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

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RTFX TraderTip >> NZD-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 NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 61.72 Scenario for today It may attempt a test higher to 61.28 - 61.55 after which weakness may set it to a drift down to 60.68 limit. Key point 61.51 Entry point 60.99 Elliott 60.48 Closing 61.21 Projection 61.72 Trendline 61.34 Trendline 61.17 Res 2 61.88 Ex-High 61.35 Res 1 61.55 Pivot 61.01 Sup 1 60.68 Ex-Low 60.48 Sup 2 60.14 61.85 61.61 60.87 60.64   WEEKLY TECHNICAL ANALYSIS NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 60.30 Scenario for this week Support at 61.33 or 60.94 should hold. Then a correction to above 62.97 is anticipated. A clear break of 60.47 is again bearish. Key point 60.93 Entry point 61.83 Elliott 62.66 Closing 61.42 Projection 59.90 Trendline 61.25 Trendline 61.54 Res 2 62.97 Ex-High 62.50 Res 1 62.20 Pivot 61.72 Sup 1 60.94 Ex-Low 61.25 Sup 2 60.47 62.50 62.11 60.86 60.47   Warning: Harami MONTHLY TECHNICAL ANALYSIS NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 60.23 Scenario for this month It should trade lower to 60.05 or 56.80 in extension while 62.16 - 63.29 offer resistance. A break of 65.26 will damage this bearish view. Key point 62.14 Entry point 61.52 Elliott 69.37 Closing 61.33 Projection 58.67 Trendline 61.86 Trendline 62.27 Res 2 65.26 Ex-High 62.99 Res 1 63.29 Pivot 61.03 Sup 1 59.07 Ex-Low 58.77 Sup 2 56.80 63.82 62.83 59.62 58.63   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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