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

[RTFX-Trading]

RTFX TraderTip >> EUR-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 EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.4775 Scenario for today It should test 1.4781 area after which a sell off down to 1.4612 or extended to 1.4543 area is expected. Key point 1.4732 Entry point 1.4655 Elliott 1.4579 Closing 1.4682 Projection 1.4741 Trendline 1.4692 Trendline 1.4600 Res 2 1.4755 Ex-High 1.4686 Res 1 1.4719 Pivot 1.4649 Sup 1 1.4612 Ex-Low 1.4579 Sup 2 1.4543 1.4789 1.4756 1.4652 1.4619   WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.4534 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 1.4512 Entry point 1.4672 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 1.4857 1.4793 1.4586 1.4522   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 1.4375 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 1.5108 1.4994 1.4626 1.4512   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.