Thread: RTFX TraderTip >> USD-JPY Analysis - Monday 04 May 2009

RTFX TraderTip >> USD-JPY Analysis - 4 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 : common flat correction up 99.7400 Scenario for today One move lower to 98.6633 or 98.0667 is anticipated while below 99.4150 - 99.7133 area. Stop loss above 100.1667 zone. Key point 99.9212 Entry point 99.5434 Elliott 95.6200 Closing 99.2600 Projection 99.7400 Trendline 98.5733 Trendline 99.8900 Res 2 100.1667 Ex-High 99.5700 Res 1 99.7133 Pivot 99.1167 Sup 1 98.6633 Ex-Low 98.5200 Sup 2 98.0667 98.9396 98.5605 97.3335 96.9544   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 100.5903 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 100.9250 Entry point 98.2724 Elliott 95.6200 Closing 99.2600 Projection 101.4400 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 100.8242 99.9088 96.9462 96.0308   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

Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.

More informations about Realtime Forex