Thread: RTFX TraderTip >> NZD-JPY Analysis - Friday 10 September 2010

RTFX TraderTip >> NZD-JPY Analysis - 10 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 NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 61.02 Scenario for today Current rise should end around 61.06. Objectives of this downmove are 60.30 or 59.89. A rise above 61.42 is again bullish. Key point 60.93 Entry point 60.73 Elliott 59.68 Closing 60.71 Projection 61.47 Trendline 60.25 Trendline 60.81 Res 2 61.42 Ex-High 61.01 Res 1 61.06 Pivot 60.66 Sup 1 60.30 Ex-Low 60.25 Sup 2 59.89 61.18 60.96 60.25 60.03   WEEKLY TECHNICAL ANALYSIS NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 61.25 Scenario for this week It should trade higher to 62.07 or above 63.28 in extention. Supports at 59.64 and 59.03. Stop loss below 57.22 zone. Key point 60.93 Entry point 59.68 Elliott 58.43 Closing 60.85 Projection 61.47 Trendline 59.81 Trendline 59.81 Res 2 63.28 Ex-High 61.47 Res 1 62.07 Pivot 60.25 Sup 1 59.03 Ex-Low 58.43 Sup 2 57.22 61.98 61.29 59.06 58.37   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS NZD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 58.67 Scenario for this month There is bearish potential for a fall to 58.65 - 56.96 while 60.34 - 61.29 resist. After this fall a recovery up to 61.29 or 62.25 is expected. Key point 59.21 Entry point 60.90 Elliott 69.37 Closing 58.86 Projection 58.67 Trendline 62.48 Trendline 61.84 Res 2 65.63 Ex-High 63.72 Res 1 62.25 Pivot 60.34 Sup 1 56.96 Ex-Low 58.43 Sup 2 55.05 63.82 62.59 58.60 57.37   Warning: End of trend 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