RTFX TraderTip >> USD-JPY Analysis - Friday 30 April 2010

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RTFX TraderTip >> USD-JPY Analysis - 30 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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 94.36 Scenario for today Decline should be supported around 93.84 - 93.64 zone for rally to above 94.24. A clear break of 93.64 will damage this expected rally. Key point 94.40 Entry point 94.25 Elliott 92.82 Closing 94.03 Projection 94.36 Trendline 93.73 Trendline 94.72 Res 2 94.46 Ex-High 94.26 Res 1 94.24 Pivot 94.05 Sup 1 93.84 Ex-Low 93.86 Sup 2 93.64 94.45 94.22 93.50 93.28   Warning: Harami WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 94.79 Scenario for this week It should trade higher to 95.04 while 93.32 or 92.81 offers support. Stop loss below 92.31 zone. Key point 94.04 Entry point 92.82 Elliott 91.60 Closing 94.03 Projection 94.79 Trendline 92.88 Trendline 92.88 Res 2 96.05 Ex-High 94.32 Res 1 95.04 Pivot 93.32 Sup 1 92.31 Ex-Low 91.60 Sup 2 90.59 95.00 94.34 92.21 91.55   Warning: End of trend - Engulfing pattern MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 95.10 Scenario for this month If market stays below 93.55 a fall to 90.80 is expected. If market breaks the point 95.35 it could reach the sky. Key point 95.05 Entry point 91.59 Elliott 88.14 Closing 93.46 Projection 97.25 Trendline 90.62 Trendline 90.62 Res 2 97.23 Ex-High 93.63 Res 1 95.35 Pivot 91.74 Sup 1 89.86 Ex-Low 88.14 Sup 2 86.25 95.55 94.21 89.87 88.53   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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