Weekly Market Comments - Monday 19 October 2009

[RTFX-Trading]

EUR-USD	Strength can extend to 1.4931 or 1.5016 as declines are expected to find support at 1.4846 or 1.4785. A fall below 1.4725 could turn it bearish.
USD-CHF	One more dip to 1.0152 - 1.0084 is likely followed by a grind higher to 1.0269 - 1.0319. After which it can resume its downtrend.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6385 or 1.6600 if support around 1.6154 hold. After which a pullback to 1.6154 - 1.6031 zone is possible.
USD-JPY	It should trade higher to 91.8567 while 90.3433 or 89.8550 offers support. Stop loss below 89.3667 zone.
USD-CAD	It should try higher up to 1.0417 - 1.0487. Entry point 1.0347 or 1.0294. After this rise, a correction is expected.
NZD-USD	Strength can extend to 0.7444 or 0.7507 as declines are expected to find support at 0.7382 or 0.7324. A fall below 0.7267 could turn it bearish.
AUD-USD	One move lower to 0.9014 or 0.8855 is anticipated while below 0.9222 - 0.9301 area. Stop loss above 0.9429 zone.
EUR-JPY	Current rise should end around 136.9367. Objectives of this downmove are 132.8967 or 130.4433. A rise above 138.5233 is again bullish.
EUR-CHF	Current upmove should be ended around 1.5187 - 1.5208. Any correction consolidation should find support in 1.5148 - 1.5129 zone.
EUR-GBP	It looks more likely that it would rise to 0.9315 - 0.9523 from 0.9100 or 0.8996. After which a downside move is expected.
EUR-CAD	It should test 1.5649 area after which a sell off down to 1.5294 or extended to 1.5127 area is expected.
EUR-NZD	It may attempt a test higher to 2.0201 - 2.0284 after which weakness may set it to a drift down to below 1.9980 limit.
EUR-AUD	It may meet resistance in 1.6238 - 1.6257 zone for a drift down to 1.6117 zone, after which bounce to 1.6378 is anticipated.
GBP-CHF	It looks set for gains to 1.6858. Supports at 1.6388 and 1.6289. A break of 1.5919 will damage this bullish structure.
GBP-JPY	Current rise seems to be over near 148.9750 or 151.5667 for a retracement towards 146.3833 - 144.9100 area.
GBP-CAD	It should test 1.7677 area after which a sell off down to 1.6470 or extended to 1.5960 area is expected.
GBP-AUD	It should test 1.8282 area after which a sell off down to 1.7482 or extended to 1.7133 area is expected.
CAD-JPY	One move lower to 86.2200 or 84.9000 is anticipated while below 87.9200 - 88.5800 area. Stop loss above 89.6200 zone.
NZD-JPY	While below 67.6700 - 68.4233 it is more likely to fall further towards 66.2950 or 65.6733. Premature rise above 68.4233 could see it rising above 69.6667 zone.
AUD-JPY	One move lower to 81.5000 or 79.6500 is anticipated while below 83.7850 - 84.7100 area. Stop loss above 86.0700 zone.
XAG-USD	A corrective rise should ideally test 17.9667 or even higher than 18.4833. Supports are at 17.0500. Stop loss below 16.6833 zone.
XAU-USD	Should test support at 1040.1602 while below 1052.4900. If support at 1040.1602 holds it can rise up to 1067.8102, if not it should fall to below 1027.8301 zone.

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

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