Today's interesting charts
Comment of the Day

March 04 2013

Commentary by Eoin Treacy

Today's interesting charts

Eoin Treacy's view price action offers the ultimate reality check:

Shanghai A-Shares – extended its pullback today and is now testing the region of the 200-day MA where it would ideally find support if the benefit of the doubt is to continue to be given to the medium-term bullish hypothesis.

Australia ASX200 – continues to pause in the region of the psychology 5000. Potential for a deeper reaction as the Index reverts towards the mean cannot be ruled out. The financial sector posted its second downside key day reversal in as many weeks today.

Singapore Dollar per 1 US Dollar – the US Dollar broke out of a month-long range, having found support in the region of the 200-day MA. A countermanding downward dynamic would be required to question potential for some additional strength.

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