Thread: RTFX TraderTip >> AUD-JPY Analysis - Friday 21 August 2009

RTFX TraderTip >> AUD-JPY Analysis - 21 Aug 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 AUD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 78.8500 Scenario for today It should trade lower to 77.7300. Resistances are at 78.7900 and 79.2800. A break of 79.8500 is bullish, confirmed by a close above 78.5400. Key point 78.7025 Entry point 78.4138 Elliott 76.7000 Closing 78.3000 Projection 78.8500 Trendline 77.6501 Trendline 78.6000 Res 2 79.2800 Ex-High 78.7100 Res 1 78.7900 Pivot 78.2200 Sup 1 77.7300 Ex-Low 77.6500 Sup 2 77.1600 79.1571 78.7350 77.3690 76.9469   Warning: Harami WEEKLY TECHNICAL ANALYSIS AUD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 76.3900 Scenario for this week There is bearish potential for a fall to 78.3050 - 77.0700 while 79.5400 - 80.3550 resist. After this fall a recovery up to 80.3550 or 81.1700 is expected. Key point 75.6900 Entry point 78.8500 Elliott 82.0100 Closing 78.7000 Projection 75.0637 Trendline 80.2100 Trendline 80.2100 Res 2 83.6400 Ex-High 82.0100 Res 1 81.1700 Pivot 79.5400 Sup 1 77.0700 Ex-Low 77.9100 Sup 2 75.4400 81.3956 80.4300 77.3051 76.3395   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS AUD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It may attempt a test higher to 79.3400 - after which weakness may set it to a drift down to 73.4267 limit. Key point 82.6300 Entry point 76.7001 Elliott 70.7700 Closing 79.1400 Projection 86.4322 Trendline 79.5400 Trendline 78.6300 Res 2 85.2533 Ex-High 79.5400 Res 1 82.1967 Pivot 76.4833 Sup 1 73.4267 Ex-Low 70.7700 Sup 2 67.7133 82.9504 80.7750 73.7350 71.5596   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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