Daily Market Comments - Tuesday 10 November 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5062 or 1.5062 if support around 1.4957 hold. After which a pullback to 1.4957 - 1.4926 zone is possible.
USD-CHF	Market should not go lower than 1.0030. After this move down it should go up to 1.0125 - 1.0148 area.
GBP-USD	While below 1.6801 - 1.6862 it is more likely to fall further towards 1.6688 or 1.6636. Premature rise above 1.6862 could see it rising above 1.6965 zone.
USD-JPY	Current fall is near an end of wave around 89.6600 zone, a rally should then procede to above 90.2300. Fall below 89.3900 would cancel this scenario.
USD-CAD	Market should not go lower than 1.0548 - 1.0482. After this move down it should go up to 1.0651 - 1.0687 area.
NZD-USD	One move lower to 0.7353 or 0.7273 is anticipated while below 0.7435 - 0.7475 area. Stop loss above 0.7517 zone.
AUD-USD	One move lower to 0.9225 or 0.9155 is anticipated while below 0.9302 - 0.9337 area. Stop loss above 0.9379 zone.
EUR-JPY	It should trade higher to 135.5300 while 134.1350 or 133.8200 offers support. Stop loss below 132.7400 zone.
EUR-CHF	Currently uptrend should end around 1.5120 - 1.5126 area. A correction down to below 1.5103 is expected. A rise above 1.5136 will abort the expected correction.
EUR-GBP	It may attempt a test higher to 0.8963 - 0.8985 after which weakness may set it to a drift down to 0.8906 limit.
EUR-CAD	Prefer a fall to 1.5819 or 1.5765. Then a correction to 1.5906 is anticipated. A clear break of 1.5700 is again bearish.
EUR-NZD	It may meet resistance in 2.0182 - 2.0231 zone for a drift down to 2.0115 zone, after which bounce to 2.0297 is anticipated.
EUR-AUD	It should try higher up to 1.6151 - 1.6172. Entry point 1.6130 or 1.6111. After this rise, a correction is expected.
GBP-CHF	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6974 or under 1.6840 limits.
GBP-JPY	Current rise seems to be over near 151.1700 or 151.8133 for a retracement towards 150.5267 - 149.9800 area.
GBP-CAD	While above 1.7668 - 1.7592 zone a corrective upmove could test 1.7792 or 1.7839. After which it should resume its downtrend.
GBP-AUD	One more dip to 1.8001 - 1.7952 is likely followed by a grind higher to 1.8087 - 1.8124. After which it can resume its downtrend.
CAD-JPY	It should trade higher to 85.8667 while 84.7133 or 84.3850 offers support. Stop loss below 84.0566 zone.
NZD-JPY	Currently uptrend should end around 67.8268 - 67.3133 area. A correction down to below 66.0133 is expected. A rise above 67.7867 will abort the expected correction.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 84.0800 or 84.0500 if support around 83.3000 hold. After which a pullback to 83.3000 - 83.0800 zone is possible.
XAG-USD	While below 17.6800 - 17.7767 it is more likely to fall further towards 17.4900 or 17.3967. Premature rise above 17.7767 could see it rising above 17.9633 zone.
XAU-USD	While below 1107.6000 - 1111.5667 it is more likely to fall further towards 1099.8250 or 1096.0166. Premature rise above 1111.5667 could see it rising above 1119.1833 zone.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
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