RTFX TraderTip >> CAD-JPY Analysis - Tuesday 09 February 2010

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RTFX TraderTip >> CAD-JPY Analysis - 9 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 CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 82.4680 Scenario for today It is a triangle configuration. Market should break either side. Acceleration should occur above 84.0230 or under 82.9420 limits. Key point 82.3727 Entry point 83.0153 Elliott 86.1150 Closing 82.9770 Projection 82.4680 Trendline 83.4338 Trendline 83.8610 Res 2 84.3950 Ex-High 84.0230 Res 1 83.6860 Pivot 83.3140 Sup 1 82.6050 Ex-Low 82.9420 Sup 2 82.2330 85.1588 84.6882 83.1655 82.6950   Warning: Harami WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 82.6628 Scenario for this week No comment! Key point 81.9310 Entry point 84.0231 Elliott 86.1150 Closing 83.5300 Projection 82.3910 Trendline 84.5055 Trendline 84.5055 Res 2 87.7360 Ex-High 86.1150 Res 1 85.6330 Pivot 84.0120 Sup 1 81.9090 Ex-Low 82.3910 Sup 2 80.2880 85.8114 85.0690 82.6664 81.9240   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 86.5401 Scenario for this month It looks more likely that it would rise to 88.8067 - 93.1973 from 84.0400 or 81.8447. After which a downside move is expected. Key point 81.6040 Entry point 86.1150 Elliott 90.6260 Closing 84.4160 Projection 79.9300 Trendline 83.9972 Trendline 85.7090 Res 2 93.1973 Ex-High 90.6260 Res 1 88.8067 Pivot 86.2353 Sup 1 81.8447 Ex-Low 83.6640 Sup 2 79.2733 90.0215 88.3705 83.0275 81.3765   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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