Weekly Market Comments - Monday 02 November 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.4580 while 1.4822 - 1.4891 resist. After this fall a recovery up to 1.4891 or 1.4960 is expected.
USD-CHF	It should trade higher to 1.0350 while 1.0201 or 1.0158 offers support. Stop loss below 1.0115 zone.
GBP-USD	Strength can extend to 1.6622 as declines are expected to find support at 1.6353. A fall below 1.6269 could turn it bearish.
USD-JPY	There is bearish potential for a fall to 89.2333 while 90.7767 - 91.2050 resist. After this fall a recovery up to 91.2050 or 91.6333 is expected.
NZD-USD	Market should not go lower than 0.7167 - 0.7034. After this move down it should go up to 0.7374 - 0.7447 area.
AUD-USD	Market should not go lower than 0.8973 - 0.8872. After this move down it should go up to 0.9140 - 0.9206 area.
EUR-JPY	There is bearish potential for a fall to 130.4433 while 134.4667 - 135.5450 resist. After this fall a recovery up to 135.5450 or 136.6233 is expected.
EUR-CHF	It looks set to visit further lower territory down to around 1.5095 - 1.5069. Its corrective attempts should fail ahead of 1.5095 - 1.5159. Stop loss above 1.5211 zone.
EUR-GBP	No comment!
EUR-CAD	One move lower to 1.5800 or 1.5635 is anticipated while below 1.5980 - 1.6063 area. Stop loss above 1.6161 zone.
EUR-NZD	Current rise seems to be over near 2.0530 or 2.0760 for a retracement towards 2.0301 - 2.0170 area.
EUR-AUD	It should trade higher to 1.6480 while 1.6290 or 1.6223 offers support. Stop loss below 1.6156 zone.
GBP-CHF	It should try higher up to 1.6922 - 1.7101. Entry point 1.6742 or 1.6637. After this rise, a correction is expected.
GBP-JPY	It looks more likely that it would rise to 150.7733 - 153.3067 from 147.9500 or 146.6833. After which a downside move is expected.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8181 or 1.8117 if support around 1.7613 hold. After which a pullback to 1.7613 - 1.7479 zone is possible.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8300 or 1.8528 if support around 1.8053 hold. After which a pullback to 1.8053 - 1.7927 zone is possible.
CAD-JPY	Market should not go lower than 83.0050 - 81.4467. After this move down it should go up to 85.3650 - 86.1667 area.
NZD-JPY	Market should not go lower than 64.5250 - 62.8500. After this move down it should go up to 67.1150 - 68.0300 area.
AUD-JPY	Market should not go lower than 80.9400 - 79.5067. After this move down it should go up to 83.1750 - 83.9767 area.
XAG-USD	Market should not go lower than 16.2100 - 15.6867. After this move down it should go up to 17.0450 - 17.3567 area.
XAU-USD	It may attempt a test higher to 1052.7952 - 1061.4768 after which weakness may set it to a drift down to 1028.1868 limit.

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

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