RTFX TraderTip >> EUR-JPY Analysis - Monday 08 February 2010

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RTFX TraderTip >> EUR-JPY Analysis - 8 Feb 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 : extended impulse wave down 121.2663 Scenario for today It should try higher up to 122.7325 - 123.4093. Entry point 122.0557 or 121.4260. After this rise, a correction is expected. Key point 121.4120 Entry point 121.7531 Elliott 126.9770 Closing 122.1500 Projection 120.0894 Trendline 123.8532 Trendline 121.4840 Res 2 124.6687 Ex-High 123.3150 Res 1 123.4093 Pivot 122.0557 Sup 1 120.7963 Ex-Low 120.7020 Sup 2 119.4427 125.9131 125.2525 123.1145 122.4539   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an elongated correction 124.0665 Scenario for this week Market should not go lower than 121.4260 - 119.5757. After this move down it should go up to 124.5635 - 125.8507 area. Key point 121.3921 Entry point 123.0901 Elliott 134.3790 Closing 122.1500 Projection 119.0065 Trendline 125.4397 Trendline 125.5820 Res 2 129.5513 Ex-High 126.9770 Res 1 125.8507 Pivot 123.2763 Sup 1 119.5757 Ex-Low 120.7020 Sup 2 117.0013 126.8021 125.3479 120.6416 119.1874   Warning: End of trend - Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 127.0200 Scenario for this month There is bearish potential for a fall to 124.9720 - 121.8363 while 128.1077 - 129.7530 resist. After this fall a recovery up to 129.7530 or 131.3983 is expected. Key point 125.0198 Entry point 129.3376 Elliott 138.7200 Closing 125.1270 Projection 119.7894 Trendline 133.6146 Trendline 134.2060 Res 2 137.6697 Ex-High 134.3790 Res 1 131.3983 Pivot 128.1077 Sup 1 121.8363 Ex-Low 124.8170 Sup 2 118.5457 133.1248 130.6780 122.7596 120.3128   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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