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RTFX TraderTip

RTFX TraderTip is a forex report created by our Nostromo system, which presents all the technical indicators (resistance, support, channels, moving average, oscillator, projection, objectives, cycle, overbought or oversold area, etc…). It is generated for the following selected currencies pairs.

Nostromo will generate a daily, weekly and monthly commentary, giving the key entry and exit points as well as the risky points.

13 February 2012 (Updated 10/2/2012 23:00 CET)RTFX TraderTip: GBP – USD Monthly Technical Analysis

Scenario for the month
Elliott: crucial reversal point
It should trade higher to 1.5959 or above 1.6158 in extention. Supports at 1.5497 and 1.5397. Stop loss below 1.5035 zone.
Warning: End of trend - Engulfing pattern
Technical points
Key point1.6179
Entry point1.5707
Elliott1.5235
Closing1.5759
Projection1.6090
Trendline1.5542
Trendline1.5542
Supports / Resistances
Res 21.6158
Ex-High1.5796
Res 11.5959
Pivot1.5597
Sup 11.5397
Ex-Low1.5235
Sup 21.5035
Channels & Oscillator
Disclaimer

RTFX Ltd (“RTFX”) 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 at the time of preparation. They are thus subject to change without notice. RTFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX or any director, officer or employee.

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