Weekly Market Comments - Monday 22 June 2009

[RTFX-Trading]

EUR-USD	Market should hold major support at 1.3767 before rising towards 1.4055 or even 1.4165 limit.
USD-CHF	While below 1.0842 it might drop to 1.0726 or below 1.0647 zone.
GBP-USD	The current rise has limited upside potential between 1.6530 and 1.6644. A correction down to 1.6344 - 1.6272 zone is expected. Then if 1.6272 area hold it should resume his uptrend. Needs to cross below 1.6044 to wriggle out of this bearish setup.
USD-JPY	Market should not go lower than 94.6734. After this move down it should go up to 97.3800 - 98.0000 area.
EUR-JPY	One more dip to 133.2450 is likely followed by a grind higher to 137.1867. After which it can resume its downtrend.
EUR-CHF	Current fall is near an end of wave around 1.5001 zone, a rally should then procede to above 1.5141. Fall below 1.4934 would cancel this scenario.
EUR-GBP	It should register further gains to 0.8563 while 0.8381 - 0.8311 caps downside attempts. Stop loss below 0.8199 zone.
USD-CAD	While below 1.1400 - 1.1472 it is more likely to fall further towards 1.1267 or 1.1206. Premature rise above 1.1472 could see it rising above 1.1594 zone.
NZD-USD	It should trade higher to 0.6536 while 0.6388 or 0.6340 offers support. Stop loss below 0.6291 zone.
AUD-USD	It should trade higher to above 0.8166 while 0.7953 - 0.7898 offer support. Stop Loss below 0.7740 zone.
XAG-USD	Current fall is near an end of wave around 13.8167 zone, a rally should then procede to above 14.7367. Fall below 13.4233 would cancel this scenario.
XAU-USD	Market should hold major support at 919.1013 before rising towards 944.1333 or even 952.4667 limit.

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.