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

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RTFX TraderTip >> USD-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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 99.4222 Scenario for today There is bearish potential for a fall to 99.7467 while 100.2333 - 100.4100 resist. After this fall a recovery up to 100.4100 or 100.5867 is expected. Key point 100.1050 Entry point 100.4125 Elliott 100.7200 Closing 100.1000 Projection 99.8548 Trendline 100.7201 Trendline 100.7200 Res 2 101.0733 Ex-High 100.7200 Res 1 100.5867 Pivot 100.2333 Sup 1 99.7467 Ex-Low 99.8800 Sup 2 99.3933 100.9007 100.6380 99.7880 99.5254   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 101.1290 Scenario for this week While below 101.3867 it is more likely to fall further towards 99.8100 or 99.2667. Premature rise above 101.3867 could see it rising above 102.4733 zone. Key point 101.8400 Entry point 101.1150 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 101.5373 101.0800 99.6000 99.1427   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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