Daily Market Comments - Wednesday 10 February 2010

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3873 or 1.3877 if support around 1.3760 hold. After which a pullback to 1.3760 - 1.3720 zone is possible.
USD-CHF	Market should not go lower than 1.0623 - 1.0582. After this move down it should go up to 1.0692 - 1.0720 area.
GBP-USD	Current rise seems to be over near 1.5734 or 1.5791 for a retracement towards 1.5677 - 1.5641 area.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 89.7633 or 89.9463 if support around 89.5537 hold. After which a pullback to 89.5537 - 89.4280 zone is possible.
USD-CAD	There is bearish potential for a fall to 1.0610 while 1.0692 - 1.0715 resist. After this fall a recovery up to 1.0715 or 1.0739 is expected.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6972 or 0.7014 if support around 0.6916 hold. After which a pullback to 0.6916 - 0.6890 zone is possible.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8795 or 0.8851 if support around 0.8733 hold. After which a pullback to 0.8733 - 0.8701 zone is possible.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 124.4282 or 124.7370 if support around 123.1960 hold. After which a pullback to 123.1960 - 122.7035 zone is possible.
EUR-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4688 or 1.4697 if support around 1.4671 hold. After which a pullback to 1.4671 - 1.4661 zone is possible.
EUR-GBP	Preferred view is for a fall to 0.8766 - 0.8749 while 0.8798 - 0.8812 area resists. A clear break of 0.8846 would be bullish.
EUR-CAD	Resistances lie around 1.4730 and 1.4754. It should test lower towards 1.4653 zone. A clear break of 1.4693 would be bearish.
EUR-NZD	Prefer a fall to 1.9812 or 1.9744. Then a correction to 1.9916 is anticipated. A clear break of 1.9671 is again bearish.
EUR-AUD	There is bearish potential for a fall to 1.5690 - 1.5640 while 1.5739 - 1.5770 resist. After this fall a recovery up to 1.5770 or 1.5801 is expected.
GBP-CHF	Market should hold major support at 1.6638 before rising towards 1.6773 or even 1.6824 limit.
GBP-JPY	Current rise seems to be over near 141.1040 or 141.8703 for a retracement towards 140.3377 - 139.8995 area.
GBP-CAD	It looks set for gains to 1.6823. Supports at 1.6694 and 1.6658. A break of 1.6565 will damage this bullish structure.
GBP-AUD	Market should not go lower than 1.7863 - 1.7793. After this move down it should go up to 1.7982 - 1.8031 area.
CAD-JPY	It should try higher up to 84.2230 - 84.6940. Entry point 83.7520 or 83.4910. After this rise, a correction is expected.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 62.5402 or 63.0453 if support around 61.9187 hold. After which a pullback to 61.9187 - 61.6095 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 78.8804 or 79.5490 if support around 78.1830 hold. After which a pullback to 78.1830 - 77.8110 zone is possible.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 15.5907 or 15.6977 if support around 15.3373 hold. After which a pullback to 15.3373 - 15.2135 zone is possible.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1084.2004 or 1086.9915 if support around 1074.4332 hold. After which a pullback to 1074.4332 - 1070.0123 zone is possible.

Trading Desk, RTFX Ltd
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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.