Daily Market Comments - Thursday 08 October 2009

[RTFX-Trading]

EUR-USD	It is a triangle configuration . Market should break either side. Acceleration should occur above 1.4737 or under 1.4650 limits.
USD-CHF	Currently uptrend should end around 1.0344 - 1.0373 area. A correction down to 1.0293 - 1.0271 is expected. A rise above 1.0417 will abort the expected correction.
GBP-USD	It should be subject to more sell off towards 1.5914 or 1.5894. Corrective upward swings should face resistance around 1.6075 area. A break of 1.6048 is bullish.
USD-JPY	It is likely to fall towards 87.9533 - 87.2967 unless a corrective rally breaks the 88.9950 resistance. Stop above 89.3233 zone.
USD-CAD	Market should hold major support at 1.0518 before rising towards 1.0665 or even 1.0717 limit.
NZD-USD	While below 0.7381 - 0.7401 it is more likely to fall further towards 0.7343 or 0.7324. Premature rise above 0.7401 could see it rising above 0.7438 zone.
AUD-USD	One move lower to 0.8868 or 0.8825 is anticipated while below 0.8931 - 0.8953 area. Stop loss above 0.8995 zone.
EUR-JPY	One more dip to 129.8750 - < s1> is likely followed by a grind higher to 130.6350 - 130.9866. After which it can resume its downtrend.
EUR-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5191 or 1.5197 if support around 1.5155 hold. After which a pullback to 1.5155 - 1.5143 zone is possible.
EUR-GBP	It looks more likely that it would rise to 0.9254 - 0.9307 from 0.9196 or 0.9169. After which a downside move is expected.
EUR-CAD	Market should hold major support at 1.5476 before rising towards 1.5635 or even 1.5678 limit.
EUR-NZD	One more dip to 1.9927 - < s1> is likely followed by a grind higher to 2.0005 - 2.0039. After which it can resume its downtrend.
EUR-AUD	It may meet resistance in 1.6484 - 1.6500 zone for a drift down to 1.6435 zone, after which bounce to 1.6549 is anticipated.
GBP-CHF	It should trade higher to 1.6568 while 1.6439 or 1.6402 offers support. Stop loss below 1.6366 zone.
GBP-JPY	It should test 142.7900 area after which a sell off down to 140.1467 or extended to 138.7833 area is expected.
GBP-CAD	It should test 1.7119 area after which a sell off down to 1.6803 or extended to 1.6660 area is expected.
GBP-AUD	It should test 1.8033 area after which a sell off down to 1.7778 or extended to 1.7637 area is expected.
CAD-JPY	There is bearish potential for a fall to 83.0500 while 83.6800 - 83.9050 resist. After this fall a recovery up to 83.9050 or 84.1300 is expected.
NZD-JPY	It may attempt a test higher to 65.3800 - after which weakness may set it to a drift down to 64.8733 limit.
AUD-JPY	It looks more likely that it would rise to 79.3967 - 79.8233 from 78.7800 or 78.5667. After which a downside move is expected.
XAG-USD	One move lower to 17.3767 or 17.1833 is anticipated while below 17.5700 - 17.6667 area. Stop loss above 17.7633 zone.
XAU-USD	One move lower to 1037.7400 or 1031.3300 is anticipated while below 1046.3450 - 1049.5500 area. Stop loss above 1054.9501 zone.

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.