Weekly Market Comments - Monday 15 March 2010

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.3779 - 1.3860 area. A correction down to 1.3650 - 1.3601 is expected. A rise above 1.3957 will abort the expected correction.
USD-CHF	There is bearish potential for a fall to 1.0505 while 1.0655 - 1.0693 resist. After this fall a recovery up to 1.0693 or 1.0732 is expected.
GBP-USD	Market should hold major support at 1.4889 before rising towards 1.5310 or even 1.5436 limit.
USD-JPY	While below 90.78 - 91.16 it is more likely to fall further towards 90.05 or 89.70. Premature rise above 91.16 could see it rising above 91.85 zone.
USD-CAD	It may meet resistance in 1.0182 - 1.0220 zone for a drift down to 1.0118 zone, after which bounce to 1.0284 is anticipated.
NZD-USD	Resistances lie around 0.7056 and 0.7087. It should test lower towards 0.6951 zone. A clear break of 0.6980 would be bearish.
AUD-USD	One move lower to 0.9077 or 0.8998 is anticipated while below 0.9175 - 0.9215 area. Stop loss above 0.9274 zone.
EUR-JPY	Current rise seems to be over near 124.86 or 125.99 for a retracement towards 123.73 - 122.98 area.
EUR-CHF	Market should not go lower than 1.4563 - 1.4539. After this move down it should go up to 1.4600 - 1.4613 area.
EUR-GBP	Preferred view is for a fall to 0.9029 - 0.8995 while 0.9098 - 0.9133 area resists. A clear break of 0.9202 would be bullish.
EUR-CAD	It should try higher up to 1.4059 - 1.4111. Entry point 1.4007 or 1.3957. After this rise, a correction is expected.
EUR-NZD	It may attempt a test higher to 1.9638 - 1.9783 after which weakness may set it to a drift down to below 1.9334 limit.
EUR-AUD	Market should hold major support at 1.4731 before rising towards 1.5112 or even 1.5194 limit.
GBP-CHF	Current fall is near an end of wave around 1.5960 zone, a rally should then procede to above 1.6223. Fall below 1.5851 would cancel this scenario.
GBP-JPY	It looks set for gains to 138.99. Supports at 135.65 and 134.84. A break of 132.30 will damage this bullish structure.
GBP-CAD	It should try higher up to 1.5539 - 1.5627. Entry point 1.5451 or 1.5368. After this rise, a correction is expected.
GBP-AUD	It should try higher up to 1.6630. Entry point 1.6503 or 1.6416. After this rise, a correction is expected.
CAD-JPY	One move lower to 87.33 or 85.81 is anticipated while below 89.23 - 89.99 area. Stop loss above 91.12 zone.
NZD-JPY	While below 63.89 - 64.36 it is more likely to fall further towards 62.96 or 62.50. Premature rise above 64.36 could see it rising above 65.28 zone.
AUD-JPY	While below 83.22 - 83.86 it is more likely to fall further towards 82.05 or 81.54. Premature rise above 83.86 could see it rising above 84.90 zone.
XAG-USD	There are initial signs of a good corrective recovery towards 17.37 or even 17.55. Supports at 16.96 and 16.73 zone.
XAU-USD	There is bearish potential for a fall to 1088.03 while 1112.92 - 1120.18 resist. After this fall a recovery up to 1120.18 or 1127.43 is expected.

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

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