Daily Market Comments - Monday 07 September 2009

[RTFX-Trading]

EUR-USD	It should trade higher to 1.4356 while 1.4247 or 1.4221 offers support. Stop loss below 1.4139 zone.
USD-CHF	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.0699 or under 1.0579 limits.
GBP-USD	Currently uptrend should end around 1.6437 - 1.6444 area. A correction down to below 1.6320 is expected. A rise above 1.6489 will abort the expected correction.
USD-JPY	Current rise seems to be over near 93.1300 or 93.4100 for a retracement towards 92.8500 - 92.6550 area.
USD-CAD	Market should not go lower than 1.0772. After this move down it should go up to 1.0995 area.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6953 or 0.6923 if support around 0.6846 hold. After which a pullback to 0.6846 - 0.6822 zone is possible.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8592 or 0.8570 if support around 0.8474 hold. After which a pullback to 0.8474 - 0.8443 zone is possible.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 133.6301 or 133.6134 if support around 132.6767 hold. After which a pullback to 132.6767 - 132.3950 zone is possible.
EUR-CHF	It should find support in 1.5143 - 1.5118 area for a rally to 1.5210. Unexpected fall below 1.5118 will dent this bullish view.
EUR-GBP	Current fall is near an end of wave around 0.8703 zone, a rally should then procede to above 0.8745. Fall below 0.8683 would cancel this scenario.
GBP-CHF	While below 1.7415 - 1.7450 it is more likely to fall further towards 1.7351 or 1.7321. Premature rise above 1.7450 could see it rising above 1.7510 zone.
GBP-JPY	Currently uptrend should end around 153.6101 - 153.2133 area. A correction down to below 151.3433 is expected. A rise above 153.9067 will abort the expected correction.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 64.9168 or 64.4767 if support around 63.5833 hold. After which a pullback to 63.5833 - 63.3100 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 80.1533 or 79.8433 if support around 78.6867 hold. After which a pullback to 78.6867 - 78.3350 zone is possible.
XAG-USD	Current rise should end around 16.4433. Objectives of this downmove are 15.9333 or 15.6267. A rise above 16.6467 is again bullish.
XAU-USD	Current rise should end around 998.5167. Objectives of this downmove are 987.5966 or 981.1733. A rise above 1003.0134 is again bullish.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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