Monthly Market Comments - Monday 01 February 2010

[RTFX-Trading]

EUR-USD	Support at 1.3863 or 1.3624 should hold the downside for a correction to above 1.4341 zone.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0717 or 1.0789 if support around 1.0460 hold. After which a pullback to 1.0460 - 1.0369 zone is possible.
GBP-USD	No comment!
USD-JPY	There are initial signs of a good corrective recovery towards 92.0110 or even 92.9670. Supports at 89.6985 and 88.3420 zone.
USD-CAD	It should trade higher to 1.0849 or above 1.1007 in extention. Supports at 1.0458 and 1.0379. Stop loss below 1.0067 zone.
NZD-USD	It is a triangle configuration. Market should break either side. Acceleration should occur above 0.7442 or under 0.7016 limits.
AUD-USD	It looks more likely that it would rise to 0.9168 - 0.9489 from 0.8847 or 0.8687. After which a downside move is expected.
EUR-JPY	There is bearish potential for a fall to 124.9720 - 121.8363 while 128.1077 - 129.7530 resist. After this fall a recovery up to 129.7530 or 131.3983 is expected.
EUR-CHF	It may meet resistance in 1.4744 - 1.4798 zone for a drift down to below 1.4597 zone.
EUR-GBP	Market should not go lower than 0.8638 - 0.8508. After this move down it should go up to 0.8851 - 0.8934 area.
EUR-CAD	It may meet resistance in 1.4823 - 1.4861 zone for a drift down to 1.4633 zone, after which bounce to 1.5050 is anticipated.
EUR-NZD	It should try higher up to 1.9890 - 2.0085. Entry point 1.9695 or 1.9534. After this rise, a correction is expected.
EUR-AUD	It may meet resistance in 1.5670 - 1.5683 zone for a drift down to 1.5406 zone, after which bounce to 1.5947 is anticipated.
GBP-CHF	It should trade higher to 1.7271 while 1.6794 or 1.6635 offers support. Stop loss below 1.6476 zone.
GBP-JPY	It is a triangle configuration. Market should break either side. Acceleration should occur above 150.7210 or under 143.6500 limits.
GBP-CAD	It should test 1.7573 area after which a sell off down to 1.6564 or extended to 1.6041 area is expected.
GBP-AUD	Market should hold major support at 1.7480 before rising towards 1.8383 or even 1.8701 limit.
CAD-JPY	It looks more likely that it would rise to 88.8067 from 84.0400 or 81.8447. After which a downside move is expected.
NZD-JPY	It looks more likely that it would rise to 67.0777 - 70.8373 from 63.0385 or 61.1587. After which a downside move is expected.
AUD-JPY	It looks more likely that it would rise to 84.1500 - 88.4480 from 79.7650 or 77.6160. After which a downside move is expected.
XAG-USD	There is bearish potential for a fall to 15.1773 while 17.0367 - 17.5490 resist. After this fall a recovery up to 17.5490 or 18.0613 is expected.
XAU-USD	No comment!

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