Thread: RTFX TraderTip >> EUR-JPY Analysis - Friday 03 September 2010

RTFX TraderTip >> EUR-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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 108.72 Scenario for today Current upmove should continue up to 108.44 or 108.81. Any correction should find support in 107.95 - 107.77 zone. A break above 108.52 could accelerate the move up. Key point 108.51 Entry point 108.15 Elliott 106.18 Closing 108.08 Projection 109.56 Trendline 107.43 Trendline 108.33 Res 2 108.81 Ex-High 108.32 Res 1 108.44 Pivot 107.95 Sup 1 107.58 Ex-Low 107.45 Sup 2 107.09 108.97 108.51 107.02 106.56   Warning: Imminent end of bearish move - Harami 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 106.93 Entry point 106.18 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 2 104.21 110.29 109.23 105.81 104.75   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There is bearish potential for a fall to 103.40 while 108.80 - 110.48 resist. After this fall a recovery up to 110.48 or 112.16 is expected. Key point 103.05 Entry point 109.74 Elliott 114.74 Closing 106.76 Projection 102.74 Trendline 114.19 Trendline 113.64 Res 2 117.55 Ex-High 114.19 Res 1 112.16 Pivot 108.80 Sup 1 103.40 Ex-Low 105.44 Sup 2 100.04 113.07 111.40 106.01 104.34   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.

More informations about RTFX