Today's interesting charts
Eoin Treacy's view US Dollar
per 1 Euro -
the Euro is breaking downwards from the
short-term range and a sustained move back above $1.4375 would now be required
to question scope for some additional weakness.
US Dollar
per 1 Australian Dollar -
The Australian Dollar encountered resistance
below the November high and would need to sustain a move above 93.5¢ to
hinder potential for a retest of the lower side of the short-term range near
87.5¢
Singapore
Dollar per 1 US Dollar - The
US Dollar found support above the December
low last week and would need to sustain a move below S$1.385 to question scope
for further higher to lateral ranging.
FTSE-100
- The
Index has fallen back to close to 5400
which marks the upper side of the previous range. An upward dynamic from that
region of potential support is required to hinder scope for a further test of
underlying trading.
Spain
-
fails to sustain the move above the psychological 12,000
and has now fallen back into the four-month range, making the potential for
a retest of underlying trading above 11,000 more likely. An upward dynamic,
similar to those seen at previous reaction lows, is needed to indicate a return
to demand dominance.
Brazil
- continues
to encounter resistance in the region of 70,000
and needs to sustain a move above that level to reassert the overall uptrend.
(Also See Comment of the Day on January 14th). http://www.fullermoney.com/x/default.html?id=1813&schtxt=brazil
Gold
-
pulls back rather sharply from the $1150
area as it continues to range below the December high. However, a sustained
break of the progression of rising lows, currently near $1075, would be needed
to question the integrity of the medium-term uptrend.
Oil -
continues to pull back into the previous
range, which has been a common occurrence since August. A sustained move below
$69 would be required to question the integrity of the overall ranging uptrend.