Daily Market Comments - Monday 19 July 2010

[RTFX-Trading]

EUR-USD	A corrective rise should ideally test 1.2992 or even higher than 1.3058. Supports are at 1.2883. Stop loss below 1.2824 zone.
USD-CHF	It should try higher up to 1.0529 - 1.0572. Entry point 1.0486 or 1.0459. After this rise, a correction is expected.
GBP-USD	Current move should be supported in 1.5290 - 1.5231 zone for a rise to 1.5534. A break below 1.5162 opens the way down.
USD-JPY	It may meet resistance in 86.67 - 86.81 zone for a drift down to 86.12 zone, after which bounce to 87.36 is anticipated.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0648 or 1.0610 if support around 1.0495 hold. After which a pullback to 1.0495 - 1.0463 zone is possible.
NZD-USD	Market should not go lower than 0.7105 - 0.7043. After this move down it should go up to 0.7203 - 0.7237 area.
AUD-USD	Market should not go lower than 0.8631. After this move down it should go up to 0.8801 area.
EUR-JPY	Market should not go lower than 111.79 - 111.26. After this move down it should go up to 112.69 - 113.08 area.
EUR-CHF	Current rise seems to be over near 1.3609 or 1.3660 for a retracement towards 1.3558 - 1.3525 area.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8493 or 0.8486 if support around 0.8425 hold. After which a pullback to 0.8425 - 0.8406 zone is possible.
EUR-CAD	One move lower to 1.3479 or 1.3324 is anticipated while below 1.3646 - 1.3724 area. Stop loss above 1.3814 zone.
EUR-NZD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8463 or 1.8350 if support around 1.8048 hold. After which a pullback to 1.8048 - 1.7961 zone is possible.
EUR-AUD	One move lower to 1.4690 or 1.4516 is anticipated while below 1.4883 - 1.4970 area. Stop loss above 1.5075 zone.
GBP-CHF	It looks set for gains to 1.6148. Supports at 1.6046 and 1.6017. A break of 1.5944 will damage this bullish structure.
GBP-JPY	Market should not go lower than 132.31 - 131.35. After this move down it should go up to 133.90 - 134.53 area.
GBP-CAD	One move lower to 1.6036 or 1.5935 is anticipated while below 1.6165 - 1.6215 area. Stop loss above 1.6293 zone.
GBP-AUD	One move lower to 1.7483 or 1.7372 is anticipated while below 1.7614 - 1.7669 area. Stop loss above 1.7745 zone.
CAD-JPY	Current fall is near an end of wave around 81.17 zone, a rally should then procede to above 83.72. Fall below 80.17 would cancel this scenario.
NZD-JPY	Market should not go lower than 60.42. After this move down it should go up to 63.17 area.
AUD-JPY	Market should not go lower than 73.86. After this move down it should go up to 76.81 area.
XAG-USD	Market should not go lower than 17.81 - 17.62. After this move down it should go up to 18.13 - 18.26 area.
XAU-USD	Market should pop up towards 1201.95 or 1207.18 this bullish scenario would be damaged if 1189.61 - 1182.51 zone is broken, a severe break down could then occur.

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.