RTFX TraderTip >> CAD-JPY Analysis - Tuesday 27 July 2010

[RTFX-Trading]

RTFX TraderTip >> CAD-JPY Analysis - 27 Jul 2010 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 CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 84.68 Scenario for today It looks more likely that it would rise to 84.69 - 85.22 from 83.97 or 83.71. After which a downside move is expected. Key point 84.47 Entry point 84.38 Elliott 82.27 Closing 84.17 Projection 85.43 Trendline 84.28 Trendline 84.54 Res 2 85.22 Ex-High 84.77 Res 1 84.69 Pivot 84.24 Sup 1 83.71 Ex-Low 83.78 Sup 2 83.25 84.74 84.38 83.24 82.89   WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 83.53 Scenario for this week It should test 86.81 area after which a sell off down to 82.58 or extended to 80.84 area is expected. Key point 85.80 Entry point 83.30 Elliott 81.72 Closing 84.32 Projection 86.46 Trendline 84.42 Trendline 82.39 Res 2 86.16 Ex-High 84.42 Res 1 85.24 Pivot 83.50 Sup 1 82.58 Ex-Low 81.76 Sup 2 80.84 85.15 84.59 82.77 82.21   Warning: Harami MONTHLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 83.06 - 80.73. After this move down it should go up to 86.58 - 87.78 area. Key point 83.78 Entry point 86.17 Elliott 94.49 Closing 83.13 Projection 74.92 Trendline 90.74 Trendline 86.15 Res 2 92.44 Ex-High 90.04 Res 1 87.78 Pivot 85.39 Sup 1 80.73 Ex-Low 82.99 Sup 2 78.33 90.09 88.25 82.30 80.46   Warning: Imminent end of bearish move - Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.