Daily Market Comments - Friday 19 February 2010

[RTFX-Trading]

EUR-USD	Current fall is near an end of wave around 1.3464 zone, a rally should then procede to above 1.3623. Fall below 1.3401 would cancel this scenario.
USD-CHF	Current rise should end around 1.0880. Objectives of this downmove are 1.0771 or 1.0706. A rise above 1.0922 is again bullish.
GBP-USD	Current fall is near an end of wave around 1.5457 zone, a rally should then procede to above 1.5646. Fall below 1.5384 would cancel this scenario.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 92.07 or 92.23 if support around 91.40 hold. After which a pullback to 91.40 - 91.19 zone is possible.
USD-CAD	It should trade higher to 1.0513 while 1.0456 or 1.0435 offers support. Stop loss below 1.0414 zone.
NZD-USD	Market should not go lower than 0.6973 - 0.6944. After this move down it should go up to 0.7022 - 0.7041 area.
AUD-USD	Market should not go lower than 0.8932 - 0.8901. After this move down it should go up to 0.8984 - 0.9004 area.
EUR-JPY	It should test 125.36 area after which a sell off down to 123.15 or extended to 122.10 area is expected.
EUR-CHF	It looks set to visit further lower territory down to around 1.4641. Its corrective attempts should fail ahead of 1.4683. Stop loss above 1.4707 zone.
EUR-GBP	If market stays below 0.8718 a fall to 0.8675 is expected. If market breaks the point 0.8735 it could reach the sky.
EUR-CAD	It may meet resistance in 1.4164 - 1.4175 zone for a drift down to 1.4107 zone, after which bounce to 1.4232 is anticipated.
EUR-NZD	It should test 1.9439 area after which a sell off down to 1.9288 or extended to 1.9200 area is expected.
EUR-AUD	It should try higher up to 1.5149 - 1.5177. Entry point 1.5120 or 1.5096. After this rise, a correction is expected.
GBP-CHF	There is bearish potential for a fall to 1.6779 while 1.6850 - 1.6876 resist. After this fall a recovery up to 1.6876 or 1.6902 is expected.
GBP-JPY	It should trade higher to above 143.45 while 141.78 - 141.35 offer support. Stop Loss below 140.12 zone.
GBP-CAD	Market should pop up towards 1.6341 or 1.6379 this bullish scenario would be damaged if 1.6244 - 1.6185 zone is broken, a severe break down could then occur.
GBP-AUD	It is likely to fall towards 1.7282 - 1.7194 unless a corrective rally breaks the 1.7432 resistance. Stop above 1.7476 zone.
CAD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 87.87 or 88.20 if support around 87.36 hold. After which a pullback to 87.36 - 87.10 zone is possible.
NZD-JPY	Corrective dips should ideally halt near 63.72 or 63.45 for one more thrust upwards towards 64.32 - 64.64 area or 65.19 in extention. Fall below 62.81 puts it back on a downward path.
AUD-JPY	It should try higher up to 82.27 - 82.65. Entry point 81.90 or 81.62. After this rise, a correction is expected.
XAG-USD	There is bearish potential for a fall to 15.60 while 15.93 - 16.06 resist. After this fall a recovery up to 16.06 or 16.19 is expected.
XAU-USD	No comment!

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.