RTFX Tradertip >> EUR-JPY Analysis - Wednesday 08 April 2009

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RTFX TraderTip >> EUR-JPY Analysis - 8 Apr 2009 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 : correction zigzag 131.9100 Scenario for today Current fall is near an end of wave around 131.7198 - 132.0200 zone, a rally should then procede to above 134.4250 or 135.1633. Fall below 130.3167 would cancel this scenario. Key point 132.4637 Entry point 133.5642 Elliott 137.4100 Closing 133.2700 Projection 130.6120 Trendline 135.5797 Trendline 133.7500 Res 2 137.0567 Ex-High 135.5800 Res 1 135.1633 Pivot 133.6867 Sup 1 131.7933 Ex-Low 132.2100 Sup 2 130.3167 136.1832 135.3165 132.5115 131.6448   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 137.6042 Scenario for this week It should consolidate between 129.3533 and 138.1833. A break of one of these points would cause further bullish or bearish move. Key point 138.0100 Entry point 132.2102 Elliott 126.4100 Closing 135.2400 Projection 139.5158 Trendline 131.3801 Trendline 131.3801 Res 2 141.1267 Ex-High 135.2400 Res 1 138.1833 Pivot 132.2967 Sup 1 129.3533 Ex-Low 126.4100 Sup 2 123.4667 138.4926 136.3250 129.3101 127.1425   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 129.6467 Scenario for this month While below 136.5200 it is more likely to fall further towards 126.4400 or 123.7500. Premature rise above 136.5200 could see it rising above 141.9000 zone. Key point 138.2350 Entry point 130.3801 Elliott 112.0800 Closing 131.1400 Projection 142.7411 Trendline 120.1201 Trendline 130.3400 Res 2 141.9000 Ex-High 134.5100 Res 1 136.5200 Pivot 129.1300 Sup 1 123.7500 Ex-Low 121.7400 Sup 2 116.3600 139.0977 135.9599 125.8051 122.6673   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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