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

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RTFX TraderTip >> EUR-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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 112.94 Scenario for today Market should pop up towards 113.87 or 114.10 this bullish scenario would be damaged if 113.35 - 113.06 zone is broken, a severe break down could then occur. Key point 113.31 Entry point 113.63 Elliott 114.74 Closing 113.51 Projection 112.94 Trendline 114.23 Trendline 113.72 Res 2 114.68 Ex-High 114.23 Res 1 114.10 Pivot 113.64 Sup 1 113.06 Ex-Low 113.19 Sup 2 112.60 114.50 114.13 112.93 112.56   WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 115.07 Scenario for this week It should be subject to more sell off towards 110.79 or 108.73. Corrective upward swings should face resistance around 115.47 area. A break of 115.41 is bullish. Key point 114.41 Entry point 112.21 Elliott 110.02 Closing 112.84 Projection 115.46 Trendline 113.35 Trendline 113.32 Res 2 115.41 Ex-High 113.35 Res 1 114.12 Pivot 112.07 Sup 1 110.79 Ex-Low 110.02 Sup 2 108.73 114.96 114.05 111.12 110.21   MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 115.19 Scenario for this month It may meet resistance in 108.20 - 109.90 zone for a drift down to 105.63 zone, after which bounce to 112.47 is anticipated. Key point 107.69 Entry point 107.51 Elliott 107.32 Closing 108.20 Projection 115.19 Trendline 115.76 Trendline 107.28 Res 2 116.73 Ex-High 114.16 Res 1 112.47 Pivot 109.90 Sup 1 105.63 Ex-Low 107.32 Sup 2 103.06 116.63 114.45 107.41 105.23   Warning: End of trend - Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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