Weekly Market Comments - Monday 31 August 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4402 - 1.4503 from 1.4253 or 1.4203. After which a downside move is expected.
USD-CHF	No comment!
GBP-USD	It is likely to fall towards 1.6103 - 1.5932 unless a corrective rally breaks the 1.6409 resistance. Stop above 1.6495 zone.
USD-JPY	It might hold above 93.3950 or 92.8400 for a rise towards above 94.6800. Stop loss below 92.1100 zone.
USD-CAD	It should be subject to more sell off towards 1.0751 or 1.0585. Corrective upward swings should face resistance around 1.1010 area. A break of 1.1187 is bullish.
NZD-USD	While below 0.6906 it is more likely to fall further towards 0.6840 or 0.6812 level.
AUD-USD	Currently uptrend should end around 0.8442 - 0.8510 area. A correction down to 0.8327 - 0.8279 is expected. A rise above 0.8606 will abort the expected correction.
EUR-JPY	No comment!
EUR-CHF	Current move should be supported in 1.5154 - 1.5123 zone for a rise to 1.5215. A break below 1.5092 opens the way down.
EUR-GBP	While below 0.8813 - 0.8865 it is more likely to fall further towards 0.8723 or 0.8684. Premature rise above 0.8865 could see it rising above 0.8942 zone.
GBP-CHF	Current fall is near an end of wave around 1.7089 zone, a rally should then procede to above 1.7468. Fall below 1.6932 would cancel this scenario.
GBP-JPY	Market should not go lower than 151.6850 - 149.9666. After this move down it should go up to 154.5650 - 155.7266 area.
NZD-JPY	Current move should be supported in 63.7500 - 63.2533 zone for a rise to 65.0833. A break below 62.4167 opens the way down.
AUD-JPY	It looks set for gains to 79.9800. Supports at 78.0350 and 77.4200. A break of 76.0900 will damage this bullish structure.
XAG-USD	It should trade lower to 14.2500. Resistances are at 15.0500 and 15.3600. A break of 15.8500 is bullish, confirmed by a close above 15.2800.
XAU-USD	It looks set for gains to 966.9900. Supports at 945.7700 and 940.3700. A break of 924.5500 will damage this bullish structure.

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