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

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RTFX TraderTip >> CAD-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 CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 79.85 Scenario for today It should test 80.11 area after which a sell off down to 78.92 or extended to 78.42 area is expected. Key point 79.76 Entry point 79.23 Elliott 78.69 Closing 79.42 Projection 79.85 Trendline 79.32 Trendline 78.93 Res 2 79.95 Ex-High 79.46 Res 1 79.69 Pivot 79.19 Sup 1 78.92 Ex-Low 78.69 Sup 2 78.42 80.42 80.15 79.29 79.02   Warning: End of trend WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 78.44 Scenario for this week Market should not go lower than 80.40 - 79.96. After this move down it should go up to 81.10 - 81.35 area. Key point 79.27 Entry point 80.52 Elliott 84.07 Closing 80.47 Projection 78.44 Trendline 81.52 Trendline 81.13 Res 2 82.24 Ex-High 81.73 Res 1 81.35 Pivot 80.84 Sup 1 79.96 Ex-Low 80.33 Sup 2 79.45 81.62 81.12 79.51 79.01   Warning: Harami MONTHLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 82.39 Scenario for this month There is bearish potential for a fall to 80.04 - 78.69 while 81.38 - 82.61 resist. After this fall a recovery up to 82.61 or 83.83 is expected. Key point 80.30 Entry point 81.32 Elliott 94.49 Closing 81.14 Projection 74.92 Trendline 82.69 Trendline 82.91 Res 2 86.52 Ex-High 84.07 Res 1 83.83 Pivot 81.38 Sup 1 78.69 Ex-Low 78.93 Sup 2 76.24 84.56 83.20 78.81 77.45   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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