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

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RTFX TraderTip >> EUR-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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 113.98 Scenario for today If market stays below 113.31 a fall to 112.07 is expected. If market breaks the point 113.89 it could reach the sky. Key point 114.00 Entry point 112.78 Elliott 111.56 Closing 113.23 Projection 114.79 Trendline 113.21 Trendline 113.03 Res 2 114.54 Ex-High 113.38 Res 1 113.89 Pivot 112.73 Sup 1 112.07 Ex-Low 111.56 Sup 2 110.91 114.31 113.87 112.42 111.98   WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week One more dip to 113.32 - 112.83 is likely followed by a grind higher to 114.29 - 114.77. After which it can resume its downtrend. Key point 112.92 Entry point 113.63 Elliott 115.68 Closing 113.79 Projection 109.57 Trendline 114.78 Trendline 113.89 Res 2 115.75 Ex-High 114.79 Res 1 114.77 Pivot 113.81 Sup 1 112.83 Ex-Low 112.85 Sup 2 111.87 114.96 114.31 112.20 111.55   MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 111.19 Scenario for this month It should trade higher to 116.81 while 111.30 or 109.84 offers support. Stop loss below 108.38 zone. Key point 117.32 Entry point 110.30 Elliott 105.44 Closing 113.89 Projection 120.49 Trendline 105.80 Trendline 106.16 Res 2 119.73 Ex-High 114.22 Res 1 116.81 Pivot 111.30 Sup 1 108.38 Ex-Low 105.80 Sup 2 102.88 116.89 114.95 108.68 106.74   Warning: Low Zone Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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