Weekly Market Comments - Monday 17 May 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.2369 - 1.2127. After this move down it should go up to 1.2737 - 1.2863 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1463 or 1.1457 if support around 1.1191 hold. After which a pullback to 1.1191 - 1.1120 zone is possible.
GBP-USD	Market should not go lower than 1.4320. After this move down it should go up to 1.4895 area.
USD-JPY	There is bearish potential for a fall to 91.48 while 92.56 - 92.99 resist. After this fall a recovery up to 92.99 or 93.41 is expected.
USD-CAD	Difficult to predict the next move. If first down it should hold 1.0214 or 1.0154. If first up it should face resistance in 1.0355 - 1.0436 zone to 1.0154 zone.
NZD-USD	There is bearish potential for a fall to 0.7064 - 0.6987 while 0.7142 - 0.7182 resist. After this fall a recovery up to 0.7182 or 0.7223 is expected.
AUD-USD	Market should not go lower than 0.8855 - 0.8781. After this move down it should go up to 0.8969 - 0.9008 area.
EUR-JPY	Market should not go lower than 113.91 - 111.11. After this move down it should go up to 118.30 - 119.90 area.
EUR-CHF	There is bearish potential for a fall to 1.4006 - 1.3897 while 1.4115 - 1.4171 resist. After this fall a recovery up to 1.4171 or 1.4226 is expected.
EUR-GBP	No comment!
EUR-CAD	Market should not go lower than 1.2511. After this move down it should go up to 1.3084 - 1.3201 area.
EUR-NZD	Market should not go lower than 1.7176. After this move down it should go up to 1.7933 area.
EUR-AUD	Market should not go lower than 1.3952 - 1.3790. After this move down it should go up to 1.4206 - 1.4298 area.
GBP-CHF	It looks more likely that it would rise to 1.6672 - 1.6897 from 1.6357 or 1.6245. After which a downside move is expected.
GBP-JPY	Market should not go lower than 133.72 - 131.43. After this move down it should go up to 137.41 - 138.81 area.
GBP-CAD	Current fall is near an end of wave around 1.4743 zone, a rally should then procede to above 1.5344. Fall below 1.4490 would cancel this scenario.
GBP-AUD	Market should not go lower than 1.6315 - 1.6157. After this move down it should go up to 1.6599 - 1.6725 area.
CAD-JPY	While below 91.03 - 91.87 it might drop to 87.81 or 86.12.
NZD-JPY	There is bearish potential for a fall to 64.16 while 66.15 - 66.70 resist. After this fall a recovery up to 66.70 or 67.25 is expected.
AUD-JPY	Market should not go lower than 81.60. After this move down it should go up to 83.29 - 83.92 area.
XAG-USD	Currently uptrend should end around 19.79 - 20.02 area. A correction down to below 18.40 is expected. A rise above 20.73 will abort the expected correction.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1252.47 or 1258.42 if support around 1221.23 hold. After which a pullback to 1221.23 - 1207.12 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.