Daily Market Comments - Monday 19 April 2010

[RTFX-Trading]

EUR-USD	Current fall is near an end of wave around 1.3460 zone, a rally should then procede to above 1.3572. Fall below 1.3410 would cancel this scenario.
USD-CHF	While below 1.0620 - 1.0641 it is more likely to fall further towards 1.0581 or 1.0564. Premature rise above 1.0641 could see it rising above 1.0676 zone.
GBP-USD	Market should not go lower than 1.5379 - 1.5337. After this move down it should go up to 1.5450 - 1.5477 area.
USD-JPY	Market should not go lower than 91.58. After this move down it should go up to 92.63 - 92.87 area.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0208 or 1.0197 if support around 1.0100 hold. After which a pullback to 1.0100 - 1.0068 zone is possible.
NZD-USD	Market should not go lower than 0.7077 - 0.7050. After this move down it should go up to 0.7122 - 0.7141 area.
AUD-USD	Market should not go lower than 0.9242 - 0.9204. After this move down it should go up to 0.9303 - 0.9327 area.
EUR-JPY	One more dip to 124.16 - 123.40 is likely followed by a grind higher to 125.43 - 125.96. After which it can resume its downtrend.
EUR-CHF	Upside potential exists for a rise to above 1.4340. Supports are at 1.4327 and 1.4326 zone.
EUR-GBP	It should test 0.8785 area after which a sell off down to 0.8749 or extended to 0.8720 area is expected.
EUR-CAD	It should trade higher to 1.3752 while 1.3650 or 1.3619 offers support. Stop loss below 1.3588 zone.
EUR-NZD	Market should hold major support at 1.8913 before rising towards 1.9131 or even 1.9202 limit.
EUR-AUD	It should be subject to more sell off towards 1.4551 or 1.4531. Corrective upward swings should face resistance around 1.4697 area. A break of 1.4681 is bullish.
GBP-CHF	It looks more likely that it would rise to 1.6381 - 1.6437 from 1.6308 or 1.6279. After which a downside move is expected.
GBP-JPY	Market should not go lower than 140.64. After this move down it should go up to 143.02 - 143.58 area.
GBP-CAD	Currently uptrend should end around 1.5618 - 1.5687 area. A correction down to below 1.5459 is expected. A rise above 1.5776 will abort the expected correction.
GBP-AUD	Currently uptrend should end around 1.6647 - 1.6692 area. A correction down to below 1.6548 is expected. A rise above 1.6747 will abort the expected correction.
CAD-JPY	Market should not go lower than 89.58. After this move down it should go up to 92.44 area.
NZD-JPY	Market should not go lower than 65.15 - 64.68. After this move down it should go up to 65.93 - 66.24 area.
AUD-JPY	Market should not go lower than 84.30. After this move down it should go up to 86.52 area.
XAG-USD	Market should not go lower than 17.38. After this move down it should go up to 18.09 - 18.24 area.
XAU-USD	Market should not go lower than 1133.32 - 1124.25. After this move down it should go up to 1148.53 - 1154.65 area.

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.