Daily Market Comments - Tuesday 19 January 2010

[RTFX-Trading]

EUR-USD	It should try higher up to 1.4392 - 1.4411. Entry point 1.4373 or 1.4359. After this rise, a correction is expected.
USD-CHF	There are initial signs of a good corrective recovery towards 1.0270 or even 1.0282. Supports at 1.0243 and 1.0226 zone.
GBP-USD	Currently uptrend should end around 1.6360 - 1.6397 area. A correction down to 1.6296 - 1.6269 is expected. A rise above 1.6452 will abort the expected correction.
USD-JPY	No comment!
USD-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.0315 or under 1.0249 limits.
NZD-USD	It should test 0.7431 area after which a sell off down to 0.7344 or extended to 0.7301 area is expected.
AUD-USD	It should test 0.9333 area after which a sell off down to 0.9199 or extended to 0.9135 area is expected.
EUR-JPY	It should try higher up to 130.7720 - 131.0004. Entry point 130.5437 or 130.3400. After this rise, a correction is expected.
EUR-CHF	It looks set to visit further lower territory down to around 1.4739 - 1.4726. Its corrective attempts should fail ahead of 1.4759 or 1.4767. Stop loss above 1.4792 zone.
EUR-GBP	Upside potential exists for a rise to above 0.8829. Supports are at 0.8802 and 0.8792 zone.
EUR-CAD	Upside potential exists for a rise to above 1.4795. Supports are at 1.4760 and 1.4750 zone.
EUR-NZD	There is bearish potential for a fall to 1.9452 - 1.9414 while 1.9489 - 1.9516 resist. After this fall a recovery up to 1.9516 or 1.9543 is expected.
EUR-AUD	While below 1.5577 - 1.5601 it might drop to 1.5481 or 1.5433.
GBP-CHF	Our preferred outlook is for a drift down to 1.6710 or below 1.6672. Resistances are at 1.6749 and 1.6751. A rise above 1.6790 would delay but not abort this expected fall.
GBP-JPY	If market stays below 148.6360 a fall to 147.6263 is expected. If market breaks the point 149.0013 it could reach the sky.
GBP-CAD	While below 1.6794 - 1.6818 it is more likely to fall further towards 1.6746 or 1.6723. Premature rise above 1.6818 could see it rising above 1.6866 zone.
GBP-AUD	Resistances lie around 1.7693 and 1.7730. It should test lower towards 1.7570 zone. A clear break of 1.7605 would be bearish.
CAD-JPY	It should test 88.8430 area after which a sell off down to 88.1103 or extended to 87.7447 area is expected.
NZD-JPY	It should try higher up to 67.1430. Entry point 66.9313 or 66.7940. After this rise, a correction is expected.
AUD-JPY	It should test 84.7460 area after which a sell off down to 83.5143 or extended to 82.9317 area is expected.
XAG-USD	It looks set for gains to 18.7550. Supports at 18.5140 and 18.4590. A break of 18.2730 will damage this bullish structure.
XAU-USD	It should test 1136.8281 area after which a sell off down to 1128.6675 or extended to 1123.3352 area is expected.

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.