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

RTFX TraderTip >> EUR-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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 106.67 Scenario for today Market should pop up towards 106.66 or 106.89 this bullish scenario would be damaged if 106.37 - 106.18 zone is broken, a severe break down could then occur. Key point 106.03 Entry point 106.23 Elliott 109.56 Closing 106.37 Projection 104.09 Trendline 106.41 Trendline 106.29 Res 2 107.42 Ex-High 106.96 Res 1 106.89 Pivot 106.43 Sup 1 105.91 Ex-Low 105.97 Sup 2 105.44 107.97 107.62 106.49 106.14   Warning: Harami WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 105.44 Scenario for this week It should trade higher to 110.22 or above 111.58 in extention. Supports at 107.52 and 106.83. Stop loss below 104.82 zone. Key point 108.35 Entry point 108.96 Elliott 109.56 Closing 108.85 Projection 105.44 Trendline 106.18 Trendline 106.93 Res 2 111.58 Ex-High 109.56 Res 1 110.22 Pivot 108.20 Sup 1 106.83 Ex-Low 106.18 Sup 2 104.82 110.27 109.26 105.99 104.98   MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 105.57 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 106.98 Entry point 110.44 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 2 100.04 113.81 111.88 105.62 103.69   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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