Weekly Market Comments - Monday 28 June 2010

[RTFX-Trading]

EUR-USD	Current upmove should be ended around 1.2425 - 1.2497. Any correction consolidation should find support in 1.2297 - 1.2240 zone.
USD-CHF	It may meet resistance in 1.0928 - 1.0997 zone for a drift down to 1.0855 zone, after which bounce to 1.1070 is anticipated.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5211 or 1.5192 if support around 1.4940 hold. After which a pullback to 1.4940 - 1.4875 zone is possible.
USD-JPY	Market should not go lower than 89.24 - 88.50. After this move down it should go up to 90.37 - 90.75 area.
USD-CAD	Currently uptrend should end around 1.0414 - 1.0506 area. A correction down to 1.0249 - 1.0175 is expected. A rise above 1.0653 will abort the expected correction.
NZD-USD	Currently uptrend should end around 0.7230 - 0.7203 area. A correction down to below 0.7037 is expected. A rise above 0.7265 will abort the expected correction.
AUD-USD	While below 0.8805 - 0.8875 it is more likely to fall further towards 0.8673 or 0.8611. Premature rise above 0.8875 could see it rising above 0.8999 zone.
EUR-JPY	There is bearish potential for a fall to 108.92 while 111.17 - 111.98 resist. After this fall a recovery up to 111.98 or 112.79 is expected.
EUR-CHF	Current fall is near an end of wave around 1.3409 zone, a rally should then procede to above 1.3711. Fall below 1.3284 would cancel this scenario.
EUR-GBP	Market should not go lower than 0.8201 - 0.8142. After this move down it should go up to 0.8301 - 0.8341 area.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2951 or 1.2987 if support around 1.2754 hold. After which a pullback to 1.2754 - 1.2675 zone is possible.
EUR-NZD	One more dip to 1.7264 - 1.7177 is likely followed by a grind higher to 1.7434 - 1.7516. After which it can resume its downtrend.
EUR-AUD	It should trade higher to 1.4326 or above 1.4502 in extention. Supports at 1.4057 and 1.3969. Stop loss below 1.3788 zone.
GBP-CHF	It should test 1.6502 area after which a sell off down to 1.6313 or extended to 1.6164 area is expected.
GBP-JPY	It looks more likely that it would rise to 135.96 - 137.45 from 133.78 or 133.03. After which a downside move is expected.
GBP-CAD	Current rise seems to be over near 1.5637 or 1.5848 for a retracement towards 1.5427 - 1.5304 area.
GBP-AUD	It should trade higher to 1.7478 while 1.7114 or 1.6980 offers support. Stop loss below 1.6847 zone.
CAD-JPY	Market should not go lower than 85.72 - 84.28. After this move down it should go up to 88.11 - 89.05 area.
NZD-JPY	It looks more likely that it would rise to 65.15 - 66.54 from 63.22 or 62.52. After which a downside move is expected.
AUD-JPY	It looks more likely that it would rise to 80.32 - 82.53 from 77.56 or 76.45. After which a downside move is expected.
XAG-USD	Currently uptrend should end around 19.26 - 19.61 area. A correction down to below 18.34 is expected. A rise above 20.18 will abort the expected correction.
XAU-USD	It should try higher up to 1259.88 - 1271.60. Entry point 1248.15 or 1239.57. After this rise, a correction is expected.

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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