Daily Market Comments - Monday 07 December 2009

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.4833 - 1.4747. After this move down it should go up to 1.4968 - 1.5017 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0215 or 1.0245 if support around 1.0117 hold. After which a pullback to 1.0117 - 1.0079 zone is possible.
GBP-USD	There is bearish potential for a fall to 1.6356 while 1.6515 - 1.6561 resist. After this fall a recovery up to 1.6561 or 1.6607 is expected.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 91.8325 or 91.5126 if support around 89.7563 hold. After which a pullback to 89.7563 - 89.2520 zone is possible.
USD-CAD	Difficult to predict the next move. If first down it should hold 1.0508 or 1.0478. If first up it should face resistance in 1.0588 - 1.0639 zone to 1.0478 zone.
NZD-USD	There is bearish potential for a fall to 0.7100 while 0.7189 - 0.7216 resist. After this fall a recovery up to 0.7216 or 0.7243 is expected.
AUD-USD	Market should not go lower than 0.9127 - 0.9071. After this move down it should go up to 0.9219 - 0.9256 area.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 135.6178 or 135.1040 if support around 133.8030 hold. After which a pullback to 133.8030 - 133.4285 zone is possible.
EUR-CHF	Currently uptrend should end around 1.5103 - 1.5119 area. A correction down to below 1.5066 is expected. A rise above 1.5140 will abort the expected correction.
EUR-GBP	No comment!
EUR-CAD	Market should not go lower than 1.5658 - 1.5567. After this move down it should go up to 1.5820 - 1.5889 area.
EUR-NZD	Market should pop up towards 2.0827 or 2.0880 this bullish scenario would be damaged if 2.0710 - 2.0645 zone is broken, a severe break down could then occur.
EUR-AUD	Market should pop up towards 1.6284 or 1.6322 this bullish scenario would be damaged if 1.6202 - 1.6158 zone is broken, a severe break down could then occur.
GBP-CHF	Currently uptrend should end around 1.6753 - 1.6828 area. A correction down to 1.6629 - 1.6578 is expected. A rise above 1.6928 will abort the expected correction.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 149.9687 or 150.1597 if support around 147.8033 hold. After which a pullback to 147.8033 - 147.1545 zone is possible.
GBP-CAD	There is bearish potential for a fall to 1.7299 while 1.7439 - 1.7490 resist. After this fall a recovery up to 1.7490 or 1.7542 is expected.
GBP-AUD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.8091 or under 1.7882 limits.
CAD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 86.4908 or 86.4953 if support around 84.8637 hold. After which a pullback to 84.8637 - 84.3860 zone is possible.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 65.3568 or 65.2983 if support around 64.3527 hold. After which a pullback to 64.3527 - 64.0795 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 83.4623 or 83.4627 if support around 82.2943 hold. After which a pullback to 82.2943 - 81.9455 zone is possible.
XAG-USD	Current fall is near an end of wave around 18.2110 zone, a rally should then procede to above 18.8710. Fall below 17.9180 would cancel this scenario.
XAU-USD	Market should not go lower than 1131.8328. After this move down it should go up to 1199.6704 area.

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.