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

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RTFX TraderTip >> USD-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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.0829 Scenario for today Difficult to predict the next move. If first down it should hold 1.0708 or 1.0691. If first up it should face resistance in 1.0758 - 1.0792 zone to 1.0691 zone. Key point 1.0808 Entry point 1.0732 Elliott 1.0546 Closing 1.0758 Projection 1.0829 Trendline 1.0686 Trendline 1.0695 Res 2 1.0825 Ex-High 1.0758 Res 1 1.0792 Pivot 1.0725 Sup 1 1.0691 Ex-Low 1.0658 Sup 2 1.0624 1.0775 1.0742 1.0636 1.0603   Warning: Harami WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat support in correction up 1.0616 Scenario for this week Currently uptrend should end around 1.0741 - 1.0805 area. A correction down to below 1.0571 is expected. A rise above 1.0910 will abort the expected correction. Key point 1.0794 Entry point 1.0696 Elliott 1.0225 Closing 1.0701 Projection 1.1069 Trendline 1.0645 Trendline 1.0695 Res 2 1.0910 Ex-High 1.0781 Res 1 1.0805 Pivot 1.0676 Sup 1 1.0571 Ex-Low 1.0546 Sup 2 1.0442 1.0821 1.0769 1.0602 1.0550   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.0786 Scenario for this month It should trade higher to 1.0849 or above 1.1007 in extention. Supports at 1.0458 and 1.0379. Stop loss below 1.0067 zone. Key point 1.0868 Entry point 1.0431 Elliott 1.0207 Closing 1.0691 Projection 1.0786 Trendline 1.0486 Trendline 1.0458 Res 2 1.1007 Ex-High 1.0695 Res 1 1.0849 Pivot 1.0537 Sup 1 1.0379 Ex-Low 1.0225 Sup 2 1.0067 1.0847 1.0738 1.0386 1.0277   Warning: Low Zone Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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