RTFX TraderTip >> CAD-JPY Analysis - Friday 30 July 2010

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RTFX TraderTip >> CAD-JPY Analysis - 30 Jul 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 : flat correction down 83.08 Scenario for today Market should not go lower than 83.53 - 83.14. After this move down it should go up to 84.20 - 84.47 area. Key point 83.33 Entry point 83.79 Elliott 85.51 Closing 83.68 Projection 82.27 Trendline 84.71 Trendline 83.91 Res 2 85.25 Ex-High 84.71 Res 1 84.47 Pivot 83.92 Sup 1 83.14 Ex-Low 83.38 Sup 2 82.59 85.24 84.88 83.73 83.37   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 85.77 Scenario for this week It should test 86.81 area after which a sell off down to 82.58 or extended to 80.84 area is expected. Key point 84.99 Entry point 82.99 Elliott 81.72 Closing 84.32 Projection 86.46 Trendline 84.42 Trendline 82.39 Res 2 86.16 Ex-High 84.42 Res 1 85.24 Pivot 83.50 Sup 1 82.58 Ex-Low 81.76 Sup 2 80.84 85.70 84.96 82.57 81.83   Warning: Harami MONTHLY TECHNICAL ANALYSIS CAD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 83.06 - 80.73. After this move down it should go up to 86.58 - 87.78 area. Key point 83.78 Entry point 86.17 Elliott 94.49 Closing 83.13 Projection 74.92 Trendline 90.74 Trendline 86.15 Res 2 92.44 Ex-High 90.04 Res 1 87.78 Pivot 85.39 Sup 1 80.73 Ex-Low 82.99 Sup 2 78.33 90.09 88.25 82.30 80.46   Warning: Imminent end of bearish move - Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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