Today's interesting charts
Comment of the Day

June 01 2010

Commentary by Eoin Treacy

Today's interesting charts

Did you know that the Chart Library has a matrix of more than 200 currency cross rates?

Eoin Treacy's view Euro per 1 British Pound - touches €1.20 for the first time since late 2008 and a downward dynamic would be required to check momentum beyond a brief pause.

Australian Dollar per 1 British Pound - finds support in the region of A$1.70, posting the first higher reaction low in quite a while. The rate is also testing the descending 200-day moving average and a sustained move below A$1.70 would be required to question scope for some further upside.

Siemens - continues to range mostly above €70 and a sustained move below €66 would be required to question scope for some additional medium-term upside.

Gold - has sustained the four-month progression of higher or equal reaction lows and is currently edging back up to test the May high near $1250. A sustained move below $1165 would now be required to question scope for some further higher to lateral ranging.

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