Weekly Market Comments - Monday 16 November 2009

[RTFX-Trading]

EUR-USD	Resistances lie around 1.4984 and 1.5038. It should test lower towards 1.4811 zone. A clear break of 1.4891 would be bearish.
USD-CHF	Market should hold major support at 0.9977 before rising towards 1.0197 or even 1.0275 limit.
GBP-USD	While below 1.6768 - 1.6852 it is more likely to fall further towards 1.6604 or 1.6525. Premature rise above 1.6852 could see it rising above 1.7011 zone.
USD-JPY	There is bearish potential for a fall to 89.4850 - 89.1100 while 89.8600 - 90.1400 resist. After this fall a recovery up to 90.1400 or 90.4200 is expected.
USD-CAD	One more dip to 1.0461 is likely followed by a grind higher to 1.0696. After which it can resume its downtrend.
NZD-USD	One move lower to 0.7347 or 0.7250 is anticipated while below 0.7453 - 0.7501 area. Stop loss above 0.7558 zone.
AUD-USD	One move lower to 0.9235 or 0.9129 is anticipated while below 0.9356 - 0.9409 area. Stop loss above 0.9477 zone.
EUR-JPY	It is a triangle configuration. Market should break either side. Acceleration should occur above 135.3800 or under 132.8500 limits.
EUR-CHF	Preferred outlook is for a drift down to below 1.5068. Resistances are at 1.5098 and 1.5103. A rise above 1.5110 would delay but not abort this expected fall.
EUR-GBP	While below 0.8938 - 0.8967 it could fall towards below 0.8800. Rise above 0.9001 could activate some bullish pattern.
EUR-CAD	Market should not go lower than 1.5519. After this move down it should go up to 1.5828 - 1.5905 area.
EUR-NZD	It may meet resistance in 2.0045 - 2.0143 zone for a drift down to 1.9941 zone, after which bounce to 2.0248 is anticipated.
EUR-AUD	It should register further gains to 1.6111 while 1.5897 - 1.5823 caps downside attempts. Stop loss below 1.5683 zone.
GBP-CHF	Difficult to predict the next move. If first down it should hold 1.6775 or 1.6709. If first up it should face resistance in 1.6933 - 1.7025 zone to 1.6709 zone.
GBP-JPY	While below 149.6800 or 149.8533 it could fall towards below 148.0867 or 146.4933. After which a corrective/consolidation activity is expected to 150.6500 zone.
GBP-CAD	One more dip to 1.7400 is likely followed by a grind higher to 1.7866. After which it can resume its downtrend.
GBP-AUD	Current fall is near an end of wave around 1.7662 zone, a rally should then procede to above 1.8111. Fall below 1.7455 would cancel this scenario.
CAD-JPY	While below 85.8550 - 86.6200 it is more likely to fall further towards 84.4600 or 83.8300. Premature rise above 86.6200 could see it rising above 87.8800 zone.
NZD-JPY	One move lower to 65.9033 or 65.0667 is anticipated while below 66.9150 - 67.3333 area. Stop loss above 67.9267 zone.
AUD-JPY	One move lower to 82.8067 or 81.8433 is anticipated while below 83.9950 - 84.4767 area. Stop loss above 85.1833 zone.
XAG-USD	One move lower to 17.0500 or 16.6700 is anticipated while below 17.6000 - 17.7900 area. Stop loss above 18.1500 zone.
XAU-USD	One move lower to 1102.1365 or 1085.1732 is anticipated while below 1121.1448 - 1129.6265 area. Stop loss above 1140.1532 zone.

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

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