Interesting charts September 17th 2015
Comment of the Day

September 17 2015

Commentary by Eoin Treacy

Interesting charts September 17th 2015

Eoin Treacy's view

US Dollar per 1 Euro – The Euro firmed up in response to the Fed’s decision to hold rates and is now pressuring the area of the trend mean again. A sustained move above it would suggest the Euro’s firming is moving beyond short-term steadying.

Japanese Yen per 1 US Dollar – The Dollar is also testing the region of the 200-day MA against the Yen and will need to hold this area if the medium-term uptrend is to remain reasonably consistent.  

Brazilian Real per 1 Dollar – The Real has accelerated lower but the Fed’s decision has had no effect on the Dollar’s strength. An additional catalyst, potentially in the form of political change, will be required to signal more than a short-term low in the Real. 

 

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