Daily Market Comments - Monday 21 September 2009

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.4725 - after which weakness may set it to a drift down to 1.4651 limit.
USD-CHF	While below 1.0324 - 1.0341 it might drop to 1.0270 or 1.0237.
GBP-USD	Market should not go lower than 1.6137. After this move down it should go up to 1.6383 area.
USD-JPY	Current rise should end around 91.6067. Objectives of this downmove are 91.0767 or 90.7733. A rise above 91.8333 is again bullish.
USD-CAD	Resistances lie around 1.0731 and 1.0760. It should test lower towards 1.0636 zone. A clear break of 1.0665 would be bearish.
NZD-USD	Market should pop up towards 0.7106 or 0.7117 this bullish scenario would be damaged if 0.7081 - 0.7066 zone is broken, a severe break down could then occur.
AUD-USD	Market should pop up towards 0.8703 or 0.8719 this bullish scenario would be damaged if 0.8663 - 0.8640 zone is broken, a severe break down could then occur.
EUR-JPY	Uptrend is still intact. It should continue to rally to 135.1400 or 135.6600 if supports at 134.2300 - 134.0350 area hold. Stop loss below 133.8400.
EUR-CHF	Current fall is near an end of wave around 1.5131 zone, a rally should then procede to above 1.5166. Fall below 1.5115 would cancel this scenario.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9109 or 0.9089 if support around 0.9022 hold. After which a pullback to 0.9022 - 0.9005 zone is possible.
GBP-CHF	Support at 1.6724 or 1.6655 should hold the downside for a correction to above 1.6865 zone.
GBP-JPY	Market should not go lower than 148.3200 - 147.7400. After this move down it should go up to 149.2200 - 149.5400 area.
NZD-JPY	It should be subject to more sell off towards 64.5134 or 64.2667. Corrective upward swings should face resistance around 64.7700 area. A break of 65.2467 is bullish.
AUD-JPY	One more dip to 79.1100 - 78.9700 is likely followed by a grind higher to 79.3850 - 79.5200. After which it can resume his downtrend.
XAG-USD	It might hold above 16.9950 or 16.8700 for a rise towards above 17.2500. Stop loss below 16.7400 zone.
XAU-USD	Market should not go lower than 1006.4249 - 1002.5899. After this move down it should go up to 1012.2649 - 1014.2699 area.

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

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