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

[RTFX-Trading]

RTFX TraderTip >> USD-CHF 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-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.0337 Scenario for today Market should not go lower than 1.0310. After this move down it should go up to 1.0495 - 1.0535 area. Key point 1.0378 Entry point 1.0481 Elliott 1.0640 Closing 1.0408 Projection 1.0243 Trendline 1.0584 Trendline 1.0539 Res 2 1.0661 Ex-High 1.0581 Res 1 1.0535 Pivot 1.0455 Sup 1 1.0328 Ex-Low 1.0374 Sup 2 1.0248 1.0612 1.0572 1.0442 1.0402   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.0374 Scenario for this week Market should hold major support at 1.0419 before rising towards 1.0601 or even 1.0667 limit. Key point 1.0493 Entry point 1.0493 Elliott 1.0640 Closing 1.0536 Projection 1.0210 Trendline 1.0461 Trendline 1.0379 Res 2 1.0667 Ex-High 1.0564 Res 1 1.0601 Pivot 1.0498 Sup 1 1.0432 Ex-Low 1.0395 Sup 2 1.0329 1.0669 1.0602 1.0384 1.0317   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-CHF         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current move should be supported in 1.0764 - 1.0441 zone for a rise to 1.2066. A break below 1.0107 opens the way down. Key point 0.9847 Entry point 1.0790 Elliott 1.1732 Closing 1.0775 Projection 0.9634 Trendline 1.0905 Trendline 1.0911 Res 2 1.2066 Ex-High 1.1732 Res 1 1.1420 Pivot 1.1086 Sup 1 1.0441 Ex-Low 1.0753 Sup 2 1.0107 1.1477 1.1261 1.0563 1.0347   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 Square Mosta, MST 1180 Malta
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.