RTFX TraderTip >> EUR-JPY Analysis - Friday 17 April 2009

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RTFX TraderTip >> EUR-JPY Analysis - 17 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 : common flat correction up 132.0300 Scenario for today It should trade higher to 132.1633 or above 133.4267 in extention. Supports at 130.1350 and 130.7667. Stop loss below 129.5033 zone. Key point 131.1000 Entry point 130.2352 Elliott 129.3700 Closing 130.9000 Projection 132.0300 Trendline 130.7800 Trendline 130.7800 Res 2 133.4267 Ex-High 132.0300 Res 1 132.1633 Pivot 130.7667 Sup 1 129.5033 Ex-Low 129.3700 Sup 2 128.1067 133.4642 132.7510 130.4430 129.7298   Warning: End of trend - Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 129.1600 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 131.2500 Entry point 134.3300 Elliott 137.4100 Closing 132.1400 Projection 126.4100 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 137.6328 135.8700 130.1651 128.4023   MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 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 137.4850 Entry point 130.0467 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 139.1750 135.9599 125.5551 122.3400   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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