Daily Market Comments - Monday 26 October 2009

[RTFX-Trading]

EUR-USD	Support at 1.4990 or 1.4967 should hold. Then a correction to above 1.5088 is anticipated. A clear break of 1.4938 is again bearish.
USD-CHF	Current upmove should be over between 1.0099 and 1.0120. A correction down to 0.9984 is anticipated. A break of 1.0145 is bullish.
GBP-USD	Market should not go lower than 1.6303 - 1.6174. After this move down it should go up to 1.6500 - 1.6567 area.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 92.5828 or 92.3667 if support around 91.8233 hold. After which a pullback to 91.8233 - 91.6750 zone is possible.
USD-CAD	Currently uptrend should end around 1.0566 - 1.0564 area. A correction down to below 1.0468 is expected. A rise above 1.0602 will abort the expected correction.
NZD-USD	No comment!
AUD-USD	Market should not go lower than 0.9211 - 0.9183. After this move down it should go up to 0.9259 - 0.9279 area.
EUR-JPY	While below 138.2150 - 138.5633 it is more likely to fall further towards 137.6200 or 137.3733. Premature rise above 138.5633 could see it rising above 139.0567 zone.
EUR-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5145 or 1.5153 if support around 1.5125 hold. After which a pullback to 1.5125 - 1.5117 zone is possible.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9228 or 0.9273 if support around 0.9138 hold. After which a pullback to 0.9138 - 0.9099 zone is possible.
EUR-CAD	Resistances lie around 1.5810 and 1.5841. It should test lower towards 1.5719 zone. A clear break of 1.5775 would be bearish.
EUR-NZD	No comment!
EUR-AUD	Current upmove should be ended around 1.6281 - 1.6314. Any correction consolidation should find support in 1.6222 - 1.6195 zone.
GBP-CHF	Market should not go lower than 1.6440 - 1.6321. After this move down it should go up to 1.6629 - 1.6700 area.
GBP-JPY	It looks more likely that it would rise to 152.2633 - 154.3767 from 150.0700 or 149.0133. After which a downside move is expected.
GBP-CAD	There is bearish potential for a fall to 1.7148 - 1.7013 while 1.7283 - 1.7357 resist. After this fall a recovery up to 1.7357 or 1.7430 is expected.
GBP-AUD	No comment!
CAD-JPY	Uptrend is still intact. It should continue to rally to 88.0567 or 88.4633 if supports at 87.3667 - 87.2250 area hold. Stop loss below 87.0833.
NZD-JPY	While below 69.7733 it is more likely to fall further towards 69.4167 or 69.2450 level.
AUD-JPY	Resistances lie around 85.1200 and 85.3133. It should test lower towards 84.5233 zone. A clear break of 84.8600 would be bearish.
XAG-USD	While above 17.5850 - 17.4633 zone a corrective dip could test 17.7067 or 17.9333. After which it should resume his downtrend.
XAU-USD	There is bearish potential for a fall to 1052.6750 - 1047.6168 while 1057.7334 - 1061.4751 resist. After this fall a recovery up to 1061.4751 or 1065.2168 is expected.

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.