Daily Market Comments - Thursday 04 March 2010

[RTFX-Trading]

EUR-USD	Current rise should end around 1.3757. Objectives of this downmove are 1.3614 or 1.3532. A rise above 1.3818 is again bullish.
USD-CHF	Current fall is near an end of wave around 1.0631 zone, a rally should then procede to above 1.0745. Fall below 1.0582 would cancel this scenario.
GBP-USD	Currently uptrend should end around 1.5150 - 1.5167 area. A correction down to below 1.4995 is expected. A rise above 1.5235 will abort the expected correction.
USD-JPY	It looks set to visit further lower territory down to around 88.40 - 88.19. Its corrective attempts should fail ahead of 88.40 - 88.87. Stop loss above 89.27 zone.
USD-CAD	Current fall is near an end of wave around 1.0274 zone, a rally should then procede to above 1.0365. Fall below 1.0228 would cancel this scenario.
NZD-USD	It should test 0.6956 area after which a sell off down to 0.6897 or extended to 0.6848 area is expected.
AUD-USD	Current rise should end around 0.9094. Objectives of this downmove are 0.9016 or 0.8973. A rise above 0.9129 is again bullish.
EUR-JPY	While below 121.17 or 121.17 it could fall towards below 120.61 or 120.05. After which a corrective/consolidation activity is expected to 121.45 zone.
EUR-CHF	It should be subject to more weakness towards 1.4621. After which a correction to above 1.4635 is anticipated. A break of 1.4615 is bearish.
EUR-GBP	It is a triangle configuration . Market should break either side. Acceleration should occur above 0.9100 or under 0.9050 limits.
EUR-CAD	It should be subject to more sell off towards 1.4095 or 1.4077. Corrective upward swings should face resistance around 1.4189 area. A break of 1.4205 is bullish.
EUR-NZD	While below 1.9757 - 1.9835 it is more likely to fall further towards 1.9622 or 1.9565. Premature rise above 1.9835 could see it rising above 1.9950 zone.
EUR-AUD	Currently uptrend should end around 1.5149 - 1.5157 area. A correction down to below 1.5066 is expected. A rise above 1.5194 will abort the expected correction.
GBP-CHF	It looks set for gains to 1.6170. Supports at 1.6100 and 1.6076. A break of 1.6029 will damage this bullish structure.
GBP-JPY	It should trade higher to 134.15 while 133.45 or 133.17 offers support. Stop loss below 132.88 zone.
GBP-CAD	It should be subject to more sell off towards 1.5531 or 1.5508. Corrective upward swings should face resistance around 1.5654 area. A break of 1.5672 is bullish.
GBP-AUD	It should trade higher to 1.6723 while 1.6638 or 1.6611 offers support. Stop loss below 1.6583 zone.
CAD-JPY	It looks more likely that it would rise to 86.16 - 86.58 from 85.61 or 85.39. After which a downside move is expected.
NZD-JPY	One more dip to 61.28 - 61.03 is likely followed by a grind higher to 61.73 - 61.94. After which it can resume its downtrend.
AUD-JPY	No comment!
XAG-USD	One move lower to 16.93 or 16.66 is anticipated while below 17.28 - 17.42 area. Stop loss above 17.63 zone.
XAU-USD	One move lower to 1133.23 or 1126.52 is anticipated while below 1142.47 - 1145.83 area. Stop loss above 1151.72 zone.

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.