Daily Market Comments - Monday 08 February 2010

[RTFX-Trading]

EUR-USD	It may meet resistance in 1.3665 - 1.3666 zone for a drift down to 1.3585 zone, after which bounce to 1.3746 is anticipated.
USD-CHF	While below 1.0763 - 1.0801 it is more likely to fall further towards 1.0688 or 1.0651. Premature rise above 1.0801 could see it rising above 1.0874 zone.
GBP-USD	Current fall is near an end of wave around 1.5534 zone, a rally should then procede to above 1.5751. Fall below 1.5438 would cancel this scenario.
USD-JPY	It should test 89.4380 area after which a sell off down to 88.8440 or extended to 88.3040 area is expected.
USD-CAD	It looks more likely that it would rise to 1.0773 from 1.0673 or 1.0637. After which a downside move is expected.
NZD-USD	Market should hold major support at 0.6769 before rising towards 0.6934 or even 0.6996 limit.
AUD-USD	It should test 0.8721 area after which a sell off down to 0.8595 or extended to 0.8517 area is expected.
EUR-JPY	It should try higher up to 122.7325 - 123.4093. Entry point 122.0557 or 121.4260. After this rise, a correction is expected.
EUR-CHF	While below 1.4736 - 1.4795 it might drop to 1.4544 or 1.4427.
EUR-GBP	If market stays below 0.8747 a fall to 0.8702 is expected. If market breaks the point 0.8768 it could reach the sky.
EUR-CAD	Market should not go lower than 1.4607 - 1.4553. After this move down it should go up to 1.4697 - 1.4732 area.
EUR-NZD	It looks more likely that it would rise to 1.9980 - 2.0076 from 1.9847 or 1.9799. After which a downside move is expected.
EUR-AUD	While above 1.5750 - 1.5706 zone a corrective dip could test 1.5794 or 1.5845. After which it should resume his downtrend.
GBP-CHF	While below 1.6770 - 1.6847 it could fall towards below 1.6582. Rise above 1.6895 could activate some bullish pattern.
GBP-JPY	It may meet resistance in 139.7150 - 139.8050 zone for a drift down to 138.1720 zone, after which bounce to 141.3480 is anticipated.
GBP-CAD	Market should not go lower than 1.6709 - 1.6631. After this move down it should go up to 1.6833 - 1.6881 area.
GBP-AUD	It looks more likely that it would rise to 1.8171 - 1.8318 from 1.8016 or 1.7942. After which a downside move is expected.
CAD-JPY	It should test 83.9100 area after which a sell off down to 82.6217 or extended to 81.7133 area is expected.
NZD-JPY	It should test 61.6760 area after which a sell off down to 60.5663 or extended to 59.7007 area is expected.
AUD-JPY	It should try higher up to 77.8345 - 78.3780. Entry point 77.2910 or 76.8630. After this rise, a correction is expected.
XAG-USD	It should try higher up to 15.2745 - 15.4810. Entry point 15.0680 or 14.9175. After this rise, a correction is expected.
XAU-USD	It should try higher up to 1068.3250 - 1076.2750. Entry point 1060.3750 or 1056.0375. After this rise, a correction is expected.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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