RTFX TraderTip >> EUR-JPY Analysis - Friday 20 November 2009

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RTFX TraderTip >> EUR-JPY Analysis - 20 Nov 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 : elongated flat correction down 131.6650 Scenario for today It may attempt a test higher to 133.2850 - 133.7967 after which weakness may set it to a drift down to 131.7767 limit. Key point 132.8400 Entry point 133.2961 Elliott 134.0200 Closing 132.8000 Projection 131.4797 Trendline 133.7698 Trendline 133.5200 Res 2 134.7933 Ex-High 133.7700 Res 1 133.7967 Pivot 132.7733 Sup 1 131.7767 Ex-Low 131.7500 Sup 2 130.7533 134.2228 133.8050 132.4530 132.0352   WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 131.3950 Scenario for this week It is a triangle configuration. Market should break either side. Acceleration should occur above 135.3800 or under 132.8500 limits. Key point 133.3000 Entry point 133.6500 Elliott 138.4900 Closing 133.7900 Projection 129.0300 Trendline 134.0875 Trendline 133.8250 Res 2 136.5367 Ex-High 135.3800 Res 1 135.1633 Pivot 134.0067 Sup 1 132.6333 Ex-Low 132.8500 Sup 2 131.4767 135.6510 134.8600 132.3000 131.5090   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 130.4112 Scenario for this month While above 130.8150 - 128.2567 zone a corrective upmove could test 135.5450 or 137.7167. After which it should resume its downtrend. Key point 132.9700 Entry point 135.7300 Elliott 138.4900 Closing 132.6000 Projection 129.0300 Trendline 133.2075 Trendline 133.2075 Res 2 142.8333 Ex-High 138.4900 Res 1 137.7167 Pivot 133.3733 Sup 1 128.2567 Ex-Low 129.0300 Sup 2 123.9133 139.3024 137.1100 130.0150 127.8226   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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