Weekly Market Comments - Monday 08 March 2010

[RTFX-Trading]

EUR-USD	It looks set for gains to 1.3760. Supports at 1.3528 and 1.3458. A break of 1.3296 will damage this bullish structure.
USD-CHF	It looks more likely that it would rise to 1.0871 - 1.1000 from 1.0696 or 1.0631. After which a downside move is expected.
GBP-USD	It should try higher up to 1.5175 - 1.5305. Entry point 1.5044 or 1.4964. After this rise, a correction is expected.
USD-JPY	It should test 92.31 area after which a sell off down to 88.79 or extended to 87.24 area is expected.
USD-CAD	There is bearish potential for a fall to 1.0187 while 1.0380 - 1.0440 resist. After this fall a recovery up to 1.0440 or 1.0499 is expected.
NZD-USD	It may attempt a test higher to 0.6995 - 0.7042 after which weakness may set it to a drift down to 0.6877 limit.
AUD-USD	Currently uptrend should end around 0.9092 - 0.9137 area. A correction down to below 0.8979 is expected. A rise above 0.9194 will abort the expected correction.
EUR-JPY	It should test 126.08 area after which a sell off down to 120.77 or extended to 118.49 area is expected.
EUR-CHF	Our preferred view is for a drift down to 1.4588. Resistances is at 1.4617. A rise above 1.4650 would delay but not abort this expected fall.
EUR-GBP	Should test support at 0.8924 while below 0.8994. If support at 0.8924 holds it can rise up to 0.9107, if not it should fall to below 0.8854 zone.
EUR-CAD	Market should not go lower than 1.3978 - 1.3853. After this move down it should go up to 1.4195 - 1.4287 area.
EUR-NZD	It looks more likely that it would rise to 1.9842 - 2.0146 from 1.9417 or 1.9265. After which a downside move is expected.
EUR-AUD	Market should not go lower than 1.4973 - 1.4897. After this move down it should go up to 1.5101 - 1.5153 area.
GBP-CHF	It should try higher up to 1.6291 - 1.6390. Entry point 1.6192 or 1.6131. After this rise, a correction is expected.
GBP-JPY	It should try higher up to 136.94 - 138.58. Entry point 135.30 or 134.43. After this rise, a correction is expected.
GBP-CAD	Current fall is near an end of wave around 1.5338 zone, a rally should then procede to above 1.5930. Fall below 1.5069 would cancel this scenario.
GBP-AUD	It may meet resistance in 1.6678 - 1.6699 zone for a drift down to 1.6477 zone, after which bounce to 1.6901 is anticipated.
CAD-JPY	It should trade higher to 89.11 while 86.06 or 85.34 offers support. Stop loss below 83.00 zone.
NZD-JPY	It should test 65.26 area after which a sell off down to 61.37 or extended to 59.76 area is expected.
AUD-JPY	It should be subject to more sell off towards 80.06 or 78.08. Corrective upward swings should face resistance around 84.62 area. A break of 84.28 is bullish.
XAG-USD	Currently uptrend should end around 17.78 - 17.77 area. A correction down to below 16.60 is expected. A rise above 18.21 will abort the expected correction.
XAU-USD	While below 1147.22 it is more likely to fall further towards 1129.63 or 1121.95 level.

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.