Daily Market Comments - Tuesday 03 November 2009

[RTFX-Trading]

EUR-USD	It should be subject to more sell off towards 1.4693 or 1.4609. Corrective upward swings should face resistance around 1.4799 area. A break of 1.4927 is bullish.
USD-CHF	Market should pop up towards 1.0249 or 1.0276 this bullish scenario would be damaged if 1.0217 - 1.0210 zone is broken, a severe break down could then occur.
GBP-USD	Market should hold major support at 1.6267 before rising towards 1.6482 or even 1.6555 limit.
USD-JPY	It should test 90.7500 area after which a sell off down to 89.3700 or extended to 88.5300 area is expected.
USD-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.0870 or under 1.0716 limits.
NZD-USD	It should test 0.7193 area after which a sell off down to 0.7086 or extended to 0.6991 area is expected.
AUD-USD	It may attempt a test higher to 0.9080 - 0.9139 after which weakness may set it to a drift down to 0.8923 limit.
EUR-JPY	It should test 134.3800 area after which a sell off down to 131.3600 or extended to 129.4200 area is expected.
EUR-CHF	Market should hold major support at 1.5080 before rising towards 1.5108 or even 1.5120 limit.
EUR-GBP	Strength can extend to 0.9028 or 0.9053 as declines are expected to find support at 0.9003 or 0.8979. A fall below 0.8955 could turn it bearish.
EUR-CAD	There are initial signs of a good corrective recovery towards 1.5956 or even 1.5982. Supports at 1.5895 and 1.5858 zone.
EUR-NZD	Resistances lie around 2.0664 and 2.0748. It should test lower towards 2.0409 zone. A clear break of 2.0563 would be bearish.
EUR-AUD	There are initial signs of a good corrective recovery towards 1.6421 or even 1.6471. Supports at 1.6307 and 1.6244 zone.
GBP-CHF	Current fall is near an end of wave around 1.6670 zone, a rally should then procede to above 1.6861. Fall below 1.6575 would cancel this scenario.
GBP-JPY	It should try higher up to 148.4850 - 149.3800. Entry point 147.5900 or 146.9200. After this rise, a correction is expected.
GBP-CAD	Market should pop up towards 1.7744 or 1.7796 this bullish scenario would be damaged if 1.7627 - 1.7563 zone is broken, a severe break down could then occur.
GBP-AUD	It looks more likely that it would rise to 1.8343 - 1.8534 from 1.8079 or 1.7984. After which a downside move is expected.
CAD-JPY	It should test 84.6900 area after which a sell off down to 82.3800 or extended to 80.9700 area is expected.
NZD-JPY	It should test 65.3000 area after which a sell off down to 63.3800 or extended to 61.9700 area is expected.
AUD-JPY	It should test 82.5400 area after which a sell off down to 79.7900 or extended to 78.0300 area is expected.
XAG-USD	Bullish reaction to above 16.6900 is anticipated from 16.4600 - 16.3650 zone. Stop loss below 16.2500 zone.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1063.4150 or 1067.6768 if support around 1054.7134 hold. After which a pullback to 1054.7134 - 1050.6700 zone is possible.

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.