Daily Market Comments - Friday 05 February 2010

[RTFX-Trading]

EUR-USD	Support at 1.3723 or 1.3662 should hold the downside for a correction to above 1.3843 zone.
USD-CHF	Currently uptrend should end around 1.0717 - 1.0704 area. A correction down to below 1.0608 is expected. A rise above 1.0737 will abort the expected correction.
GBP-USD	Support at 1.5743 or 1.5684 should hold the downside for a correction to above 1.5872 zone.
USD-JPY	Market should not go lower than 88.7935 - 88.0313. After this move down it should go up to 90.0570 - 90.5583 area.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0802 or 1.0798 if support around 1.0698 hold. After which a pullback to 1.0698 - 1.0671 zone is possible.
NZD-USD	Current fall is near an end of wave around 0.6803 zone, a rally should then procede to above 0.6985. Fall below 0.6733 would cancel this scenario.
AUD-USD	Market should not go lower than 0.8523. After this move down it should go up to 0.8737 - 0.8781 area.
EUR-JPY	Market should not go lower than 121.8725 - 120.3387. After this move down it should go up to 124.3225 - 125.2387 area.
EUR-CHF	Market should not go lower than 1.4608. After this move down it should go up to 1.4697 area.
EUR-GBP	There is bearish potential for a fall to 0.8691 while 0.8725 - 0.8735 resist. After this fall a recovery up to 0.8735 or 0.8745 is expected.
EUR-CAD	It should trade higher to above 1.4780 while 1.4719 - 1.4700 offer support. Stop Loss below 1.4657 zone.
EUR-NZD	One move lower to 1.9804 or 1.9642 is anticipated while below 2.0013 - 2.0094 area. Stop loss above 2.0222 zone.
EUR-AUD	Current upmove should be ended around 1.5913 - 1.5980. Any correction consolidation should find support in 1.5794 - 1.5741 zone.
GBP-CHF	One more dip to 1.6783 - 1.6755 is likely followed by a grind higher to 1.6838 - 1.6865. After which it can resume his downtrend.
GBP-JPY	Market should not go lower than 139.8095 - 138.1493. After this move down it should go up to 142.5225 - 143.5753 area.
GBP-CAD	It should be subject to more sell off towards 1.6847 or 1.6768. Corrective upward swings should face resistance around 1.7023 area. A break of 1.7021 is bullish.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8317 or 1.8345 if support around 1.8159 hold. After which a pullback to 1.8159 - 1.8097 zone is possible.
CAD-JPY	Market should not go lower than 82.6285 - 81.5477. After this move down it should go up to 84.3685 - 85.0277 area.
NZD-JPY	Market should not go lower than 59.4472. After this move down it should go up to 63.2077 area.
AUD-JPY	Market should not go lower than 75.2523. After this move down it should go up to 78.6495 - 79.4560 area.
XAG-USD	Market should not go lower than 14.6340. After this move down it should go up to 16.0543 area.
XAU-USD	Market should not go lower than 1042.8040. After this move down it should go up to 1087.6499 - 1096.9666 area.

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.