Today's interesting charts
Comment of the Day

March 23 2010

Commentary by Eoin Treacy

Today's interesting charts

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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.

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