Interesting charts September 19th 2023
Canada’s S&P/TSX has possible type-2 top with righthand extension characteristics. The yearlong sequence of higher reaction lows will need to continue to hold if the benefit of the doubt is to be given to higher to lateral ranging.
Brent crude pauses amid a short-term overbought condition. Some consolidation is looking increasingly likely but a sustained move below the trend mean would be required to question medium-term upside potential.
Japanese Yen per 1 US Dollar continues to trend higher but is approaching an important area of potential resistance around the ¥150 area.
