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RTFX TraderTip >> CAD-JPY Analysis - 3 Sep 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 CAD-JPY
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : correction zigzag 80.28

Scenario for today

There are initial signs of a good corrective recovery towards 80.29 or even 80.47. Supports at 79.91 and 79.72 zone.
Key point 80.36
Entry point 80.24
Elliott 78.57
Closing 80.07
Projection 80.68
Trendline 79.73
Trendline 80.58
Res 2 80.86
Ex-High 80.51
Res 1 80.47
Pivot 80.11
Sup 1 79.72
Ex-Low 79.76
Sup 2 79.36

81.07
80.67
79.37
78.97
 
Warning: Harami


WEEKLY TECHNICAL ANALYSIS CAD-JPY
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : support in a triangle 78.44

Scenario for this week

It should test 83.87 area after which a sell off down to 79.13 or extended to 77.16 area is expected.
Key point 78.70
Entry point 78.57
Elliott 78.44
Closing 81.11
Projection 82.81
Trendline 81.88
Trendline 79.88
Res 2 83.67
Ex-High 81.70
Res 1 82.39
Pivot 80.41
Sup 1 79.13
Ex-Low 78.44
Sup 2 77.16

82.87
81.84
78.51
77.48
 
Warning: End of trend


MONTHLY TECHNICAL ANALYSIS CAD-JPY
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : crucial reversal point

Scenario for this month

Market should not go lower than 78.73 - 76.56. After this move down it should go up to 82.12 - 83.35 area.
Key point 76.23
Entry point 80.68
Elliott 94.49
Closing 79.01
Projection 74.92
Trendline 83.68
Trendline 82.92
Res 2 87.69
Ex-High 85.23
Res 1 83.35
Pivot 80.90
Sup 1 76.56
Ex-Low 78.44
Sup 2 74.10

84.31
82.98
78.68
77.35
 
Warning: Imminent end of bearish move



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