Thread: RTFX TraderTip >> USD-JPY Analysis - Friday 01 October 2010

RTFX TraderTip >> USD-JPY Analysis - 1 Oct 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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 83.02 Scenario for today Market should hold major support at 83.11 before rising towards 83.84 or even 84.15 limit. Key point 83.55 Entry point 83.42 Elliott 85.39 Closing 83.52 Projection 83.33 Trendline 83.59 Trendline 83.55 Res 2 84.15 Ex-High 83.82 Res 1 83.84 Pivot 83.50 Sup 1 83.19 Ex-Low 83.17 Sup 2 82.85 84.22 84.07 83.57 83.41   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 82.88 Scenario for this week Support at 84.19 or 83.65 should hold. Then a correction to above 86.42 is anticipated. A clear break of 83.04 is again bearish. Key point 83.63 Entry point 84.68 Elliott 85.93 Closing 84.26 Projection 82.88 Trendline 84.12 Trendline 85.36 Res 2 86.42 Ex-High 85.80 Res 1 85.34 Pivot 84.73 Sup 1 83.65 Ex-Low 84.12 Sup 2 83.04 85.55 85.10 83.64 83.19   Warning: Harami MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an elongated correction 84.45 Scenario for this month Market should not go lower than 83.20 - 82.29. After this move down it should go up to 84.73 - 85.34 area. Key point 82.64 Entry point 83.13 Elliott 94.99 Closing 83.52 Projection 79.28 Trendline 84.26 Trendline 84.32 Res 2 87.17 Ex-High 85.93 Res 1 85.34 Pivot 84.11 Sup 1 82.29 Ex-Low 82.88 Sup 2 81.05 85.82 85.11 82.82 82.11   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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