Thread: RTFX TraderTip >> EUR-JPY Analysis - Monday 02 August 2010

RTFX TraderTip >> EUR-JPY Analysis - 2 Aug 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 : flat correction down 111.82 Scenario for today It is likely to fall towards 111.81 - 111.03 unless a corrective rally breaks the 113.19 resistance. Stop above 113.58 zone. Key point 112.24 Entry point 112.97 Elliott 114.74 Closing 112.58 Projection 111.82 Trendline 113.65 Trendline 113.37 Res 2 114.57 Ex-High 113.80 Res 1 113.58 Pivot 112.80 Sup 1 111.81 Ex-Low 112.03 Sup 2 111.03 114.47 114.04 112.67 112.25   Warning: Low Zone - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 111.82 Scenario for this week There are initial signs of a good corrective recovery towards 113.66 or even 114.20. Supports at 112.30 and 111.49 zone. Key point 111.77 Entry point 113.26 Elliott 114.74 Closing 112.58 Projection 111.82 Trendline 112.03 Trendline 114.04 Res 2 115.83 Ex-High 114.74 Res 1 114.20 Pivot 113.12 Sup 1 111.49 Ex-Low 112.03 Sup 2 110.41 114.63 114.00 111.97 111.34   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Currently uptrend should end around 113.66 - 115.71 area. A correction down to 110.04 - 108.48 is expected. A rise above 118.85 will abort the expected correction. Key point 114.03 Entry point 110.04 Elliott 107.32 Closing 112.58 Projection 115.19 Trendline 107.51 Trendline 107.69 Res 2 118.85 Ex-High 114.74 Res 1 115.71 Pivot 111.61 Sup 1 108.48 Ex-Low 107.50 Sup 2 104.37 116.25 114.57 109.14 107.46   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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