RTFX TraderTip >> EUR-JPY Analysis - Tuesday 14 April 2009

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RTFX TraderTip >> EUR-JPY Analysis - 14 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 : zigzag or flat correction 134.9461 Scenario for today Current rise seems to be over near 133.9150 or 134.6733 for a retracement towards 133.1567 - 132.7200 area. Key point 134.7650 Entry point 132.7867 Elliott 130.9600 Closing 133.8000 Projection 134.9461 Trendline 131.8068 Trendline 131.8667 Res 2 135.5467 Ex-High 134.0300 Res 1 134.6733 Pivot 133.1567 Sup 1 132.2833 Ex-Low 131.6400 Sup 2 130.7667 134.1615 133.6155 131.8485 131.3025   WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 134.5100 Scenario for this week It looks more likely that it would rise to above 134.7750 or 136.0467 from 131.5500 or 129.5967. After which a downside move to below 127.0533 is expected. Key point 134.2550 Entry point 133.7452 Elliott 126.4100 Closing 132.1400 Projection 134.5100 Trendline 130.9602 Trendline 135.5100 Res 2 139.9533 Ex-High 137.4100 Res 1 136.0467 Pivot 133.5033 Sup 1 129.5967 Ex-Low 130.9600 Sup 2 127.0533 137.0858 135.7200 131.3001 129.9343   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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