Weekly Market Comments - Monday 18 January 2010

[RTFX-Trading]

EUR-USD	There are initial signs of a good corrective recovery towards 1.4479 or even 1.4527. Supports at 1.4358 and 1.4284 zone.
USD-CHF	It should test 1.0382 area after which a sell off down to 1.0170 or extended to 1.0073 area is expected.
GBP-USD	Currently uptrend should end around 1.6372 - 1.6394 area. A correction down to below 1.6086 is expected. A rise above 1.6528 will abort the expected correction.
USD-JPY	Market should not go lower than 89.7354. After this move down it should go up to 91.7450 - 92.1260 area.
USD-CAD	It is likely to fall towards 1.0210 - 1.0123 unless a corrective rally breaks the 1.0355 resistance. Stop above 1.0398 zone.
NZD-USD	Should fall around 0.7348 while below 0.7382 - 0.7412 zone. Then a recovery up to above 0.7412 is expected.
AUD-USD	A corrective rise should ideally test 0.9319 or even higher than 0.9402. Supports are at 0.9205. Stop loss below 0.9087 zone.
EUR-JPY	Market should not go lower than 130.4540 - 129.1457. After this move down it should go up to 132.4895 - 133.2167 area.
EUR-CHF	Market should not go lower than 1.4743 - 1.4721. After this move down it should go up to 1.4807 - 1.4852 area.
EUR-GBP	There is bearish potential for a fall to 0.8827 - 0.8760 while 0.8894 - 0.8936 resist. After this fall a recovery up to 0.8936 or 0.8978 is expected.
EUR-CAD	There is bearish potential for a fall to 1.4763 - 1.4655 while 1.4872 - 1.4947 resist. After this fall a recovery up to 1.4947 or 1.5022 is expected.
EUR-NZD	Market should not go lower than 1.9462 - 1.9387. After this move down it should go up to 1.9582 - 1.9627 area.
EUR-AUD	It might hold above 1.5545 or 1.5461 for a rise towards above 1.5737. Stop loss below 1.5353 zone.
GBP-CHF	It should be subject to more sell off towards 1.6422 or 1.6151. Corrective upward swings should face resistance around 1.7004 area. A break of 1.7027 is bullish.
GBP-JPY	It might hold above 147.6820 or 147.1780 for a rise towards above 148.8480 or 149.5727. Stop loss below 146.2327 zone.
GBP-CAD	If market stays below 1.6817 a fall to 1.6523 is expected. If market breaks the point 1.6925 it could reach the sky.
GBP-AUD	It should test 1.7883 area after which a sell off down to 1.7352 or extended to 1.7099 area is expected.
CAD-JPY	Market should not go lower than 87.7515 - 86.9660. After this move down it should go up to 89.1630 - 89.7890 area.
NZD-JPY	There is bearish potential for a fall to 66.3663 while 67.4707 - 67.8160 resist. After this fall a recovery up to 67.8160 or 68.1613 is expected.
AUD-JPY	Current move should be supported in 83.6250 - 82.7627 zone for a rise to 85.6077. A break below 81.6423 opens the way down.
XAG-USD	A corrective rise should ideally test 18.8260 or even higher than 19.2330. Supports are at 18.2090. Stop loss below 17.7450 zone.
XAU-USD	There are initial signs of a good corrective recovery towards 1146.7485 or even 1156.0824. Supports at 1125.1235 and 1112.8324 zone.

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

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