RTFX TraderTip >> GBP-CAD Analysis - Tuesday 09 February 2010

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RTFX TraderTip >> GBP-CAD Analysis - 9 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 GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.6875 Scenario for today It should try higher up to 1.6769 - 1.6818. Entry point 1.6721 or 1.6694. After this rise, a correction is expected. Key point 1.6831 Entry point 1.6727 Elliott 1.6624 Closing 1.6765 Projection 1.6831 Trendline 1.6823 Trendline 1.6712 Res 2 1.6871 Ex-High 1.6774 Res 1 1.6818 Pivot 1.6721 Sup 1 1.6668 Ex-Low 1.6624 Sup 2 1.6570 1.6927 1.6883 1.6743 1.6700   WEEKLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.6846 Scenario for this week Market should not go lower than 1.6709 - 1.6582. After this move down it should go up to 1.6908 - 1.6980 area. Key point 1.6516 Entry point 1.6753 Elliott 1.7289 Closing 1.6726 Projection 1.6403 Trendline 1.7089 Trendline 1.6889 Res 2 1.7234 Ex-High 1.7089 Res 1 1.6980 Pivot 1.6836 Sup 1 1.6582 Ex-Low 1.6691 Sup 2 1.6437 1.7017 1.6932 1.6657 1.6572   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS GBP-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It should test 1.7465 area after which a sell off down to 1.6564 or extended to 1.6041 area is expected. Key point 1.6845 Entry point 1.6954 Elliott 1.7896 Closing 1.7088 Projection 1.6237 Trendline 1.7203 Trendline 1.7000 Res 2 1.7813 Ex-High 1.7289 Res 1 1.7451 Pivot 1.6927 Sup 1 1.6564 Ex-Low 1.6403 Sup 2 1.6041 1.7398 1.7189 1.6513 1.6304   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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