Weekly Market Comments - Monday 15 February 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.3574 - 1.3486. After this move down it should go up to 1.3728 - 1.3794 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0803 or 1.0860 if support around 1.0735 hold. After which a pullback to 1.0735 - 1.0688 zone is possible.
GBP-USD	It should test 1.5711 area after which a sell off down to 1.5549 or extended to 1.5428 area is expected.
USD-JPY	It should be subject to more sell off towards 89.5685 or 89.2877. Corrective upward swings should face resistance around 90.4200 area. A break of 91.1153 is bullish.
USD-CAD	No comment!
NZD-USD	It should be subject to more sell off towards 0.6891 or 0.6846. Corrective upward swings should face resistance around 0.7049 area. A break of 0.7143 is bullish.
AUD-USD	It should try higher up to 0.8895 - 0.8989. Entry point 0.8802 or 0.8742. After this rise, a correction is expected.
EUR-JPY	Market should not go lower than 121.9825 - 121.2183. After this move down it should go up to 124.0743 - 125.6027 area.
EUR-CHF	It should be subject to more weakness towards 1.4630. After which a correction to above 1.4697 is anticipated. A break of 1.4600 is bearish.
EUR-GBP	It looks more likely that it would rise to 0.8802 - 0.8914 from 0.8674 or 0.8618. After which a downside move is expected.
EUR-CAD	Market should not go lower than 1.4288 - 1.4132. After this move down it should go up to 1.4538 - 1.4631 area.
EUR-NZD	There is bearish potential for a fall to 1.9342 while 1.9678 - 1.9784 resist. After this fall a recovery up to 1.9784 or 1.9890 is expected.
EUR-AUD	Market should not go lower than 1.5313 - 1.5138. After this move down it should go up to 1.5595 - 1.5703 area.
GBP-CHF	It may attempt a test higher to 1.6911 - 1.7017 after which weakness may set it to a drift down to 1.6660 limit.
GBP-JPY	It should test 142.4980 area after which a sell off down to 139.1367 or extended to 137.2563 area is expected.
GBP-CAD	It may meet resistance in 1.6478 - 1.6561 zone for a drift down to 1.6320 zone, after which bounce to 1.6719 is anticipated.
GBP-AUD	Market should pop up towards 1.7871 or 1.7990 this bullish scenario would be damaged if 1.7591 - 1.7430 zone is broken, a severe break down could then occur.
CAD-JPY	It should trade higher to 86.8060 while 84.1925 or 83.5770 offers support. Stop loss below 81.5790 zone.
NZD-JPY	It may attempt a test higher to 62.8805 - 63.5767 after which weakness may set it to a drift down to below 61.2767 limit.
AUD-JPY	Corrective dips should ideally halt near 78.3180 or 77.6003 for one more thrust upwards towards 80.1450 - 81.2543 area or 82.6897 in extention. Fall below 75.3817 puts it back on a downward path.
XAG-USD	It should test 15.8610 area after which a sell off down to 15.0647 or extended to 14.6123 area is expected.
XAU-USD	It should trade lower to 1070.3331. Resistances are at 1106.3582 and 1120.1416. A break of 1142.3832 is bullish, confirmed by a close above 1117.9500.

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.