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

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RTFX TraderTip >> EUR-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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 124.95 Scenario for today While below 124.51 - 124.87 it is more likely to fall further towards 123.79 or 123.44. Premature rise above 124.87 could see it rising above 125.58 zone. Key point 124.56 Entry point 124.16 Elliott 121.42 Closing 124.17 Projection 126.04 Trendline 123.35 Trendline 124.51 Res 2 125.58 Ex-High 124.85 Res 1 124.87 Pivot 124.14 Sup 1 123.44 Ex-Low 123.41 Sup 2 122.71 124.38 123.97 122.64 122.23   WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Structure is bearish to 121.98 or 121.22 limit but slowing momentum suggests a correction first to 123.41 or 125.60 zone. Key point 123.09 Entry point 122.40 Elliott 120.70 Closing 122.55 Projection 125.93 Trendline 123.44 Trendline 121.57 Res 2 125.60 Ex-High 124.28 Res 1 124.07 Pivot 122.75 Sup 1 121.22 Ex-Low 121.42 Sup 2 119.89 125.40 124.56 121.84 121.00   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 127.02 Scenario for this month There is bearish potential for a fall to 124.97 - 121.84 while 128.11 - 129.75 resist. After this fall a recovery up to 129.75 or 131.40 is expected. Key point 125.02 Entry point 129.34 Elliott 138.72 Closing 125.13 Projection 119.79 Trendline 133.61 Trendline 134.21 Res 2 137.67 Ex-High 134.38 Res 1 131.40 Pivot 128.11 Sup 1 121.84 Ex-Low 124.82 Sup 2 118.55 133.13 130.68 122.76 120.31   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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