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

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RTFX TraderTip >> CAD-JPY Analysis - 8 Mar 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 : extended impulse wave up 88.41 Scenario for today While below 87.94 - 88.51 it is more likely to fall further towards 86.97 or 86.55. Premature rise above 88.51 could see it rising above 89.34 zone. Key point 88.12 Entry point 87.43 Elliott 85.30 Closing 87.67 Projection 89.05 Trendline 86.26 Trendline 87.22 Res 2 89.34 Ex-High 88.22 Res 1 88.51 Pivot 87.38 Sup 1 86.55 Ex-Low 86.26 Sup 2 85.42 87.54 87.16 85.93 85.55   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 86.44 Scenario for this week It should trade higher to 89.11 while 86.06 or 85.34 offers support. Stop loss below 83.00 zone. Key point 89.01 Entry point 86.79 Elliott 83.18 Closing 87.67 Projection 91.72 Trendline 88.22 Trendline 87.99 Res 2 90.55 Ex-High 88.22 Res 1 89.11 Pivot 86.78 Sup 1 85.34 Ex-Low 84.44 Sup 2 83.00 89.29 88.42 85.59 84.72   Warning: Low Zone - Harami MONTHLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month No comment! Key point 87.99 Entry point 87.19 Elliott 90.63 Closing 84.41 Projection 84.02 Trendline 88.45 Trendline 86.28 Res 2 91.15 Ex-High 88.46 Res 1 87.78 Pivot 85.08 Sup 1 81.71 Ex-Low 82.39 Sup 2 79.02 89.86 88.34 83.42 81.90   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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