Weekly Market Comments - Monday 11 January 2010

[RTFX-Trading]

EUR-USD	It should try higher up to 1.4451 - 1.4515. Entry point 1.4386 or 1.4337. After this rise, a correction is expected.
USD-CHF	There is bearish potential for a fall to 1.0225 - 1.0160 while 1.0290 - 1.0327 resist. After this fall a recovery up to 1.0327 or 1.0363 is expected.
GBP-USD	While above 1.5962 - 1.5869 zone a corrective dip could test 1.6056 or 1.6214. After which it should resume his downtrend.
USD-JPY	Currently uptrend should end around 93.1895 - 93.8347 area. A correction down to below 91.3207 is expected. A rise above 95.0583 will abort the expected correction.
USD-CAD	Market should not go lower than 1.0300 - 1.0227. After this move down it should go up to 1.0413 - 1.0454 area.
NZD-USD	While below 0.7399 - 0.7466 it is more likely to fall further towards 0.7282 or 0.7232. Premature rise above 0.7466 could see it rising above 0.7566 zone.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9406 or 0.9355 if support around 0.9147 hold. After which a pullback to 0.9147 - 0.9088 zone is possible.
EUR-JPY	It should try higher up to 133.8255 - 134.6813. Entry point 132.9697 or 132.3840. After this rise, a correction is expected.
EUR-CHF	Market should not go lower than 1.4748 - 1.4701. After this move down it should go up to 1.4822 - 1.4848 area.
EUR-GBP	It should be subject to more sell off towards 0.8892 or 0.8789. Corrective upward swings should face resistance around 0.9099 area. A break of 0.9129 is bullish.
EUR-CAD	Current fall is near an end of wave around 1.4723 zone, a rally should then procede to above 1.5012. Fall below 1.4586 would cancel this scenario.
EUR-NZD	It may meet resistance in 1.9569 - 1.9623 zone for a drift down to 1.9385 zone, after which bounce to 1.9807 is anticipated.
EUR-AUD	It may meet resistance in 1.5709 - 1.5783 zone for a drift down to below 1.5459 zone.
GBP-CHF	There is bearish potential for a fall to 1.6388 - 1.6256 while 1.6519 - 1.6592 resist. After this fall a recovery up to 1.6592 or 1.6664 is expected.
GBP-JPY	Currently uptrend should end around 149.5780 - 150.7683 area. A correction down to below 146.0543 is expected. A rise above 153.1017 will abort the expected correction.
GBP-CAD	Market should not go lower than 1.6463 - 1.6306. After this move down it should go up to 1.6728 - 1.6836 area.
GBP-AUD	Market should not go lower than 1.7091. After this move down it should go up to 1.7803 area.
CAD-JPY	Current rise should end around 91.0013. Objectives of this downmove are 88.3073 or 86.7727. A rise above 92.1607 is again bullish.
NZD-JPY	One move lower to 67.1100 or 65.9980 is anticipated while below 68.4500 - 69.0060 area. Stop loss above 69.7900 zone.
AUD-JPY	While below 85.7865 - 86.6913 it is more likely to fall further towards 84.3085 or 83.7353. Premature rise above 86.6913 could see it rising above 87.8377 zone.
XAG-USD	Current rise seems to be over near 18.4880 or 19.0367 for a retracement towards 17.9393 - 17.6585 area.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1146.4875 or 1153.4160 if support around 1123.4330 hold. After which a pullback to 1123.4330 - 1114.9235 zone is possible.

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