Monthly Market Comments - Thursday 01 October 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4846 or 1.4933 if support around 1.4555 hold. After which a pullback to 1.4555 - 1.4410 zone is possible.
USD-CHF	It is likely to fall towards 1.0129 - 0.9895 unless a corrective rally breaks the 1.0534 resistance. Stop above 1.0651 zone.
GBP-USD	Market should not go lower than 1.5877 - 1.5588. After this move down it should go up to 1.6362 - 1.6559 area.
USD-JPY	Current fall is near an end of wave around 87.4833 zone, a rally should then procede to above 92.6733. Fall below 85.2667 would cancel this scenario.
USD-CAD	There is bearish potential for a fall to 1.0643 - 1.0490 while 1.0796 - 1.0898 resist. After this fall a recovery up to 1.0898 or 1.1001 is expected.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7427 or 0.7468 if support around 0.7077 hold. After which a pullback to 0.7077 - 0.6959 zone is possible.
AUD-USD	Currently uptrend should end around 0.8837 - 0.9036 area. A correction down to below 0.8430 is expected. A rise above 0.9244 will abort the expected correction.
EUR-JPY	Market should not go lower than 130.5650 - 128.9233. After this move down it should go up to 133.4000 - 134.5933 area.
EUR-CHF	It should trade higher to above 1.5248 while 1.5124 - 1.5085 offer support. Stop Loss below 1.4999 zone.
EUR-GBP	Strength can extend to 0.9230 or 0.9406 as declines are expected to find support at 0.9055 or 0.8932. A fall below 0.8810 could turn it bearish.
EUR-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6097 or under 1.5404 limits.
EUR-NZD	Market should not go lower than 2.0217 - 1.9876. After this move down it should go up to 2.0746 - 2.0932 area.
EUR-AUD	There is bearish potential for a fall to 1.6569 - 1.6349 while 1.6790 - 1.6910 resist. After this fall a recovery up to 1.6910 or 1.7030 is expected.
GBP-CHF	One more dip to 1.6393 - < s1> is likely followed by a grind higher to 1.7002 - 1.7261. After which it can resume its downtrend.
GBP-JPY	Current fall is near an end of wave around 137.6667 zone, a rally should then procede to above 151.1667. Fall below 131.9633 would cancel this scenario.
GBP-CAD	Market should not go lower than 1.7086 - 1.6751. After this move down it should go up to 1.7593 - 1.7765 area.
GBP-AUD	Market should not go lower than 1.7510. After this move down it should go up to 1.9104 area.
CAD-JPY	Market should hold major support at 79.8733 before rising towards 86.7400 or even 89.6000 limit.
NZD-JPY	Currently uptrend should end around 65.6400 - 66.9467 area. A correction down to below 62.2767 is expected. A rise above 69.0033 will abort the expected correction.
AUD-JPY	It may attempt a test higher to 79.6200 - 80.6900 after which weakness may set it to a drift down to below 77.0500 limit.
XAG-USD	Strength can extend to 17.1600 or 17.9967 as declines are expected to find support at 16.3233 or 15.6500. A fall below 14.9767 could turn it bearish.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1038.2299 or 1039.0867 if support around 992.8433 hold. After which a pullback to 992.8433 - 977.1400 zone is possible.

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.