Daily Market Comments - Friday 15 January 2010

[RTFX-Trading]

EUR-USD	It is a triangle configuration . Market should break either side. Acceleration should occur above 1.4556 or under 1.4446 limits.
USD-CHF	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.0235 or under 1.0160 limits.
GBP-USD	Current rise should end around 1.6371. Objectives of this downmove are 1.6274 or 1.6215. A rise above 1.6407 is again bullish.
USD-JPY	While below 91.2110 - 91.3663 it could fall towards below 90.1603. Rise above 91.6290 could activate some bullish pattern.
USD-CAD	It looks set to visit further lower territory down to around 1.0230 - 1.0199. Its corrective attempts should fail ahead of 1.0230 - 1.0296. Stop loss above 1.0358 zone.
NZD-USD	Current rise seems to be over near 0.7434 or 0.7450 for a retracement towards 0.7418 - 0.7406 area.
AUD-USD	Current rise seems to be over near 0.9323 or 0.9359 for a retracement towards 0.9288 - 0.9267 area.
EUR-JPY	It is a triangle configuration. Market should break either side. Acceleration should occur above 133.6370 or under 131.7200 limits.
EUR-CHF	Decline should be supported around 1.4725 zone for rally to above 1.4833. A clear break of 1.4694 will damage this expected rally.
EUR-GBP	Market should not go lower than 0.8846. After this move down it should go up to 0.8919 area.
EUR-CAD	Market should not go lower than 1.4766. After this move down it should go up to 1.4945 area.
EUR-NZD	No comment!
EUR-AUD	Market should not go lower than 1.5550 - 1.5482. After this move down it should go up to 1.5658 - 1.5697 area.
GBP-CHF	While below 1.6661 - 1.6698 it is more likely to fall further towards 1.6597 or 1.6569. Premature rise above 1.6698 could see it rising above 1.6754 zone.
GBP-JPY	Should test support at 148.2433 while below 148.9900. If support at 148.2433 holds it can rise up to 149.8753, if not it should fall to below 147.4967 zone.
GBP-CAD	It might hold above 1.6709 or 1.6673 for a rise towards above 1.6788. Stop loss below 1.6629 zone.
GBP-AUD	No comment!
CAD-JPY	One move lower to 88.6037 or 88.0853 is anticipated while below 89.2325 - 89.4917 area. Stop loss above 89.8613 zone.
NZD-JPY	Resistances lie around 68.0660 and 68.2773. It should test lower towards 67.3143 zone. A clear break of 67.3840 would be bearish.
AUD-JPY	Strength can extend to 85.3160 or even higher than 85.7050 as declines are expected to find support at 84.5695 or 84.2120. A fall below 83.4340 could turn it bearish.
XAG-USD	Currently uptrend should end around 18.8030 - 18.7790 area. A correction down to below 18.4980 is expected. A rise above 18.8920 will abort the expected correction.
XAU-USD	Currently uptrend should end around 1147.5364 - 1149.0416 area. A correction down to below 1133.6917 is expected. A rise above 1155.3833 will abort the expected correction.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.