Daily Market Comments - Thursday 29 October 2009

[RTFX-Trading]

EUR-USD	It should register further gains to 1.4812 while 1.4662 - 1.4601 caps downside attempts. Stop loss below 1.4512 zone.
USD-CHF	Currently uptrend should end around 1.0291 - 1.0295 area. A correction down to below 1.0210 is expected. A rise above 1.0329 will abort the expected correction.
GBP-USD	Current upmove should be ended around 1.6425 - 1.6472. Any correction consolidation should find support in 1.6334 - 1.6290 zone.
USD-JPY	Market should not go lower than 89.8895. After this move down it should go up to 91.4567 area.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0826 or 1.0862 if support around 1.0750 hold. After which a pullback to 1.0750 - 1.0718 zone is possible.
NZD-USD	Market should not go lower than 0.7204 - 0.7117. After this move down it should go up to 0.7337 - 0.7384 area.
AUD-USD	Market should not go lower than 0.8970 - 0.8892. After this move down it should go up to 0.9093 - 0.9137 area.
EUR-JPY	Market should not go lower than 131.6668. After this move down it should go up to 135.2100 area.
EUR-CHF	Current fall is near an end of wave around 1.5094 zone, a rally should then procede to above 1.5126. Fall below 1.5080 would cancel this scenario.
EUR-GBP	Current fall is near an end of wave around 0.8935 zone, a rally should then procede to above 0.9052. Fall below 0.8885 would cancel this scenario.
EUR-CAD	It should trade higher to 1.5956 while 1.5826 or 1.5797 offers support. Stop loss below 1.5695 zone.
EUR-NZD	Current rise seems to be over near 2.0425 or 2.0615 for a retracement towards 2.0236 - 2.0136 area.
EUR-AUD	Currently uptrend should end around 1.6409 - 1.6512 area. A correction down to 1.6247 - 1.6189 is expected. A rise above 1.6628 will abort the expected correction.
GBP-CHF	Current rise should end around 1.6908. Objectives of this downmove are 1.6691 or 1.6568. A rise above 1.7002 is again bullish.
GBP-JPY	Market should not go lower than 147.7168. After this move down it should go up to 149.8800 area.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7794 or 1.7818 if support around 1.7612 hold. After which a pullback to 1.7612 - 1.7550 zone is possible.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8419 or 1.8425 if support around 1.8117 hold. After which a pullback to 1.8117 - 1.8026 zone is possible.
CAD-JPY	Market should not go lower than 83.0565. After this move down it should go up to 85.5733 area.
NZD-JPY	Market should not go lower than 63.9935. After this move down it should go up to 67.4400 area.
AUD-JPY	Market should not go lower than 80.2866. After this move down it should go up to 83.4433 area.
XAG-USD	Support at 16.1250 or 15.9133 should hold the downside for a correction to above 16.5633 zone.
XAU-USD	Market should not go lower than 1027.3101 - 1022.3734. After this move down it should go up to 1034.9851 - 1037.7234 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.