Weekly Market Comments - Monday 17 August 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.4074 while 1.4201 - 1.4258 resist. After this fall a recovery up to 1.4258 or 1.4315 is expected.
USD-CHF	Current move should be supported in 1.0702 - 1.0642 zone for a rise to 1.0853. A break below 1.0551 opens the way down.
GBP-USD	Current fall is near an end of wave around 1.6375 zone, a rally should then procede to above 1.6702. Fall below 1.6219 would cancel this scenario.
USD-JPY	It looks more likely that it would rise to 96.8833 - 98.9567 from 94.6200 or 93.5833. After which a downside move is expected.
USD-CAD	Current rise should end around 1.1117. Objectives of this downmove are 1.0835 or 1.0673. A rise above 1.1237 is again bullish.
NZD-USD	While below 0.6825 - 0.6901 it is more likely to fall further towards 0.6614 or 0.6463.
AUD-USD	No comment!
EUR-JPY	There is bearish potential for a fall to 132.8634 while 135.7367 - 136.5650 resist. After this fall a recovery up to 136.5650 or 137.3934 is expected.
EUR-CHF	It looks more likely that it would rise to 1.5321 - 1.5415 from 1.5224 or 1.5177. After which a downside move is expected.
EUR-GBP	Strength can extend to 0.8618 or even 0.8660 as declines are expected to find support at 0.8576 or 0.8537. Stop Loss below 0.8499 zone.
GBP-CHF	No comment!
GBP-JPY	There is bearish potential for a fall to 154.1600 while 158.5600 - 159.8450 resist. After this fall a recovery up to 159.8450 or 161.1300 is expected.
NZD-JPY	While above 63.5100 - 62.7033 zone a corrective upmove could test 65.0300 or 65.7433. After which it should resume its downtrend.
AUD-JPY	There is bearish potential for a fall to 78.3050 - 77.0700 while 79.5400 - 80.3550 resist. After this fall a recovery up to 80.3550 or 81.1700 is expected.
XAG-USD	While below 14.9400 - 15.2100 it is more likely to fall further towards 14.1500 or 13.6100.
XAU-USD	No comment!

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
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.