RTFX TraderTip >> NZD-JPY Analysis - Monday 17 August 2009

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RTFX TraderTip >> NZD-JPY Analysis - 17 Aug 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 NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 63.5575 Scenario for today There is bearish potential for a fall to 63.5167 while 64.4333 - 64.7400 resist. After this fall a recovery up to 64.7400 or 65.0467 is expected. Key point 63.6750 Entry point 64.6169 Elliott 65.5600 Closing 64.1300 Projection 62.8900 Trendline 65.3500 Trendline 65.1400 Res 2 65.9633 Ex-High 65.3500 Res 1 65.0467 Pivot 64.4333 Sup 1 63.5167 Ex-Low 63.8200 Sup 2 62.9033 65.7288 65.2545 63.7195 63.2452   WEEKLY TECHNICAL ANALYSIS NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week While above 63.5100 - 62.7033 zone a corrective upmove could test 65.0300 or 65.7433. After which it should resume its downtrend. Key point 64.6580 Entry point 64.1683 Elliott 56.9000 Closing 64.1300 Projection 66.7374 Trendline 63.8119 Trendline 64.3800 Res 2 67.3567 Ex-High 65.9300 Res 1 65.7433 Pivot 64.3167 Sup 1 62.7033 Ex-Low 62.8900 Sup 2 61.2767 66.1147 65.4101 63.1299 62.4253   Warning: End of trend MONTHLY TECHNICAL ANALYSIS NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It should trade higher to above 64.8600 while 59.7700 - 58.6600 offer support. Stop Loss below 54.6800 zone. Key point 67.9600 Entry point 62.4300 Elliott 56.9000 Closing 62.6400 Projection 67.4008 Trendline 63.0999 Trendline 62.8100 Res 2 67.0800 Ex-High 63.1000 Res 1 64.8600 Pivot 60.8800 Sup 1 58.6600 Ex-Low 56.9000 Sup 2 54.6800 66.0136 64.5150 59.6650 58.1664   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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