Daily Market Comments - Thursday 16 July 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4172 or 1.4174 if support around 1.4069 hold. After which a pullback to 1.4069 - 1.4036 zone is possible.
USD-CHF	Market should not go lower than 1.0733 - 1.0680. After this move down it should go up to 1.0818 - 1.0850 area.
GBP-USD	While below 1.6446 - 1.6494 it is more likely to fall further towards 1.6364 or 1.6329. Premature rise above 1.6494 could see it rising above 1.6563 zone.
USD-JPY	Currently uptrend should end around 94.8228 - 94.7067 area. A correction down to below 93.5067 is expected. A rise above 95.1833 will abort the expected correction.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 134.4534 or 134.0733 if support around 132.2667 hold. After which a pullback to 132.2667 - 131.7000 zone is possible.
EUR-CHF	Decline should be supported around 1.5104 zone for rally to above 1.5244. A clear break of 1.5060 will damage this expected rally.
EUR-GBP	It should trade higher to 0.8613 or above 0.8638 in extention. Supports at 0.8568 and 0.8555. Stop loss below 0.8522 zone.
USD-CAD	It might hold above 1.1121 or 1.1046 for a rise towards above 1.1237 or 1.1277. Stop loss below 1.0966 zone.
NZD-USD	While below 0.6500 - 0.6538 it is more likely to fall further towards 0.6437 or 0.6411. Premature rise above 0.6538 could see it rising above 0.6589 zone.
AUD-USD	One move lower to 0.7951 or 0.7873 is anticipated while below 0.8043 - 0.8082 area. Stop loss above 0.8135 zone.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 13.5333 or 13.4733 if support around 13.1867 hold. After which a pullback to 13.1867 - 13.0900 zone is possible.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 949.4679 or 946.0034 if support around 935.3867 hold. After which a pullback to 935.3867 - 931.9200 zone is possible.

Trading Desk, RTFX Ltd
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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.