8793 Ex-High 0.8753 Res 1 0.8768 Pivot 0.8727 Sup 1 0.8702 Ex-Low 0.8687 Sup 2 0.8662 0.8777 0.8760 0.8707 0.8691   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 0.8678 Scenario for this week It should trade lower to 0.8694. Resistances are at 0.8780 and 0.8818. A break of 0.8866 is bullish, confirmed by a close above 0.8774. Key point 0.8758 Entry point 0.8719 Elliott 0.9055 Closing 0.8742 Projection 0.8601 Trendline 0.8728 Trendline 0.8683 Res 2 0.8818 Ex-High 0.8769 Res 1 0.8780 Pivot 0.8732 Sup 1 0.8694 Ex-Low 0.8683 Sup 2 0.8646 0.8787 0.8767 0.8702 0.8682   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 0.8638 - 0.8508. After this move down it should go up to 0.8851 - 0.8934 area. Key point 0.8609 Entry point 0.8771 Elliott 0.9412 Closing 0.8674 Projection 0.8455 Trendline 0.8983 Trendline 0.8901 Res 2 0.9194 Ex-High 0.9028 Res 1 0.8934 Pivot 0.8768 Sup 1 0.8508 Ex-Low 0.8603 Sup 2 0.8343 0.8978 0.8899 0.8643 0.8564   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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