RTFX TraderTip >> USD-JPY Analysis - Monday 13 April 2009

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RTFX TraderTip >> USD-JPY Analysis - 13 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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 99.8548 Scenario for today Decline should be supported around 100.1067 - 99.9133 zone for rally to above 100.9133. A clear break of 99.9133 will damage this expected rally. Key point 100.1300 Entry point 100.4251 Elliott 100.7200 Closing 100.3000 Projection 99.8548 Trendline 100.2274 Trendline 100.8100 Res 2 100.9133 Ex-High 100.7200 Res 1 100.6067 Pivot 100.4133 Sup 1 100.1067 Ex-Low 100.2200 Sup 2 99.9133 101.0132 100.7370 99.8430 99.5668   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 101.1290 Scenario for this week Resistances lie around 100.8700 and 102.4733. It should test lower towards 99.2667 zone. A clear break of 100.1400 would be bearish. Key point 101.6750 Entry point 101.0462 Elliott 93.5400 Closing 100.3000 Projection 103.4745 Trendline 99.0066 Trendline 102.6800 Res 2 102.4733 Ex-High 101.4400 Res 1 101.3867 Pivot 100.3533 Sup 1 99.2667 Ex-Low 99.3200 Sup 2 98.2333 101.6263 101.1350 99.5450 99.0537   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 101.6639 Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 101.2634 or 103.5367 if support around 97.3967 hold. After which a pullback to 97.3967 - 96.2550 zone is possible. Key point 103.0350 Entry point 98.8033 Elliott 87.1100 Closing 98.9700 Projection 101.6639 Trendline 93.0425 Trendline 98.4900 Res 2 103.5367 Ex-High 99.6800 Res 1 101.2533 Pivot 97.3967 Sup 1 95.1133 Ex-Low 93.5400 Sup 2 91.2567 102.0061 100.5600 95.8800 94.4339   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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