Weekly Market Comments - Monday 26 April 2010

[RTFX-Trading]

EUR-USD	Market should hold major support at 1.3180 before rising towards 1.3530 or even 1.3687 limit.
USD-CHF	While below 1.0792 - 1.0856 it is more likely to fall further towards 1.0668 or 1.0608. Premature rise above 1.0856 could see it rising above 1.0977 zone.
GBP-USD	It may attempt a test higher to 1.5426 - 1.5504 after which weakness may set it to a drift down to 1.5223 limit.
USD-JPY	It should trade higher to 95.04 while 93.32 or 92.81 offers support. Stop loss below 92.31 zone.
USD-CAD	There is bearish potential for a fall to 0.9876 while 1.0046 - 1.0104 resist. After this fall a recovery up to 1.0104 or 1.0162 is expected.
NZD-USD	It should be subject to more sell off towards 0.7088 or 0.7014. Corrective upward swings should face resistance around 0.7268 area. A break of 0.7242 is bullish.
AUD-USD	It may attempt a test higher to 0.9303 - 0.9351 after which weakness may set it to a drift down to 0.9171 limit.
EUR-JPY	It may attempt a test higher to 125.90 - 126.82 after which weakness may set it to a drift down to 123.93 limit.
EUR-CHF	It may attempt a test higher to 1.4359 - 1.4370 after which weakness may set it to a drift down to below 1.4332 limit.
EUR-GBP	Market should pop up towards 0.8770 or 0.8824 this bullish scenario would be damaged if 0.8652 - 0.8589 zone is broken, a severe break down could then occur.
EUR-CAD	Market should not go lower than 1.3301 - 1.3156. After this move down it should go up to 1.3549 - 1.3652 area.
EUR-NZD	Market should not go lower than 1.8626 - 1.8476. After this move down it should go up to 1.8874 - 1.8971 area.
EUR-AUD	No comment!
GBP-CHF	Currently uptrend should end around 1.6576 - 1.6698 area. A correction down to 1.6359 - 1.6263 is expected. A rise above 1.6888 will abort the expected correction.
GBP-JPY	It should be subject to more sell off towards 141.07 or 137.55. Corrective upward swings should face resistance around 149.62 area. A break of 148.29 is bullish.
GBP-CAD	Market should not go lower than 1.5319 - 1.5220. After this move down it should go up to 1.5490 - 1.5562 area.
GBP-AUD	While above 1.6529 - 1.6457 zone a corrective upmove could test 1.6669 or 1.6737. After which it should resume its downtrend.
CAD-JPY	It should trade higher to 95.51 while 92.74 or 92.04 offers support. Stop loss below 91.33 zone.
NZD-JPY	It should try higher up to 67.39 - 68.25. Entry point 66.53 or 66.07. After this rise, a correction is expected.
AUD-JPY	It may attempt a test higher to 87.17 - 88.25 after which weakness may set it to a drift down to 84.98 limit.
XAG-USD	It may attempt a test higher to 18.25 - 18.50 after which weakness may set it to a drift down to below 17.74 limit.
XAU-USD	It may attempt a test higher to 1156.62 - 1167.48 after which weakness may set it to a drift down to below 1134.38 limit.

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.