RTFX TraderTip >> NZD-JPY Analysis - Monday 26 October 2009

[RTFX-Trading]

RTFX TraderTip >> NZD-JPY Analysis - 26 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 NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today While below 69.7733 it is more likely to fall further towards 69.4167 or 69.2450 level. Key point 69.7500 Entry point 69.4905 Elliott 64.8300 Closing 69.4300 Projection 75.5927 Trendline 69.0389 Trendline 69.7500 Res 2 70.1167 Ex-High 69.7600 Res 1 69.7733 Pivot 69.4167 Sup 1 69.0733 Ex-Low 69.0600 Sup 2 68.7167 69.6652 69.3710 68.4190 68.1248   Warning: End of trend WEEKLY TECHNICAL ANALYSIS NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in an impulse wave up 68.4418 Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 71.1666 or 70.4500 if support around 68.7400 hold. After which a pullback to 68.7400 - 68.2300 zone is possible. Key point 70.4650 Entry point 69.0934 Elliott 63.0700 Closing 69.4300 Projection 70.4935 Trendline 67.2699 Trendline 68.6500 Res 2 71.4700 Ex-High 69.7600 Res 1 70.4500 Pivot 68.7400 Sup 1 67.7200 Ex-Low 67.0300 Sup 2 66.0100 70.5690 69.9363 67.8887 67.2560   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Currently uptrend should end around 65.6400 - 66.9467 area. A correction down to below 62.2767 is expected. A rise above 69.0033 will abort the expected correction. Key point 65.1267 Entry point 64.2267 Elliott 56.9000 Closing 64.8900 Projection 71.5105 Trendline 64.1175 Trendline 64.1175 Res 2 69.0033 Ex-High 66.3900 Res 1 66.9467 Pivot 64.3333 Sup 1 62.2767 Ex-Low 61.7200 Sup 2 59.6633 69.8301 68.0750 62.3950 60.6399   Warning: Engulfing pattern 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.