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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.
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