Weekly Market Comments - Monday 08 February 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.3625 - 1.3491. After this move down it should go up to 1.3846 - 1.3933 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0857 or 1.0851 if support around 1.0674 hold. After which a pullback to 1.0674 - 1.0613 zone is possible.
GBP-USD	Market should not go lower than 1.5594 - 1.5436. After this move down it should go up to 1.5850 - 1.5947 area.
USD-JPY	There is bearish potential for a fall to 88.9685 - 88.1993 while 89.7377 - 90.3300 resist. After this fall a recovery up to 90.3300 or 90.9223 is expected.
USD-CAD	Currently uptrend should end around 1.0741 - 1.0805 area. A correction down to below 1.0571 is expected. A rise above 1.0910 will abort the expected correction.
NZD-USD	Market should not go lower than 0.6841 - 0.6737. After this move down it should go up to 0.7012 - 0.7079 area.
AUD-USD	One more dip to 0.8625 - 0.8525 is likely followed by a grind higher to 0.8800 - 0.8874. After which it can resume its downtrend.
EUR-JPY	Market should not go lower than 121.4260 - 119.5757. After this move down it should go up to 124.5635 - 125.8507 area.
EUR-CHF	It looks set to visit further lower territory down to around 1.4611 - 1.4544. Its corrective attempts should fail ahead of 1.4611 - 1.4795. Stop loss above 1.4928 zone.
EUR-GBP	It should trade lower to 0.8694. Resistances are at 0.8780 and 0.8818. A break of 0.8866 is bullish, confirmed by a close above 0.8774.
EUR-CAD	Market should not go lower than 1.4509. After this move down it should go up to 1.4761 - 1.4817 area.
EUR-NZD	Corrective dips should ideally halt near 1.9726 or 1.9614 for one more thrust upwards towards 1.9972 - 2.0107 area or 2.0330 in extention. Fall below 1.9345 puts it back on a downward path.
EUR-AUD	It looks more likely that it would rise to 1.5943 from 1.5674 or 1.5581. After which a downside move is expected.
GBP-CHF	While below 1.6895 - 1.6942 it might drop to 1.6676 or 1.6582.
GBP-JPY	Market should not go lower than 138.9885 - 136.8867. After this move down it should go up to 142.5045 - 143.9187 area.
GBP-CAD	Market should not go lower than 1.6709 - 1.6582. After this move down it should go up to 1.6908 - 1.6980 area.
GBP-AUD	It looks more likely that it would rise to 1.8243 - 1.8464 from 1.7953 or 1.7843. After which a downside move is expected.
CAD-JPY	No comment!
NZD-JPY	Market should not go lower than 60.9585 - 59.7150. After this move down it should go up to 63.0605 - 63.9190 area.
AUD-JPY	Market should not go lower than 76.8630 - 75.4337. After this move down it should go up to 79.3365 - 80.3807 area.
XAG-USD	Market should not go lower than 14.9175 - 14.2433. After this move down it should go up to 16.0600 - 16.5283 area.
XAU-USD	There is bearish potential for a fall to 1056.0376 - 1033.0151 while 1079.0601 - 1096.3525 resist. After this fall a recovery up to 1096.3525 or 1113.6451 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.