Weekly Market Comments - Monday 12 October 2009

[RTFX-Trading]

EUR-USD	While below 1.4824 it is more likely to fall further towards 1.4702 or 1.4645 level.
USD-CHF	It should trade higher to above 1.0380 while 1.0279 - 1.0251 offer support. Stop Loss below 1.0177 zone.
GBP-USD	While below 1.5847 - 1.5931 it could fall towards below 1.5637. Rise above 1.5984 could activate some bullish pattern.
USD-JPY	Market should hold major support at 88.1800 before rising towards 90.5100 or even 91.2300 limit.
USD-CAD	Market should not go lower than 1.0222. After this move down it should go up to 1.0633 - 1.0708 area.
NZD-USD	Strength can extend to 0.7401 or 0.7488 as declines are expected to find support at 0.7313 or 0.7243. A fall below 0.7173 could turn it bearish.
AUD-USD	Current rise seems to be over near 0.9064 or 0.9203 for a retracement towards 0.8925 - 0.8842 area.
EUR-JPY	It should trade higher to 133.0134 or above 133.9667 in extention. Supports at 130.8200 and 130.3434. Stop loss below 128.6267 zone.
EUR-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5219 or 1.5228 if support around 1.5157 hold. After which a pullback to 1.5157 - 1.5138 zone is possible.
EUR-GBP	Uptrend is still intact. It should continue to rally to 0.9390 or 0.9488 if supports at 0.9238 - 0.9211 area hold. Stop loss below 0.9184.
EUR-CAD	Market should not go lower than 1.5055. After this move down it should go up to 1.5669 area.
EUR-NZD	One more dip to 1.9930 - < s1> is likely followed by a grind higher to 2.0234 - 2.0364. After which it can resume its downtrend.
EUR-AUD	Market should not go lower than 1.5999. After this move down it should go up to 1.6676 area.
GBP-CHF	There is bearish potential for a fall to 1.6327 - 1.6245 while 1.6409 - 1.6469 resist. After this fall a recovery up to 1.6469 or 1.6528 is expected.
GBP-JPY	It should trade higher to 144.2600 or above 146.2400 in extention. Supports at 141.0000 and 140.0100. Stop loss below 137.7400 zone.
GBP-CAD	Market should not go lower than 1.6195. After this move down it should go up to 1.7031 area.
GBP-AUD	Market should not go lower than 1.7222. After this move down it should go up to 1.8130 area.
CAD-JPY	Current rise seems to be over near 86.0700 or 87.1867 for a retracement towards 84.9533 - 84.3450 area.
NZD-JPY	Current rise seems to be over near 66.0350 or 66.7033 for a retracement towards 65.3667 - 65.0000 area.
AUD-JPY	Current rise seems to be over near 81.1850 or 82.4533 for a retracement towards 79.9167 - 79.2600 area.
XAG-USD	Current rise seems to be over near 17.8200 or 18.4133 for a retracement towards 17.2267 - 16.8800 area.
XAU-USD	Strength can extend to 1054.9001 or even higher than 1072.8035 as declines are expected to find support at 1024.6951 or 1012.3934. A fall below 976.5867 could turn it bearish.

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.