Monthly Market Comments - Monday 03 May 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.3214 - 1.3054. After this move down it should go up to 1.3503 - 1.3632 area.
USD-CHF	It should trade higher to 1.0980 while 1.0707 or 1.0599 offers support. Stop loss below 1.0490 zone.
GBP-USD	While below 1.5294 or 1.5314 it could fall towards below 1.5105 or 1.4917. After which a corrective/consolidation activity is expected to 1.5409 zone.
USD-JPY	While below 94.36 - 95.29 it is more likely to fall further towards 92.76 or 92.09. Premature rise above 95.29 could see it rising above 96.64 zone.
USD-CAD	It should try higher up to 1.0187 - 1.0272. Entry point 1.0101 or 1.0044. After this rise, a correction is expected.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7321 or 0.7408 if support around 0.7187 hold. After which a pullback to 0.7187 - 0.7117 zone is possible.
AUD-USD	Should fall around 0.9132 while below 0.9253 - 0.9318 zone. Then a recovery up to above 0.9318 is expected.
EUR-JPY	It is a triangle configuration. Market should break either side. Acceleration should occur above 127.92 or under 122.36 limits.
EUR-CHF	It should test 1.4375 area after which a sell off down to 1.4160 or extended to 1.3991 area is expected.
EUR-GBP	Current fall is near an end of wave around 0.8570 zone, a rally should then procede to above 0.8872. Fall below 0.8436 would cancel this scenario.
EUR-CAD	It should try higher up to 1.3641 - 1.3775. Entry point 1.3507 or 1.3381. After this rise, a correction is expected.
EUR-NZD	Market should not go lower than 1.7812. After this move down it should go up to 1.8993 area.
EUR-AUD	It may meet resistance in 1.4389 - 1.4463 zone for a drift down to 1.4148 zone, after which bounce to 1.4703 is anticipated.
GBP-CHF	Currently uptrend should end around 1.6563 - 1.6767 area. A correction down to 1.6205 - 1.6052 is expected. A rise above 1.7075 will abort the expected correction.
GBP-JPY	While below 144.82 - 146.63 it is more likely to fall further towards 141.53 or 140.05. Premature rise above 146.63 could see it rising above 149.59 zone.
GBP-CAD	Market should hold major support at 1.4976 before rising towards 1.5737 or even 1.5939 limit.
GBP-AUD	One more dip to 1.6440 - 1.6339 is likely followed by a grind higher to 1.6637 - 1.6733. After which it can resume its downtrend.
CAD-JPY	One move lower to 90.14 or 87.80 is anticipated while below 93.48 - 94.65 area. Stop loss above 96.83 zone.
NZD-JPY	Currently uptrend should end around 70.93 - 69.93 area. A correction down to below 65.71 is expected. A rise above 71.58 will abort the expected correction.
AUD-JPY	One move lower to 84.53 or 82.18 is anticipated while below 87.47 - 88.65 area. Stop loss above 90.41 zone.
XAG-USD	One move lower to 17.82 or 17.00 is anticipated while below 18.70 - 19.11 area. Stop loss above 19.58 zone.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1199.50 or 1203.02 if support around 1157.33 hold. After which a pullback to 1157.33 - 1145.08 zone is possible.

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.