RTFX TraderTip >> CAD-JPY Analysis - Thursday 18 February 2010

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RTFX TraderTip >> CAD-JPY Analysis - 18 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 : irregular flat correction up 87.54 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 87.84 or 87.65 if support around 86.93 hold. After which a pullback to 86.93 - 86.71 zone is possible. Key point 87.63 Entry point 86.98 Elliott 82.39 Closing 87.21 Projection 88.42 Trendline 86.32 Trendline 86.77 Res 2 88.09 Ex-High 87.37 Res 1 87.65 Pivot 86.93 Sup 1 86.49 Ex-Low 86.21 Sup 2 85.77 87.05 86.76 85.82 85.54   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 87.54 Scenario for this week It should trade higher to 86.81 while 84.19 or 83.58 offers support. Stop loss below 81.58 zone. Key point 88.30 Entry point 85.08 Elliott 82.39 Closing 85.57 Projection 88.42 Trendline 86.04 Trendline 85.96 Res 2 88.04 Ex-High 86.04 Res 1 86.81 Pivot 84.81 Sup 1 83.58 Ex-Low 82.81 Sup 2 81.58 87.48 86.70 84.18 83.40   Warning: Harami MONTHLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks more likely that it would rise to 88.81 from 84.04 or 81.84. After which a downside move is expected. Key point 84.11 Entry point 87.37 Elliott 90.63 Closing 84.42 Projection 79.93 Trendline 84.00 Trendline 85.71 Res 2 93.20 Ex-High 90.63 Res 1 88.81 Pivot 86.24 Sup 1 81.84 Ex-Low 83.66 Sup 2 79.27 90.84 89.00 83.03 81.19   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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