Thread: RTFX TraderTip >> EUR-JPY Analysis - Monday 30 August 2010

RTFX TraderTip >> EUR-JPY Analysis - 30 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 up 109.70 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 109.16 or 109.39 if support around 108.19 hold. After which a pullback to 108.19 - 107.84 zone is possible. Key point 109.42 Entry point 108.14 Elliott 105.44 Closing 108.68 Projection 110.43 Trendline 107.73 Trendline 107.73 Res 2 110.10 Ex-High 108.90 Res 1 109.39 Pivot 108.19 Sup 1 107.48 Ex-Low 106.99 Sup 2 106.28 108.80 108.31 106.71 106.22   Warning: Imminent end of bullish move - Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 110.09 Scenario for this week Market should hold major support at 104.64 before rising towards 109.91 or even 111.13 limit. Key point 110.20 Entry point 107.82 Elliott 105.44 Closing 108.68 Projection 111.19 Trendline 108.39 Trendline 107.36 Res 2 111.13 Ex-High 108.90 Res 1 109.91 Pivot 107.67 Sup 1 106.45 Ex-Low 105.44 Sup 2 104.21 110.02 109.22 106.63 105.83   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in a triangle 114.74 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 113.64 Entry point 114.19 Elliott 114.74 Closing 112.58 Projection 102.74 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 2 104.37 116.94 114.47 106.47 104.00   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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