Thread: RTFX TraderTip >> EUR-JPY Analysis - Monday 22 March 2010

RTFX TraderTip >> EUR-JPY Analysis - 22 Mar 2010 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 : extension wave down 121.66 Scenario for today Current fall is near an end of wave around 122.05 zone, a rally should then procede to above 123.15. Fall below 121.60 would cancel this scenario. Key point 122.01 Entry point 122.40 Elliott 125.07 Closing 122.50 Projection 122.10 Trendline 123.18 Trendline 122.50 Res 2 123.80 Ex-High 123.36 Res 1 123.15 Pivot 122.70 Sup 1 122.05 Ex-Low 122.26 Sup 2 121.60 124.38 124.02 122.86 122.50   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 121.78 Scenario for this week Support at 122.38 or 121.48 should hold. Then a correction to above 126.09 is anticipated. A clear break of 120.46 is again bearish. Key point 122.20 Entry point 123.60 Elliott 125.21 Closing 122.50 Projection 121.78 Trendline 122.60 Trendline 123.50 Res 2 126.09 Ex-High 125.07 Res 1 124.30 Pivot 123.28 Sup 1 121.48 Ex-Low 122.26 Sup 2 120.46 124.79 124.14 122.03 121.38   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It is likely to fall to 118.10 or below 115.22 in extension while 122.54 - 123.98 area offer resistance. Above 125.42 the outlook could turn bullish. Key point 123.44 Entry point 124.29 Elliott 138.72 Closing 120.97 Projection 112.56 Trendline 129.34 Trendline 124.10 Res 2 129.86 Ex-High 126.98 Res 1 125.42 Pivot 122.54 Sup 1 118.10 Ex-Low 119.66 Sup 2 115.22 128.06 126.09 119.71 117.74   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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