RTFX TraderTip >> USD-JPY Analysis - Wednesday 21 October 2009

[RTFX-Trading]

RTFX TraderTip >> USD-JPY Analysis - 21 Oct 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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 90.0750 Scenario for today If market stays below 90.9200 a fall to 90.2100 is expected. If market breaks the point 91.2000 it could reach the sky. Key point 90.9662 Entry point 90.9517 Elliott 91.3200 Closing 90.7700 Projection 90.3688 Trendline 90.9826 Trendline 91.0200 Res 2 91.6300 Ex-High 91.0700 Res 1 91.2000 Pivot 90.6400 Sup 1 90.2100 Ex-Low 90.0800 Sup 2 89.6500 91.3430 91.0615 90.1505 89.8690   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 91.4000 Scenario for this week It should consolidate between 89.3667 and 91.8567. A break of one of these points would cause further bullish or bearish move. Key point 91.3300 Entry point 90.1775 Elliott 88.0100 Closing 90.8800 Projection 92.5300 Trendline 88.8299 Trendline 89.6500 Res 2 92.8333 Ex-High 91.3200 Res 1 91.8567 Pivot 90.3433 Sup 1 89.3667 Ex-Low 88.8300 Sup 2 87.8533 91.7654 91.2200 89.4550 88.9096   MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 88.0073 Scenario for this month Current fall is near an end of wave around 87.4833 zone, a rally should then procede to above 92.6733. Fall below 85.2667 would cancel this scenario. Key point 88.0900 Entry point 89.6725 Elliott 97.7800 Closing 89.7000 Projection 88.0073 Trendline 93.4300 Trendline 89.0800 Res 2 95.6467 Ex-High 93.4300 Res 1 92.6733 Pivot 90.4567 Sup 1 87.4833 Ex-Low 88.2400 Sup 2 85.2667 93.6882 92.3750 88.1250 86.8118   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
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.