RTFX TraderTip >> USD-JPY Analysis - Tuesday 05 May 2009

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RTFX TraderTip >> USD-JPY Analysis - 5 May 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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for today While below 99.0333 or 99.1850 it could fall towards below 98.4967 or 98.1933. After which a corrective/consolidation activity is expected. Key point 98.7300 Entry point 99.1501 Elliott 99.5700 Closing 98.8000 Projection 98.0611 Trendline 99.3762 Trendline 99.5200 Res 2 99.8733 Ex-High 99.5700 Res 1 99.3367 Pivot 99.0333 Sup 1 98.4967 Ex-Low 98.7300 Sup 2 98.1933 99.3689 99.0160 97.8740 97.5211   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 99.5700 Scenario for this week It should trade higher to 100.6800 or above 102.1000 in extention. Supports at 97.4400 and 98.1500. Stop loss below 96.7300 zone. Key point 101.8400 Entry point 98.7299 Elliott 95.6200 Closing 99.2600 Projection 102.0111 Trendline 97.8100 Trendline 97.8100 Res 2 102.1000 Ex-High 99.5700 Res 1 100.6800 Pivot 98.1500 Sup 1 96.7300 Ex-Low 95.6200 Sup 2 94.2000 100.3101 99.5700 97.1750 96.4350   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current upmove should continue up to 101.5067 or 104.3833. Any correction should find support in 98.5633 - 97.1250 zone. A break above 98.9033 could accelerate the move up. Key point 101.8300 Entry point 99.5600 Elliott 87.1100 Closing 98.6300 Projection 101.6639 Trendline 97.0700 Trendline 99.1350 Res 2 104.3833 Ex-High 101.4400 Res 1 101.5067 Pivot 98.5633 Sup 1 95.6867 Ex-Low 95.6200 Sup 2 92.7433 101.5664 100.5050 97.0700 96.0086   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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