Weekly Market Comments - Monday 25 May 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4065 or 1.4227 if support around 1.3825 hold. After which a pullback to 1.3825 - 1.3713 zone is possible.
USD-CHF	null
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6094 or 1.6196 if support around 1.5656 hold. After which a pullback to 1.5656 - 1.5513 zone is possible.
USD-JPY	One more dip to 94.3300 - < s1> is likely followed by a grind higher to 95.7550 - 96.3900. After which it can resume its downtrend.
EUR-JPY	It may attempt a test higher to 132.8700 - 134.8367 after which weakness may set it to a drift down to below 128.8167 limit.
EUR-CHF	Current rise should end around 1.5250. Objectives of this downmove are 1.5109 or 1.5030. A rise above 1.5312 is again bullish.
EUR-GBP	Current fall is near an end of wave around 0.8718 zone, a rally should then procede to above 0.8889. Fall below 0.8635 would cancel this scenario.
USD-CAD	There is bearish potential for a fall to 1.1195 - 1.0989 while 1.1402 - 1.1509 resist. After this fall a recovery up to 1.1509 or 1.1615 is expected.
NZD-USD	Currently uptrend should end around 0.6222 - 0.6352 area. A correction down to below 0.5948 is expected. A rise above 0.6496 will abort the expected correction.
AUD-USD	It should try higher up to 0.7853 - 0.7988. Entry point 0.7719 or 0.7645. After this rise, a correction is expected.
XAG-USD	Currently uptrend should end around 14.7750 - 15.1533 area. A correction down to below 13.9433 is expected. A rise above 15.6067 will abort the expected correction.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 964.9645 or 974.5334 if support around 944.9567 hold. After which a pullback to 944.9567 - 936.6151 zone is possible.

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