Weekly Market Comments - Monday 22 February 2010

[RTFX-Trading]

EUR-USD	It looks set to visit further lower territory down to around 1.3519 - 1.3429. Its corrective attempts should fail ahead of 1.3519 - 1.3774. Stop loss above 1.3954 zone.
USD-CHF	While above 1.0709 - 1.0645 zone a corrective upmove could test 1.0834 or 1.0896. After which it should resume its downtrend.
GBP-USD	No comment!
USD-JPY	Current rise seems to be over near 91.89 or 92.61 for a retracement towards 91.16 - 90.67 area.
USD-CAD	It may meet resistance in 1.0404 - 1.0442 zone for a drift down to 1.0350 zone, after which bounce to 1.0496 is anticipated.
NZD-USD	Resistances lie around 0.7033 and 0.7066. It should test lower towards 0.6917 zone. A clear break of 0.6943 would be bearish.
AUD-USD	One move lower to 0.8876 or 0.8769 is anticipated while below 0.9010 - 0.9064 area. Stop loss above 0.9144 zone.
EUR-JPY	Current rise seems to be over near 124.70 or 125.52 for a retracement towards 123.89 - 123.41 area.
EUR-CHF	Decline should be supported around 1.4623 - 1.4605 zone for rally to above 1.4676. A clear break of 1.4605 will damage this expected rally.
EUR-GBP	It should try higher up to 0.8796 - 0.8841. Entry point 0.8752 or 0.8730. After this rise, a correction is expected.
EUR-CAD	It may meet resistance in 1.4145 - 1.4212 zone for a drift down to 1.4034 zone, after which bounce to 1.4323 is anticipated.
EUR-NZD	It should try higher up to 1.9521 - 1.9606. Entry point 1.9437 or 1.9365. After this rise, a correction is expected.
EUR-AUD	It may meet resistance in 1.5133 - 1.5187 zone for a drift down to 1.5009 zone, after which bounce to 1.5311 is anticipated.
GBP-CHF	There is bearish potential for a fall to 1.6643 - 1.6547 while 1.6739 - 1.6787 resist. After this fall a recovery up to 1.6787 or 1.6835 is expected.
GBP-JPY	Resistances lie around 142.61 and 143.25. It should test lower towards 140.34 zone. A clear break of 140.46 would be bearish.
GBP-CAD	Market should not go lower than 1.5797. After this move down it should go up to 1.6370 area.
GBP-AUD	It might hold above 1.7200 or 1.7041 for a rise towards above 1.7440 or 1.7521. Stop loss below 1.6880 zone.
CAD-JPY	Current rise should end around 89.08. Objectives of this downmove are 86.31 or 84.55. A rise above 90.08 is again bullish.
NZD-JPY	One move lower to 62.88 or 61.76 is anticipated while below 64.27 - 64.83 area. Stop loss above 65.66 zone.
AUD-JPY	One move lower to 80.54 or 78.77 is anticipated while below 82.42 - 83.30 area. Stop loss above 84.30 zone.
XAG-USD	Strength can extend to 16.39 or even higher than 16.71 as declines are expected to find support at 15.87 or 15.66. A fall below 15.03 could turn it bearish.
XAU-USD	One move lower to 1097.21 or 1076.62 is anticipated while below 1122.61 - 1132.91 area. Stop loss above 1148.02 zone.

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

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