RTFX TraderTip >> EUR-CAD Analysis - Friday 30 July 2010

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RTFX TraderTip >> EUR-CAD Analysis - 30 Jul 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 : elongated flat correction up 1.3627 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3589 or 1.3613 if support around 1.3533 hold. After which a pullback to 1.3533 - 1.3508 zone is possible. Key point 1.3608 Entry point 1.3529 Elliott 1.3309 Closing 1.3563 Projection 1.3627 Trendline 1.3449 Trendline 1.3519 Res 2 1.3663 Ex-High 1.3583 Res 1 1.3613 Pivot 1.3533 Sup 1 1.3483 Ex-Low 1.3454 Sup 2 1.3404 1.3556 1.3522 1.3411 1.3377   WEEKLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.3607 Scenario for this week It looks more likely that it would rise to 1.3627 - 1.3872 from 1.3324 or 1.3202. After which a downside move is expected. Key point 1.3533 Entry point 1.3480 Elliott 1.2952 Closing 1.3381 Projection 1.3719 Trendline 1.3268 Trendline 1.3584 Res 2 1.3872 Ex-High 1.3693 Res 1 1.3627 Pivot 1.3447 Sup 1 1.3202 Ex-Low 1.3268 Sup 2 1.3022 1.3741 1.3638 1.3304 1.3201   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should hold major support at 1.2258 before rising towards 1.3228 or even 1.3439 limit. Key point 1.3452 Entry point 1.2952 Elliott 1.2452 Closing 1.3017 Projection 1.3812 Trendline 1.2924 Trendline 1.2643 Res 2 1.3439 Ex-High 1.3051 Res 1 1.3228 Pivot 1.2840 Sup 1 1.2629 Ex-Low 1.2452 Sup 2 1.2241 1.3579 1.3372 1.2702 1.2495   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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