RTFX TraderTip >> EUR-JPY Analysis - Thursday 16 July 2009

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RTFX TraderTip >> EUR-JPY Analysis - 16 Jul 2009 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-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 131.9600 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 134.4534 or 134.0733 if support around 132.2667 hold. After which a pullback to 132.2667 - 131.7000 zone is possible. Key point 133.9500 Entry point 132.0513 Elliott 127.0200 Closing 132.9400 Projection 136.9000 Trendline 130.4821 Trendline 131.6950 Res 2 135.2066 Ex-High 133.4000 Res 1 134.0733 Pivot 132.2667 Sup 1 131.1333 Ex-Low 130.4600 Sup 2 129.3267 132.4507 131.7690 129.5630 128.8813   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 133.5195 Scenario for this week Current fall is near an end of wave around 125.9167 zone, a rally should then procede to above 132.9867. Fall below 122.9333 would cancel this scenario. Key point 132.7100 Entry point 132.1675 Elliott 136.9000 Closing 128.9000 Projection 124.6691 Trendline 134.0900 Trendline 131.2800 Res 2 137.0733 Ex-High 134.0900 Res 1 132.9867 Pivot 130.0033 Sup 1 125.9167 Ex-Low 127.0200 Sup 2 122.9333 135.6731 133.7450 127.5051 125.5770   Warning: Low Zone - Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month While below 135.2100 or 135.2867 it could fall towards below 131.3533 or 127.4967. After which a corrective/consolidation activity is expected to 137.2150 zone. Key point 134.5800 Entry point 136.8999 Elliott 139.2200 Closing 135.2100 Projection 122.4475 Trendline 132.6241 Trendline 136.0025 Res 2 143.0767 Ex-High 139.2200 Res 1 139.1433 Pivot 135.2867 Sup 1 131.3533 Ex-Low 131.4300 Sup 2 127.4967 140.7900 138.0600 129.2250 126.4950   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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