Weekly Market Comments - Monday 01 February 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.3665. After this move down it should go up to 1.4084 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0759 or 1.0710 if support around 1.0539 hold. After which a pullback to 1.0539 - 1.0487 zone is possible.
GBP-USD	There is bearish potential for a fall to 1.5885 while 1.6080 - 1.6129 resist. After this fall a recovery up to 1.6129 or 1.6178 is expected.
USD-JPY	It may attempt a test higher to 90.5850 - 91.0657 after which weakness may set it to a drift down to below 89.2927 limit.
USD-CAD	One move lower to 1.0585 or 1.0478 is anticipated while below 1.0693 - 1.0747 area. Stop loss above 1.0802 zone.
NZD-USD	It should register further gains to 0.7119 while 0.6964 - 0.6912 caps downside attempts. Stop loss below 0.6809 zone.
AUD-USD	Market should not go lower than 0.8728. After this move down it should go up to 0.9011 area.
EUR-JPY	Support at 124.9720 or 123.8387 should hold the downside for a correction to above 127.3936 zone.
EUR-CHF	It should trade higher to above 1.4768 while 1.4702 offer support. Minor support at 1.4639. Stop Loss below 1.4573 zone.
EUR-GBP	One more dip to 0.8638 - 0.8586 is likely followed by a grind higher to 0.8734 - 0.8778. After which it can resume its downtrend.
EUR-CAD	While above 1.4796 - 1.4717 zone a corrective dip could test 1.4875 or 1.4981. After which it should resume his downtrend.
EUR-NZD	There are initial signs of a good corrective recovery towards 1.9890 or even 1.9971. Supports at 1.9704 and 1.9599 zone.
EUR-AUD	It looks set for gains to 1.5780. Supports at 1.5584 and 1.5530. A break of 1.5389 will damage this bullish structure.
GBP-CHF	While below 1.7033 - 1.7133 it is more likely to fall further towards 1.6843 or 1.6753. Premature rise above 1.7133 could see it rising above 1.7313 zone.
GBP-JPY	No comment!
GBP-CAD	Should test support at 1.6956 while below 1.7088. If support at 1.6956 holds it can rise up to 1.7255, if not it should fall to below 1.6825 zone.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8254 or 1.8217 if support around 1.7987 hold. After which a pullback to 1.7987 - 1.7910 zone is possible.
CAD-JPY	It may meet resistance in 84.4160 - 84.6440 zone for a drift down to 83.4360 zone, after which bounce to 85.6240 is anticipated.
NZD-JPY	Current fall is near an end of wave around 62.4097 zone, a rally should then procede to above 64.5757. Fall below 61.5013 would cancel this scenario.
AUD-JPY	Support at 79.7650 or 78.9443 should hold the downside for a correction to above 81.4933 zone.
XAG-USD	It may meet resistance in 16.2020 - 16.4913 zone for a drift down to 15.7227 zone, after which bounce to 16.9707 is anticipated.
XAU-USD	It may meet resistance in 1081.6000 - 1086.7274 zone for a drift down to 1069.1678 zone, after which bounce to 1099.1598 is anticipated.

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.