Today's interesting charts
Eoin Treacy's view Argentina
-
breaks upward to new all time highs
and a downward dynamic would be required to question potential for some further
upside.
Mexico
-
posts another new all time high in
a pattern similar to that of the Merval Index above.
Latin
America Dollar Index -
found support in the region of the mean
and continues to rally back towards the high near 113. A downward dynamic would
be required to check scope for further higher to lateral ranging.
Hungary
- extending
the breakout from the 6-month range and
downward dynamic would be required to check momentum beyond a brief pause.
Ukraine
- becoming
increasingly overextended relative to
the mean and although we have yet to see any loss of momentum, the beginning
of the next mean reversion is becoming increasingly likely.
Sweden - continues
to extend the recent break out and a break of the medium-term progression of
higher reaction lows would be needed to question potential for additional upside.