Weekly Market Comments - Monday 04 January 2010

[RTFX-Trading]

EUR-USD	It should try higher up to 1.4387 - 1.4444. Entry point 1.4331 or 1.4287. After this rise, a correction is expected.
USD-CHF	It looks more likely that it would rise to 1.0485 - 1.0586 from 1.0353 or 1.0303. After which a downside move is expected.
GBP-USD	Support at 1.5927 or 1.5847 should hold the downside for a correction to above 1.6090 zone.
USD-JPY	Currently uptrend should end around 93.1033 - 92.3430 area. A correction down to below 90.7170 is expected. A rise above 92.9200 will abort the expected correction.
USD-CAD	No comment!
NZD-USD	It should try higher up to 0.7083 - 0.7119. Entry point 0.7046 or 0.7010. After this rise, a correction is expected.
AUD-USD	It should try higher up to 0.8866 - 0.8910. Entry point 0.8822 or 0.8780. After this rise, a correction is expected.
EUR-JPY	Currently uptrend should end around 131.8130 - 132.6810 area. A correction down to 130.4770 - 130.0090 is expected. A rise above 133.6170 will abort the expected correction.
EUR-CHF	It may meet resistance in 1.4908 - 1.4924 zone for a drift down to 1.4859 zone, after which bounce to 1.4974 is anticipated.
EUR-GBP	If market stays below 0.9016 a fall to 0.8910 is expected. If market breaks the point 0.9067 it could reach the sky.
EUR-CAD	Current fall is near an end of wave around 1.4914 zone, a rally should then procede to above 1.5256. Fall below 1.4773 would cancel this scenario.
EUR-NZD	Current rise seems to be over near 2.0401 or 2.0493 for a retracement towards 2.0310 - 2.0248 area.
EUR-AUD	Current rise seems to be over near 1.6294 or 1.6366 for a retracement towards 1.6223 - 1.6175 area.
GBP-CHF	Market should not go lower than 1.6523 - 1.6400. After this move down it should go up to 1.6718 - 1.6790 area.
GBP-JPY	Resistances lie around 146.6300 and 147.0127. It should test lower towards 145.4277 zone. A clear break of 146.0300 would be bearish.
GBP-CAD	Market should not go lower than 1.6698 - 1.6514. After this move down it should go up to 1.6979 - 1.7074 area.
GBP-AUD	A corrective rise should ideally test 1.8220 or even higher than 1.8386. Supports are at 1.7805. Stop loss below 1.7887 zone.
CAD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 88.7957 or 88.5987 if support around 86.5523 hold. After which a pullback to 86.5523 - 86.0085 zone is possible.
NZD-JPY	It should be subject to more sell off towards 64.3135 or 64.1907. Corrective upward swings should face resistance around 65.3910 area. A break of 65.1663 is bullish.
AUD-JPY	Market should hold major support at 79.9273 before rising towards 81.3937 or even 81.8113 limit.
XAG-USD	It looks set for gains to 17.6533. Supports at 17.0660 and 16.9233. A break of 16.4787 will damage this bullish structure.
XAU-USD	Market should hold major support at 1076.6479 before rising towards 1122.1648 or even 1143.4574 limit.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
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