Weekly Market Comments - Monday 19 April 2010

[RTFX-Trading]

EUR-USD	Resistances lie around 1.3601 and 1.3644. It should test lower towards 1.3424 zone. A clear break of 1.3364 would be bearish.
USD-CHF	Market should hold major support at 1.0488 before rising towards 1.0659 or even 1.0712 limit.
GBP-USD	Resistances lie around 1.5458 and 1.5498. It should test lower towards 1.5311 zone. A clear break of 1.5316 would be bearish.
USD-JPY	Market should not go lower than 91.17. After this move down it should go up to 92.92 - 93.25 area.
USD-CAD	It looks set for gains to 1.0214. Supports at 1.0043 and 1.0003. A break of 0.9873 will damage this bullish structure.
NZD-USD	It looks more likely that it would rise to 0.7166 - 0.7245 from 0.7077 or 0.7037. After which a downside move is expected.
AUD-USD	It looks more likely that it would rise to 0.9348 - 0.9445 from 0.9238 or 0.9190. After which a downside move is expected.
EUR-JPY	No comment!
EUR-CHF	Preferred view is for a fall to 1.4326 - 1.4279 while 1.4397 - 1.4421 area resists. A clear break of 1.4515 would be bullish.
EUR-GBP	No comment!
EUR-CAD	Uptrend is still intact. It should continue to rally to 1.3894 or 1.4030 if supports at 1.3656 - 1.3605 area hold. Stop loss below 1.3554.
EUR-NZD	It looks more likely that it would rise to 1.9211 - 1.9360 from 1.8988 or 1.8913. After which a downside move is expected.
EUR-AUD	While below 1.4602 or 1.4607 it could fall towards below 1.4494 or 1.4386. After which a corrective/consolidation activity is expected to 1.4661 zone.
GBP-CHF	It should find support in 1.6255 - 1.6209 area for a rally to 1.6509. Unexpected fall below 1.6093 will dent this bullish view.
GBP-JPY	There is bearish potential for a fall to 140.41 while 142.73 - 143.42 resist. After this fall a recovery up to 143.42 or 144.10 is expected.
GBP-CAD	Currently uptrend should end around 1.5661 - 1.5703 area. A correction down to below 1.5426 is expected. A rise above 1.5809 will abort the expected correction.
GBP-AUD	Currently uptrend should end around 1.6652 - 1.6717 area. A correction down to below 1.6505 is expected. A rise above 1.6799 will abort the expected correction.
CAD-JPY	Market should not go lower than 90.67 - 89.57. After this move down it should go up to 92.45 - 93.12 area.
NZD-JPY	Market should not go lower than 65.15 - 64.53. After this move down it should go up to 66.15 - 66.53 area.
AUD-JPY	Market should not go lower than 85.09 - 84.27. After this move down it should go up to 86.38 - 86.86 area.
XAG-USD	It looks more likely that it would rise to 18.36 - 18.98 from 17.68 or 17.37. After which a downside move is expected.
XAU-USD	It looks more likely that it would rise to 1160.75 - 1185.00 from 1133.33 or 1121.20. After which a downside move is expected.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
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.