Daily Market Comments - Friday 16 October 2009

[RTFX-Trading]

EUR-USD	It should try higher up to 1.4958 - 1.4996. Entry point 1.4920 or 1.4896. After this rise, a correction is expected.
USD-CHF	It is likely to fall towards 1.0110 - 1.0075 unless a corrective rally breaks the 1.0171 resistance. Stop above 1.0189 zone.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6426 or 1.6388 if support around 1.6181 hold. After which a pullback to 1.6181 - 1.6121 zone is possible.
USD-JPY	Current rise seems to be over near 90.6650 or 91.1300 for a retracement towards 90.2000 - 89.9100 area.
USD-CAD	It should try higher up to 1.0355 - 1.0404. Entry point 1.0306 or 1.0273. After this rise, a correction is expected.
NZD-USD	While below 0.7465 - 0.7489 it is more likely to fall further towards 0.7420 or 0.7397. Premature rise above 0.7489 could see it rising above 0.7534 zone.
AUD-USD	One move lower to 0.9158 or 0.9111 is anticipated while below 0.9217 - 0.9240 area. Stop loss above 0.9275 zone.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 136.0435 or 136.0633 if support around 134.6967 hold. After which a pullback to 134.6967 - 134.3450 zone is possible.
EUR-CHF	It should test 1.5204 area after which a sell off down to 1.5137 or extended to 1.5108 area is expected.
EUR-GBP	Market should not go lower than 0.9165 - 0.9104. After this move down it should go up to 0.9266 - 0.9307 area.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5474 or 1.5530 if support around 1.5394 hold. After which a pullback to 1.5394 - 1.5356 zone is possible.
EUR-NZD	It may attempt a test higher to 2.0131 - 2.0188 after which weakness may set it to a drift down to 1.9965 limit.
EUR-AUD	One more dip to 1.6217 - 1.6183 is likely followed by a grind higher to 1.6280 - 1.6309. After which it can resume its downtrend.
GBP-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6616 or 1.6646 if support around 1.6427 hold. After which a pullback to 1.6427 - 1.6359 zone is possible.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 149.0067 or 149.0100 if support around 145.9200 hold. After which a pullback to 145.9200 - 145.0850 zone is possible.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6973 or 1.7006 if support around 1.6683 hold. After which a pullback to 1.6683 - 1.6590 zone is possible.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7726 or 1.7812 if support around 1.7611 hold. After which a pullback to 1.7611 - 1.7542 zone is possible.
CAD-JPY	Resistances lie around 87.9150 and 88.1800. It should test lower towards 87.0600 zone. A clear break of 87.4100 would be bearish.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 67.8701 or 67.9667 if support around 67.0433 hold. After which a pullback to 67.0433 - 66.7700 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 84.1466 or 83.9767 if support around 82.8733 hold. After which a pullback to 82.8733 - 82.5650 zone is possible.
XAG-USD	Market should not go lower than 17.3450 - 17.1367. After this move down it should go up to 17.6700 - 17.7867 area.
XAU-USD	Market should not go lower than 1048.4349 - 1042.6066. After this move down it should go up to 1058.1000 - 1061.9366 area.

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.