Weekly Market Comments - Monday 26 October 2009

[RTFX-Trading]

EUR-USD	While below 1.5028 - 1.5094 it is more likely to fall further towards 1.4912 or 1.4862. Premature rise above 1.5094 could see it rising above 1.5193 zone.
USD-CHF	Current fall is near an end of wave around 1.0010 zone, a rally should then procede to above 1.0205. Fall below 0.9924 would cancel this scenario.
GBP-USD	A corrective rise should ideally test 1.6586 or even higher than 1.6866. Supports are at 1.5987. Stop loss below 1.5962 zone.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 92.4434 or 92.7667 if support around 91.4233 hold. After which a pullback to 91.4233 - 91.0750 zone is possible.
USD-CAD	It should trade higher to 1.0650 while 1.0458 or 1.0396 offers support. Stop loss below 1.0334 zone.
NZD-USD	Strength can extend to 0.7588 or 0.7660 as declines are expected to find support at 0.7515 or 0.7455. A fall below 0.7394 could turn it bearish.
AUD-USD	While below 0.9275 - 0.9329 it is more likely to fall further towards 0.9168 or 0.9114. Premature rise above 0.9329 could see it rising above 0.9436 zone.
EUR-JPY	Currently uptrend should end around 140.8600 - 139.3700 area. A correction down to below 135.7600 is expected. A rise above 140.6700 will abort the expected correction.
EUR-CHF	It should test 1.5142 area after which a sell off down to 1.5092 or extended to 1.5002 area is expected.
EUR-GBP	It should test 0.9372 area after which a sell off down to 0.9056 or extended to 0.8917 area is expected.
EUR-CAD	Current rise seems to be over near 1.5810 or 1.5958 for a retracement towards 1.5663 - 1.5573 area.
EUR-NZD	It is likely to fall towards 1.9663 - 1.9441 unless a corrective rally breaks the 2.0034 resistance. Stop above 2.0145 zone.
EUR-AUD	It should trade higher to 1.6349 or above 1.6436 in extention. Supports at 1.6172 and 1.6128. Stop loss below 1.5994 zone.
GBP-CHF	It looks more likely that it would rise to 1.6700 - 1.6938 from 1.6440 or 1.6321. After which a downside move is expected.
GBP-JPY	Should test support at 147.0800 while below 150.1500. If support at 147.0800 holds it can rise up to 153.2300, if not it should fall to below 144.0100 zone.
GBP-CAD	Resistances lie around 1.7356 and 1.7535. It should test lower towards 1.6803 zone. A clear break of 1.7101 would be bearish.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.7851 or even 1.7929. Supports at 1.7651 and 1.7528 zone.
CAD-JPY	It should find support in 86.7250 - 86.2133 area for a rally to 89.5367. Unexpected fall below 84.9367 will dent this bullish view.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 71.1666 or 70.4500 if support around 68.7400 hold. After which a pullback to 68.7400 - 68.2300 zone is possible.
AUD-JPY	While below 85.1200 - 85.8867 it is more likely to fall further towards 83.8650 or 83.3767. Premature rise above 85.8867 could see it rising above 86.8633 zone.
XAG-USD	It should trade higher to 18.0067 while 17.4750 or 17.3167 offers support. Stop loss below 16.9433 zone.
XAU-USD	Preferred view is for a fall to 1051.5750 - 1046.0599 while 1061.6099 - 1066.1299 area resists. A clear break of 1077.1599 would be bullish.

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.