RTFX TraderTip >> CAD-JPY Analysis - Monday 08 February 2010

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RTFX TraderTip >> CAD-JPY Analysis - 8 Feb 2010 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 CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 82.7340 Scenario for today It should test 83.9100 area after which a sell off down to 82.6217 or extended to 81.7133 area is expected. Key point 83.7200 Entry point 83.3868 Elliott 86.1150 Closing 83.5300 Projection 82.4680 Trendline 84.4847 Trendline 82.4990 Res 2 85.0933 Ex-High 84.1850 Res 1 84.3117 Pivot 83.4033 Sup 1 82.6217 Ex-Low 82.4950 Sup 2 81.7133 85.6876 85.2077 83.6547 83.1748   Warning: Harami WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 82.3910 Scenario for this week No comment! Key point 82.8070 Entry point 84.4611 Elliott 86.1150 Closing 83.5300 Projection 82.3910 Trendline 84.5055 Trendline 84.5055 Res 2 87.7360 Ex-High 86.1150 Res 1 85.6330 Pivot 84.0120 Sup 1 81.9090 Ex-Low 82.3910 Sup 2 80.2880 86.1511 85.2880 82.4949 81.6318   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 86.5401 Scenario for this month It looks more likely that it would rise to 88.8067 - 93.1973 from 84.0400 or 81.8447. After which a downside move is expected. Key point 81.6040 Entry point 86.1150 Elliott 90.6260 Closing 84.4160 Projection 79.9300 Trendline 83.9972 Trendline 85.7090 Res 2 93.1973 Ex-High 90.6260 Res 1 88.8067 Pivot 86.2353 Sup 1 81.8447 Ex-Low 83.6640 Sup 2 79.2733 90.0215 88.3705 83.0275 81.3765   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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