Weekly Market Comments - Monday 05 July 2010

[RTFX-Trading]

EUR-USD	It should try higher up to 1.2581 - 1.2724. Entry point 1.2438 or 1.2351. After this rise, a correction is expected.
USD-CHF	One more dip to 1.0614 - 1.0504 is likely followed by a grind higher to 1.0797 - 1.0869. After which it can resume its downtrend.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5244 or 1.5326 if support around 1.5100 hold. After which a pullback to 1.5100 - 1.5035 zone is possible.
USD-JPY	Current fall is near an end of wave around 86.69 zone, a rally should then procede to above 89.18. Fall below 85.58 would cancel this scenario.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0822 or 1.0759 if support around 1.0540 hold. After which a pullback to 1.0540 - 1.0472 zone is possible.
NZD-USD	Market should not go lower than 0.6844 - 0.6741. After this move down it should go up to 0.7025 - 0.7101 area.
AUD-USD	Market should not go lower than 0.8371 - 0.8237. After this move down it should go up to 0.8601 - 0.8697 area.
EUR-JPY	Market should hold major support at 106.32 before rising towards 111.56 or even 112.93 limit.
EUR-CHF	Market should hold major support at 1.2898 before rising towards 1.3579 or even 1.3793 limit.
EUR-GBP	It should test 0.8409 area after which a sell off down to 0.8118 or extended to 0.7977 area is expected.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3593 or 1.3606 if support around 1.3153 hold. After which a pullback to 1.3153 - 1.3016 zone is possible.
EUR-NZD	Current rise seems to be over near 1.8237 or 1.8552 for a retracement towards 1.7921 - 1.7748 area.
EUR-AUD	Current rise seems to be over near 1.4919 or 1.5205 for a retracement towards 1.4632 - 1.4476 area.
GBP-CHF	One more dip to 1.6066 - 1.5927 is likely followed by a grind higher to 1.6331 - 1.6458. After which it can resume its downtrend.
GBP-JPY	It may attempt a test higher to 134.34 - 135.35 after which weakness may set it to a drift down to 131.38 limit.
GBP-CAD	Currently uptrend should end around 1.6625 - 1.6394 area. A correction down to below 1.5712 is expected. A rise above 1.6643 will abort the expected correction.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8474 or 1.8382 if support around 1.7776 hold. After which a pullback to 1.7776 - 1.7601 zone is possible.
CAD-JPY	Current fall is near an end of wave around 80.64 zone, a rally should then procede to above 85.59. Fall below 78.66 would cancel this scenario.
NZD-JPY	Market should not go lower than 58.52. After this move down it should go up to 62.22 - 63.10 area.
AUD-JPY	Market should not go lower than 71.06. After this move down it should go up to 77.38 area.
XAG-USD	Market should not go lower than 17.72 - 17.22. After this move down it should go up to 18.53 - 18.84 area.
XAU-USD	Market should not go lower than 1204.05 - 1184.45. After this move down it should go up to 1237.20 - 1250.75 area.

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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