RTFX Daily Market Comments - Monday 21 December 2009

EUR-USD Current fall is near an end of wave around 1.4260 zone, a rally should then procede to above 1.4411. Fall below 1.4186 would cancel this scenario.


USD-CHF While above 1.0409 - 1.0379 zone a corrective upmove could test 1.0463 or 1.0488. After which it should resume its downtrend.


GBP-USD One more dip to 1.6097 - 1.6046 is likely followed by a grind higher to 1.6196 - 1.6243. After which it can resume its downtrend.


USD-JPY It should try higher up to 90.6275 - 91.1913. Entry point 90.0637 or 89.6375. After this rise, a correction is expected.


USD-CAD It looks more likely that it would rise to 1.0715 from 1.0645 or 1.0618. After which a downside move is expected.


NZD-USD It should try higher up to 0.7122 - 0.7140. Entry point 0.7103 or 0.7087. After this rise, a correction is expected.


AUD-USD It should try higher up to 0.8910 - 0.8942. Entry point 0.8877 or 0.8859. After this rise, a correction is expected.


EUR-JPY It should test 130.9890 area after which a sell off down to 127.9983 or extended to 126.4907 area is expected.


EUR-CHF Current fall is near an end of wave around 1.4897 zone, a rally should then procede to above 1.5015. Fall below 1.4844 would cancel this scenario.


EUR-GBP It may attempt a test higher to 0.8890 - 0.8900 after which weakness may set it to a drift down to below 0.8860 limit.


EUR-CAD One more dip to 1.5258 - 1.5212 is likely followed by a grind higher to 1.5339 - 1.5375. After which it can resume its downtrend.


EUR-NZD While below 2.0215 - 2.0245 it might drop to 2.0102 or 2.0041.


EUR-AUD It looks more likely that it would rise to 1.6198 - 1.6301 from 1.6090 or 1.6038. After which a downside move is expected.


GBP-CHF Current fall is near an end of wave around 1.6770 zone, a rally should then procede to above 1.6920. Fall below 1.6704 would cancel this scenario.


GBP-JPY It may attempt a test higher to 146.2010 - 147.0173 after which weakness may set it to a drift down to 144.1973 limit.


GBP-CAD It is likely to fall towards 1.7173 - 1.7117 as its corrective rally could falter in 1.7276 - 1.7322 area. Stop above 1.7436 zone.


GBP-AUD It looks more likely that it would rise to 1.8255 - 1.8387 from 1.8113 or 1.8047. After which a downside move is expected.


CAD-JPY It looks set for gains to 85.5227. Supports at 83.9160 and 83.5267. A break of 82.3093 will damage this bullish structure.


NZD-JPY It should test 65.3790 area after which a sell off down to 63.3360 or extended to 62.4450 area is expected.


AUD-JPY It should test 82.1810 area after which a sell off down to 79.1923 or extended to 77.9147 area is expected.


XAG-USD It should test 17.3470 area after which a sell off down to 17.1140 or extended to 16.9620 area is expected.


XAU-USD It should test 1121.8340 area after which a sell off down to 1100.0106 or extended to 1088.1193 area is expected.

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