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

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RTFX TraderTip >> USD-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 USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.0444 Scenario for today Difficult to predict the next move. If first down it should hold 1.0337 or 1.0319. If first up it should face resistance in 1.0382 - 1.0408 zone to 1.0319 zone. Key point 1.0395 Entry point 1.0350 Elliott 1.0257 Closing 1.0371 Projection 1.0475 Trendline 1.0324 Trendline 1.0327 Res 2 1.0444 Ex-High 1.0392 Res 1 1.0408 Pivot 1.0356 Sup 1 1.0319 Ex-Low 1.0303 Sup 2 1.0267 1.0419 1.0391 1.0302 1.0275   WEEKLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 1.0396 Scenario for this week While above 1.0353 - 1.0276 zone a corrective dip could test 1.0431 or 1.0515. Key point 1.0197 Entry point 1.0392 Elliott 1.0587 Closing 1.0360 Projection 1.0087 Trendline 1.0347 Trendline 1.0416 Res 2 1.0671 Ex-High 1.0587 Res 1 1.0515 Pivot 1.0431 Sup 1 1.0276 Ex-Low 1.0347 Sup 2 1.0191 1.0547 1.0489 1.0302 1.0244   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CAD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.0718 Scenario for this month It should try higher up to 1.0659 - 1.0832. Entry point 1.0485 or 1.0388. After this rise, a correction is expected. Key point 1.0375 Entry point 1.0287 Elliott 0.9930 Closing 1.0638 Projection 1.0781 Trendline 1.0214 Trendline 1.0243 Res 2 1.1027 Ex-High 1.0680 Res 1 1.0832 Pivot 1.0485 Sup 1 1.0291 Ex-Low 1.0138 Sup 2 0.9944 1.0828 1.0679 1.0198 1.0049   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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