Daily Market Comments - Friday 12 March 2010

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.3697 - 1.3705 area. A correction down to below 1.3639 is expected. A rise above 1.3729 will abort the expected correction.
USD-CHF	It looks set to visit further lower territory down to around 1.0683 - 1.0667. Its corrective attempts should fail ahead of 1.0708 or 1.0717. Stop loss above 1.0750 zone.
GBP-USD	It should trade higher to 1.5104 while 1.5025 or 1.5004 offers support. Stop loss below 1.4983 zone.
USD-JPY	Current upmove should continue to 90.74 or 90.98. Any correction should find support in 90.48 - 90.36 zone. A break above 90.78 could accelerate the move up.
USD-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.0322 or under 1.0229 limits.
NZD-USD	Market should hold major support at 0.6957 before rising towards 0.7031 or even 0.7058 limit.
AUD-USD	It should test 0.9162 area after which a sell off down to 0.9120 or extended to 0.9086 area is expected.
EUR-JPY	Currently uptrend should end around 124.22 - 124.15 area. A correction down to below 123.26 is expected. A rise above 124.48 will abort the expected correction.
EUR-CHF	If market stays below 1.4624 a fall to 1.4603 is expected. If market breaks the point 1.4631 it could reach the sky.
EUR-GBP	Bullish reaction to above 0.9115 is anticipated from 0.9083 - 0.9074 zone. Stop loss below 0.9058 zone.
EUR-CAD	Resistances lie around 1.4042 and 1.4064. It should test lower towards 1.3964 zone. A clear break of 1.3975 would be bearish.
EUR-NZD	While below 1.9566 - 1.9609 it is more likely to fall further towards 1.9485 or 1.9447. Premature rise above 1.9609 could see it rising above 1.9685 zone.
EUR-AUD	Current rise should end around 1.4986. Objectives of this downmove are 1.4897 or 1.4847. A rise above 1.5025 is again bullish.
GBP-CHF	If market stays below 1.6106 a fall to 1.6031 is expected. If market breaks the point 1.6136 it could reach the sky.
GBP-JPY	Current rise seems to be over near 136.41 or 136.90 for a retracement towards 135.91 - 135.62 area.
GBP-CAD	Current upmove should be ended around 1.5459 - 1.5502. Any correction consolidation should find support in 1.5375 - 1.5335 zone.
GBP-AUD	It should trade lower to 1.6370. Resistances are at 1.6507 and 1.6560. A break of 1.6645 is bullish, confirmed by a close above 1.6551.
CAD-JPY	It should try higher up to 88.47 - 88.77. Entry point 88.17 or 87.98. After this rise, a correction is expected.
NZD-JPY	It should trade higher to above 63.66 while 63.17 - 63.04 offer support. Stop Loss below 62.68 zone.
AUD-JPY	Currently uptrend should end around 82.96 - 83.19 area. A correction down to below 82.39 is expected. A rise above 83.53 will abort the expected correction.
XAG-USD	It should test 17.53 area after which a sell off down to 16.94 or extended to 16.70 area is expected.
XAU-USD	It should try higher up to 1110.60 - 1113.90. Entry point 1107.30 or 1105.12. After this rise, a correction is expected.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
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