RTFX TraderTip >> AUD-JPY Analysis - Thursday 21 October 2010

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RTFX TraderTip >> AUD-JPY Analysis - 21 Oct 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 AUD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 80.69 Scenario for today It may attempt a test higher to 80.11 - 80.58 after which weakness may set it to a drift down to below 79.10 limit. Key point 80.64 Entry point 79.67 Elliott 78.70 Closing 80.04 Projection 80.84 Trendline 80.30 Trendline 79.52 Res 2 81.12 Ex-High 80.18 Res 1 80.58 Pivot 79.64 Sup 1 79.10 Ex-Low 78.70 Sup 2 78.16 81.02 80.64 79.41 79.03   Warning: End of trend WEEKLY TECHNICAL ANALYSIS AUD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 78.44 Scenario for this week Structure is bearish for 79.91 but slowing momentum suggests a correction first to above 81.98. A fall below 79.28 will weaken this anticipated correction. Key point 80.35 Entry point 80.73 Elliott 81.82 Closing 80.54 Projection 78.44 Trendline 80.00 Trendline 80.26 Res 2 81.98 Ex-High 81.35 Res 1 81.26 Pivot 80.63 Sup 1 79.91 Ex-Low 80.00 Sup 2 79.28 81.63 81.09 79.35 78.81   Warning: Harami MONTHLY TECHNICAL ANALYSIS AUD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 81.88 Scenario for this month Current rise seems to be over near 81.10 or 83.15 for a retracement towards 79.04 - 77.85 area. Key point 82.47 Entry point 77.80 Elliott 71.89 Closing 80.77 Projection 81.88 Trendline 74.85 Trendline 76.29 Res 2 85.53 Ex-High 81.43 Res 1 83.15 Pivot 79.04 Sup 1 76.66 Ex-Low 74.93 Sup 2 72.55 83.10 81.62 76.82 75.34   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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