Daily Market Comments - Thursday 25 February 2010

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.3611 - 1.3680 from 1.3522 or 1.3487. After which a downside move is expected.
USD-CHF	It looks set for gains to 1.0856. Supports at 1.0775 and 1.0752. A break of 1.0694 will damage this bullish structure.
GBP-USD	It might hold above 1.5398 or 1.5371 for a rise towards above 1.5461. Stop loss below 1.5334 zone.
USD-JPY	It should try higher up to 90.25 - 90.41. Entry point 90.09 or 89.96. After this rise, a correction is expected.
USD-CAD	There are initial signs of a good corrective recovery towards 1.0565 or even 1.0583. Supports at 1.0524 and 1.0500 zone.
NZD-USD	It should test 0.6974 area after which a sell off down to 0.6886 or extended to 0.6838 area is expected.
AUD-USD	It should test 0.8996 area after which a sell off down to 0.8877 or extended to 0.8818 area is expected.
EUR-JPY	Current fall is near an end of wave around 121.59 - 121.11 zone, a rally should then procede to above 122.58. Fall below 120.59 would cancel this scenario.
EUR-CHF	Decline should be supported around 1.4602 zone for rally to above 1.4651. A clear break of 1.4602 will damage this expected rally.
EUR-GBP	It should find support in 0.8769 - 0.8756 area for a rally to 0.8842. Unexpected fall below 0.8724 will dent this bullish view.
EUR-CAD	A corrective rise should ideally test 1.4322 or even higher than 1.4378. Supports are at 1.4192. Stop loss below 1.4202 zone.
EUR-NZD	Resistances lie around 1.9598 and 1.9649. It should test lower towards 1.9422 zone. A clear break of 1.9452 would be bearish.
EUR-AUD	There are initial signs of a good corrective recovery towards 1.5209 or even 1.5233. Supports at 1.5144 and 1.5102 zone.
GBP-CHF	Market should pop up towards 1.6695 or 1.6723 this bullish scenario would be damaged if 1.6640 - 1.6630 zone is broken, a severe break down could then occur.
GBP-JPY	It may meet resistance in 138.90 - 138.96 zone for a drift down to 138.31 zone, after which bounce to 139.55 is anticipated.
GBP-CAD	There are initial signs of a good corrective recovery towards 1.6293 or even 1.6317. Supports at 1.6228 and 1.6187 zone.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.7329 or even 1.7362. Supports at 1.7235 and 1.7175 zone.
CAD-JPY	It should try higher up to 85.64 - 85.87. Entry point 85.42 or 85.26. After this rise, a correction is expected.
NZD-JPY	It should try higher up to 62.63 - 62.89. Entry point 62.37 or 62.17. After this rise, a correction is expected.
AUD-JPY	It should try higher up to 80.61 - 80.91. Entry point 80.31 or 80.14. After this rise, a correction is expected.
XAG-USD	It should test 16.24 area after which a sell off down to 15.73 or extended to 15.51 area is expected.
XAU-USD	Current fall is near an end of wave around 1089.00 zone, a rally should then procede to above 1107.35. Fall below 1080.35 would cancel this scenario.

Trading Desk, RTFX Ltd
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