Thread: RTFX TraderTip >> EUR-JPY Analysis - Monday 11 May 2009

RTFX TraderTip >> EUR-JPY Analysis - 11 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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 134.7464 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 135.2866 or 134.9200 if support around 133.5400 hold. After which a pullback to 133.5400 - 133.1700 zone is possible. Key point 135.1400 Entry point 133.9201 Elliott 129.8600 Closing 134.1800 Projection 134.7464 Trendline 132.2301 Trendline 133.6000 Res 2 135.6600 Ex-High 134.2800 Res 1 134.9200 Pivot 133.5400 Sup 1 132.8000 Ex-Low 132.1600 Sup 2 131.4200 134.1660 133.5560 131.5820 130.9720   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 135.5076 Scenario for this week Currently uptrend should end around 135.3534 - 135.6867 area. A correction down to below 131.2667 is expected. A rise above 137.1933 will abort the expected correction. Key point 137.4225 Entry point 135.0114 Elliott 124.3800 Closing 134.1800 Projection 137.4100 Trendline 129.8601 Trendline 135.3400 Res 2 137.1933 Ex-High 134.2800 Res 1 135.6867 Pivot 132.7733 Sup 1 131.2667 Ex-Low 129.8600 Sup 2 128.3533 135.8068 134.7825 131.4676 130.4433   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 129.6467 Scenario for this month It looks more likely that it would rise to 137.1333 from 127.4300 or 124.1033. After which a downside move is expected. Key point 135.4333 Entry point 130.8800 Elliott 112.0800 Closing 130.4800 Projection 142.7411 Trendline 126.7200 Trendline 130.0000 Res 2 143.7867 Ex-High 137.4100 Res 1 137.1333 Pivot 130.7567 Sup 1 124.1033 Ex-Low 124.3800 Sup 2 117.7267 138.5409 135.8449 127.1200 124.4240   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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