Thread: RTFX TraderTip >> EUR-JPY Analysis - Monday 16 August 2010

RTFX TraderTip >> EUR-JPY Analysis - 16 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 : support in a triangle 109.23 Scenario for today It is a triangle configuration. Market should break either side. Acceleration should occur above 111.12 or under 109.55 limits. Key point 109.86 Entry point 109.79 Elliott 109.23 Closing 110.04 Projection 111.03 Trendline 109.55 Trendline 109.86 Res 2 111.81 Ex-High 111.12 Res 1 110.93 Pivot 110.24 Sup 1 109.36 Ex-Low 109.55 Sup 2 108.67 112.28 111.76 110.08 109.55   Warning: Low Zone WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Market should not go lower than 109.64 - 108.20. After this move down it should go up to 111.99 - 112.91 area. Key point 110.05 Entry point 111.86 Elliott 114.74 Closing 110.04 Projection 107.10 Trendline 113.72 Trendline 113.54 Res 2 115.78 Ex-High 113.94 Res 1 112.91 Pivot 111.07 Sup 1 108.20 Ex-Low 109.23 Sup 2 106.36 113.67 112.58 109.05 107.96   MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It should trade higher to 115.71 while 111.61 or 110.04 offers support. Stop loss below 108.48 zone. Key point 110.96 Entry point 108.89 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 2 104.37 116.35 114.47 108.37 106.49   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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