RTFX TraderTip >> CAD-JPY Analysis - Tuesday 27 April 2010

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RTFX TraderTip >> CAD-JPY Analysis - 27 Apr 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 : flat correction down 93.23 Scenario for today There are initial signs of a good corrective recovery towards 94.18 or even 94.30. Supports at 93.84 and 93.62 zone. Key point 93.58 Entry point 94.03 Elliott 94.49 Closing 93.86 Projection 93.23 Trendline 93.94 Trendline 94.56 Res 2 94.73 Ex-High 94.49 Res 1 94.30 Pivot 94.06 Sup 1 93.62 Ex-Low 93.82 Sup 2 93.38 94.33 94.06 93.20 92.93   WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 93.67 Scenario for this week It should consolidate between 91.33 and 95.51. A break of one of these points would cause further bullish or bearish move. Key point 97.66 Entry point 93.81 Elliott 89.97 Closing 94.10 Projection 96.98 Trendline 92.14 Trendline 92.14 Res 2 96.92 Ex-High 94.15 Res 1 95.51 Pivot 92.74 Sup 1 91.33 Ex-Low 89.97 Sup 2 88.57 95.07 94.32 91.89 91.14   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 94.74 Scenario for this month Current rise seems to be over near 92.10 or 94.65 for a retracement towards 89.55 - 88.25 area. Key point 95.50 Entry point 89.62 Elliott 82.39 Closing 92.06 Projection 95.72 Trendline 84.44 Trendline 86.50 Res 2 97.24 Ex-High 92.13 Res 1 94.65 Pivot 89.55 Sup 1 86.96 Ex-Low 84.44 Sup 2 81.86 95.19 93.31 87.21 85.33   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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