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

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RTFX TraderTip >> EUR-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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 135.5240 Scenario for today Support at 134.3550 or 133.6567 should hold the downside for a correction to above 135.9167 zone. Key point 133.6975 Entry point 134.7209 Elliott 137.8600 Closing 134.5200 Projection 131.7440 Trendline 136.4496 Trendline 135.0400 Res 2 137.3133 Ex-High 136.4500 Res 1 135.9167 Pivot 135.0533 Sup 1 133.6567 Ex-Low 134.1900 Sup 2 132.7934 137.4979 136.8150 134.6050 133.9221   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 132.8700 Scenario for this week There is bearish potential for a fall to 132.8634 while 135.7367 - 136.5650 resist. After this fall a recovery up to 136.5650 or 137.3934 is expected. Key point 132.6950 Entry point 136.3368 Elliott 138.7200 Closing 134.5200 Projection 131.4894 Trendline 138.6100 Trendline 138.5000 Res 2 140.2667 Ex-High 138.6100 Res 1 137.3934 Pivot 135.7367 Sup 1 132.8634 Ex-Low 134.0800 Sup 2 131.2067 138.1810 137.1312 133.7338 132.6840   MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 139.2200 Scenario for this month It should test 141.6200 area after which a sell off down to 128.9533 or extended to 123.0467 area is expected. Key point 141.1400 Entry point 134.0801 Elliott 127.0200 Closing 134.8600 Projection 139.2200 Trendline 136.8999 Trendline 134.5800 Res 2 142.8066 Ex-High 136.9000 Res 1 138.8333 Pivot 132.9267 Sup 1 128.9533 Ex-Low 127.0200 Sup 2 123.0467 140.0532 137.8099 130.5500 128.3067   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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