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

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RTFX TraderTip >> GBP-USD 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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave up 1.5659 Scenario for today It looks more likely that it would rise to 1.5657 - 1.5701 from 1.5597 or 1.5575. After which a downside move is expected. Key point 1.5666 Entry point 1.5653 Elliott 1.5124 Closing 1.5613 Projection 1.5769 Trendline 1.5636 Trendline 1.5667 Res 2 1.5701 Ex-High 1.5663 Res 1 1.5657 Pivot 1.5619 Sup 1 1.5575 Ex-Low 1.5581 Sup 2 1.5537 1.5641 1.5611 1.5514 1.5485   Warning: End of trend WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.5734 Scenario for this week Current rise seems to be over near 1.5436 or 1.5540 for a retracement towards 1.5332 - 1.5273 area. Key point 1.5696 Entry point 1.5427 Elliott 1.4949 Closing 1.5423 Projection 1.5796 Trendline 1.5124 Trendline 1.5300 Res 2 1.5657 Ex-High 1.5449 Res 1 1.5540 Pivot 1.5332 Sup 1 1.5215 Ex-Low 1.5124 Sup 2 1.5007 1.5645 1.5556 1.5267 1.5178   Warning: Harami MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It should trade higher to above 1.5268 while 1.4647 - 1.4486 offer support. Stop Loss below 1.4025 zone. Key point 1.5400 Entry point 1.4801 Elliott 1.4229 Closing 1.4946 Projection 1.6323 Trendline 1.5077 Trendline 1.4935 Res 2 1.5589 Ex-High 1.5129 Res 1 1.5268 Pivot 1.4807 Sup 1 1.4486 Ex-Low 1.4347 Sup 2 1.4025 1.5639 1.5396 1.4610 1.4367   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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