RTFX TraderTip >> CAD-JPY Analysis - Tuesday 23 February 2010

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RTFX TraderTip >> CAD-JPY Analysis - 23 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 : crucial reversal point Scenario for today Support at 87.29 or 86.91 should hold. Then a correction to above 88.94 is anticipated. A clear break of 86.42 is again bearish. Key point 86.95 Entry point 87.70 Elliott 88.46 Closing 87.39 Projection 86.30 Trendline 87.58 Trendline 87.68 Res 2 88.94 Ex-High 88.46 Res 1 88.16 Pivot 87.68 Sup 1 86.91 Ex-Low 87.20 Sup 2 86.42 88.29 87.95 86.83 86.49   WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 86.99 Scenario for this week Corrective dip to 86.31 is favored while below 89.08 . Stop Loss above 90.08 limit. Key point 89.39 Entry point 87.70 Elliott 82.39 Closing 88.07 Projection 90.72 Trendline 85.08 Trendline 88.30 Res 2 90.08 Ex-High 88.32 Res 1 89.08 Pivot 87.32 Sup 1 86.31 Ex-Low 85.56 Sup 2 84.55 89.01 88.39 86.38 85.76   Warning: Imminent end of bullish move 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 86.28 Entry point 88.45 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 91.55 89.54 83.03 81.02   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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