Monthly Market Comments - Monday 02 November 2009

[RTFX-Trading]

EUR-USD	Resistances lie around 1.4891 and 1.5028. It should test lower towards 1.4445 zone. A clear break of 1.4614 would be bearish.
USD-CHF	It should test 1.0306 area after which a sell off down to 1.0048 or extended to 0.9832 area is expected.
GBP-USD	It should try higher up to 1.6574 - 1.6862. Entry point 1.6285 or 1.6081. After this rise, a correction is expected.
USD-JPY	It is likely to fall towards 87.9600 - 85.8300 unless a corrective rally breaks the 91.2050 resistance. Stop above 92.2700 zone.
NZD-USD	There are initial signs of a good corrective recovery towards 0.7407 or even 0.7517. Supports at 0.7129 and 0.6961 zone.
AUD-USD	Strength can extend to 0.9166 or 0.9364 as declines are expected to find support at 0.8967 or 0.8786. A fall below 0.8605 could turn it bearish.
EUR-JPY	While below 135.5450 - 137.7167 it might drop to 128.2567 or 123.9133.
EUR-CHF	Market should not go lower than 1.5095 - 1.5059. After this move down it should go up to 1.5156 - 1.5180 area.
EUR-GBP	There are initial signs of a good corrective recovery towards 0.9175 or even 0.9263. Supports at 0.8925 and 0.8763 zone.
EUR-CAD	It should be subject to more sell off towards 1.5467 or 1.4968. Corrective upward swings should face resistance around 1.6671 area. A break of 1.6494 is bullish.
EUR-NZD	Market should hold major support at 1.9649 before rising towards 2.0807 or even 2.1117 limit.
EUR-AUD	Market should not go lower than 1.6214 - 1.5979. After this move down it should go up to 1.6634 - 1.6818 area.
GBP-CHF	It should test 1.7598 area after which a sell off down to 1.6355 or extended to 1.5820 area is expected.
GBP-JPY	Corrective dips should ideally halt near 143.9800 or 140.8933 for one more thrust upwards towards 150.7400 - 154.4133 area or 160.5867 in extention. Fall below 133.5467 puts it back on a downward path.
GBP-CAD	Difficult to predict the next move. If first down it should hold 1.7043 or 1.6764. If first up it should face resistance in 1.7865 - 1.8408 zone to 1.6764 zone.
GBP-AUD	It should test 1.9025 area after which a sell off down to 1.7581 or extended to 1.6885 area is expected.
CAD-JPY	While above 82.1850 - 80.1467 zone a corrective dip could test 84.2233 or 87.1267. After which it should resume his downtrend.
NZD-JPY	It looks more likely that it would rise to 68.6033 - 72.5267 from 63.8750 or 61.9133. After which a downside move is expected.
AUD-JPY	Strength can extend to 83.2200 or even 85.5133 as declines are expected to find support at 80.9267 or 78.7250. Stop Loss below 76.5233 zone.
XAG-USD	There are initial signs of a good corrective recovery towards 17.2050 or even 17.6400. Supports at 16.1050 and 15.4400 zone.
XAU-USD	Strength can extend to 1058.1750 or 1082.0000 as declines are expected to find support at 1034.3500 or 1016.1249. A fall below 997.8999 could turn it bearish.

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.