Weekly Market Comments - Monday 24 May 2010

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.2621 - 1.2780 after which weakness may set it to a drift down to below 1.2251 limit.
USD-CHF	While below 1.1540 - 1.1630 it is more likely to fall further towards 1.1380 or 1.1312. Premature rise above 1.1630 could see it rising above 1.1768 zone.
GBP-USD	It should try higher up to 1.4516 - 1.4612. Entry point 1.4420 or 1.4357. After this rise, a correction is expected.
USD-JPY	Market should not go lower than 89.48 - 88.32. After this move down it should go up to 91.48 - 92.32 area.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0690 or 1.0814 if support around 1.0530 hold. After which a pullback to 1.0530 - 1.0420 zone is possible.
NZD-USD	Current fall is near an end of wave around 0.6577 zone, a rally should then procede to above 0.7031. Fall below 0.6372 would cancel this scenario.
AUD-USD	One more dip to 0.8194 - 0.7971 is likely followed by a grind higher to 0.8588 - 0.8760. After which it can resume its downtrend.
EUR-JPY	Market should hold major support at 108.89 before rising towards 115.94 or even 118.73 limit.
EUR-CHF	Current rise seems to be over near 1.4517 or 1.4689 for a retracement towards 1.4346 - 1.4225 area.
EUR-GBP	Current rise seems to be over near 0.8726 or 0.8803 for a retracement towards 0.8649 - 0.8586 area.
EUR-CAD	It should trade higher to 1.3646 while 1.3148 or 1.2984 offers support. Stop loss below 1.2820 zone.
EUR-NZD	Current rise seems to be over near 1.8703 or 1.9119 for a retracement towards 1.8287 - 1.7994 area.
EUR-AUD	Current rise seems to be over near 1.5290 or 1.5738 for a retracement towards 1.4842 - 1.4532 area.
GBP-CHF	It should trade higher to 1.6775 while 1.6536 or 1.6473 offers support. Stop loss below 1.6409 zone.
GBP-JPY	Current fall is near an end of wave around 126.47 zone, a rally should then procede to above 134.54. Fall below 122.57 would cancel this scenario.
GBP-CAD	It should trade higher to 1.5580 or above 1.5814 in extention. Supports at 1.5091 and 1.4974. Stop loss below 1.4601 zone.
GBP-AUD	Current rise seems to be over near 1.7600 or 1.8028 for a retracement towards 1.7172 - 1.6868 area.
CAD-JPY	Market should not go lower than 83.98 - 81.79. After this move down it should go up to 87.74 - 89.32 area.
NZD-JPY	One more dip to 59.98 - 58.19 is likely followed by a grind higher to 63.18 - 64.60. After which it can resume its downtrend.
AUD-JPY	One more dip to 73.36 - 70.53 is likely followed by a grind higher to 78.34 - 80.49. After which it can resume its downtrend.
XAG-USD	No comment!
XAU-USD	No comment!

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16th September Square Mosta, MST 1180 Malta
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