Today's interesting charts January 18th 2016
Comment of the Day

January 18 2016

Commentary by Eoin Treacy

Today's interesting charts January 18th 2016

Eoin Treacy's view

Japanese Yen per 1 British Pound – the Pound completed a Type-2 top in December and has fallen for six consecutive weeks to form a deep short-term oversold condition, Potential for a reversionary rally is improving but a sustained move above ¥180 would be required to begin to question medium-term Yen dominance. 

The Bombay Banks Index has been falling faster than the wider market and while oversold in the short-term, a sustained move above 20,000 will be required to break the yearlong progression of lower rally highs. 

Ruble per 1 US Dollar has returned to test the late 2014 peak but a clear downward dynamic will be required to check the Dollar’s dominance. 

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