Weekly Market Comments - Monday 05 October 2009

[RTFX-Trading]

EUR-USD	One more dip to 1.4526 - 1.4460 is likely followed by a grind higher to 1.4646 - 1.4701. After which it can resume his downtrend.
USD-CHF	Strength can extend to 1.0404 or even 1.0456 as declines are expected to find support at 1.0353 or 1.0304. Stop Loss below 1.0255 zone.
GBP-USD	One more dip to 1.5842 - 1.5747 is likely followed by a grind higher to 1.6020 - 1.6103. After which it can resume his downtrend.
USD-JPY	Market should hold major support at 87.7300 before rising towards 90.6867 or even 91.6333 limit.
USD-CAD	While above 1.0749 - 1.0667 zone a corrective upmove could test 1.0909 or 1.0988. After which it should resume its downtrend.
NZD-USD	It looks more likely that it would rise to 0.7247 - 0.7337 from 0.7118 or 0.7073. After which a downside move is expected.
AUD-USD	It looks more likely that it would rise to 0.8806 - 0.8978 from 0.8602 or 0.8516. After which a downside move is expected.
EUR-JPY	It should try higher up to 131.3950 - 132.1833. Entry point 130.6067 or 129.8950. After this rise, a correction is expected.
EUR-CHF	While below 1.5092 - 1.5136 it could fall towards below 1.4973. Rise above 1.5166 could activate some bullish pattern.
EUR-GBP	It looks more likely that it would rise to 0.9279 - 0.9401 from 0.9117 or 0.9056. After which a downside move is expected.
EUR-CAD	No comment!
EUR-NZD	Market should hold major support at 2.0009 before rising towards 2.0594 or even 2.0829 limit.
EUR-AUD	It should test 1.7097 area after which a sell off down to 1.6588 or extended to 1.6095 area is expected.
GBP-CHF	If market stays below 1.6608 a fall to 1.6226 is expected. If market breaks the point 1.6736 it could reach the sky.
GBP-JPY	It should try higher up to 143.6800 - 144.9867. Entry point 142.3733 or 141.2850. After this rise, a correction is expected.
GBP-CAD	One more dip to 1.7142 - 1.7038 is likely followed by a grind higher to 1.7340 - 1.7434. After which it can resume his downtrend.
GBP-AUD	It should test 1.8748 area after which a sell off down to 1.8168 or extended to 1.7909 area is expected.
CAD-JPY	It should test 83.8800 area after which a sell off down to 80.9833 or extended to 79.0567 area is expected.
NZD-JPY	It should trade higher to above 65.2300 while 63.6500 - 63.1500 offer support. Stop Loss below 62.0700 zone.
AUD-JPY	No comment!
XAG-USD	Market should not go lower than 15.9300 - 15.6533. After this move down it should go up to 16.4350 - 16.6633 area.
XAU-USD	If market stays below 1006.1200 a fall to 988.4067 is expected. If market breaks the point 1013.0767 it could reach the sky.

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

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