RTFX TraderTip >> EUR-JPY Analysis - Monday 20 April 2009

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RTFX TraderTip >> EUR-JPY Analysis - 20 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 : irregular flat correction down 128.2354 Scenario for today Market should meet resistance at 129.8533. We expect then an extended move down to 128.4732 - 127.5600 area. Key point 128.8362 Entry point 129.7830 Elliott 134.3300 Closing 129.2800 Projection 127.1946 Trendline 130.8765 Trendline 130.4900 Res 2 132.4733 Ex-High 131.4500 Res 1 130.8767 Pivot 129.8533 Sup 1 128.2567 Ex-Low 128.8300 Sup 2 127.2333 132.6352 131.9090 129.5590 128.8328   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Market should meet resistance at 130.8133. We expect then an extended move down to 128.0000 - 124.6800 area. Key point 126.9800 Entry point 130.0338 Elliott 137.4100 Closing 129.2800 Projection 126.4100 Trendline 134.3300 Trendline 131.2500 Res 2 136.3133 Ex-High 134.3300 Res 1 132.7967 Pivot 130.8133 Sup 1 127.2967 Ex-Low 128.8300 Sup 2 125.3133 133.7671 132.4925 128.3676 127.0930   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 128.2633 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 136.6750 Entry point 129.6867 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 139.2584 135.9599 125.2851 121.9866   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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