Daily Market Comments - Thursday 29 April 2010

[RTFX-Trading]

EUR-USD	It should test 1.3280 area after which a sell off down to 1.3134 or extended to 1.3049 area is expected.
USD-CHF	There are initial signs of a good corrective recovery towards 1.0884 or even 1.0908. Supports at 1.0830 and 1.0798 zone.
GBP-USD	It should try higher up to 1.5248 - 1.5289. Entry point 1.5208 or 1.5167. After this rise, a correction is expected.
USD-JPY	It should trade higher to 94.57 while 93.78 or 93.51 offers support. Stop loss below 93.24 zone.
USD-CAD	There are initial signs of a good corrective recovery towards 1.0148 or even 1.0172. Supports at 1.0086 and 1.0049 zone.
NZD-USD	If market stays below 0.7213 a fall to 0.7135 is expected. If market breaks the point 0.7249 it could reach the sky.
AUD-USD	If market stays below 0.9259 a fall to 0.9171 is expected. If market breaks the point 0.9300 it could reach the sky.
EUR-JPY	It may attempt a test higher to 124.61 - 125.36 after which weakness may set it to a drift down to 122.81 limit.
EUR-CHF	It should test 1.4338 area after which a sell off down to 1.4324 or extended to 1.4312 area is expected.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8709 or 0.8725 if support around 0.8677 hold. After which a pullback to 0.8677 - 0.8660 zone is possible.
EUR-CAD	It is likely to fall towards 1.3312 - 1.3274 as its corrective rally could falter in 1.3388 - 1.3424 area. Stop above 1.3501 zone.
EUR-NZD	It looks set to visit further lower territory down to around 1.8309 - 1.8231. Its corrective attempts should fail ahead of 1.8309 - 1.8499. Stop loss above 1.8655 zone.
EUR-AUD	Current fall is near an end of wave around 1.4208 zone, a rally should then procede to above 1.4382. Fall below 1.4128 would cancel this scenario.
GBP-CHF	It looks set to visit further lower territory down to around 1.6474 - 1.6429. Its corrective attempts should fail ahead of 1.6474 - 1.6582. Stop loss above 1.6671 zone.
GBP-JPY	It should test 143.79 area after which a sell off down to 141.98 or extended to 140.96 area is expected.
GBP-CAD	Market should not go lower than 1.5327 - 1.5258. After this move down it should go up to 1.5444 - 1.5493 area.
GBP-AUD	Market should not go lower than 1.6312. After this move down it should go up to 1.6558 - 1.6614 area.
CAD-JPY	If market stays below 93.37 a fall to 91.84 is expected. If market breaks the point 94.01 it could reach the sky.
NZD-JPY	It looks set for gains to 68.48. Supports at 66.93 and 66.56. A break of 65.37 will damage this bullish structure.
AUD-JPY	It looks set for gains to 87.86. Supports at 85.98 and 85.53. A break of 84.11 will damage this bullish structure.
XAG-USD	It should test 18.23 area after which a sell off down to 17.87 or extended to 17.64 area is expected.
XAU-USD	There are initial signs of a good corrective recovery towards 1170.20 or even 1173.38. Supports at 1163.20 and 1159.38 zone.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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