Asia-Pacific Markets Charting Asia with Daryl Guppy

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  Tuesday, 10 May 2011 | 7:48 PM ET

Silver Likely to Drop to Around $31 an Ounce: Charts

Posted By: Daryl Guppy

Six weeks ago US Federal Reserve Chairman, Ben Bernanke, put markets on notice that changes were coming. It was a gentle hint to reform their own houses, or have reforms been forced upon them. When speaking in Georgia, Bernanke chose to address the topic of clearing. It was an early warning that changes were coming. The most obvious of these would be adjustments to the level of margins.

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  Tuesday, 3 May 2011 | 7:36 PM ET

The Next Target for Oil is $124: NYMEX Chart

Posted By: Daryl Guppy

Macbeth says “We have scotched the snake, but not killed it” and the same can be applied to the death of Osama bin Laden. This is a psychological victory. Its not of the same order as the removal of a head of state who has executive control of an organized military.

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  Tuesday, 26 Apr 2011 | 9:12 PM ET

KOSPI's Run-Up to Continue; Next Target 2250-2300

Posted By: Daryl Guppy

Sometimes it more useful to recognize relationships rather than attempt to explain them. The performance of the KOSPI is a case in point. There are two aspects of behavior, which point the way to wider profits in the ASEAN region. Just why these behaviors occur, and why the relationships have been established is a difficult question to answer.

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  Tuesday, 19 Apr 2011 | 8:31 PM ET

Next Upside Target for AUD Is $1.10: Charts

Posted By: Daryl Guppy

The Australian Dollar is a story of remarkable strength – almost death defying strength. The move above parity with the US dollar is severely damaging Australia’s export competitiveness. Moves above $1.05 are causing serious pain that is not offset by the rise in commodity prices.

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  Monday, 25 Apr 2011 | 11:59 PM ET

No Chart Surprises in ASX

Posted By: Daryl Guppy

The more cynical observers are suggesting it was no surprise that the Australian Government rejected a takeover of the Australian Stock Exchange from an Asian stock exchange. The rejection was also clear for many months on the chart of the ASX. The ASX chart in November 2010 showed this deal would fail.

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  Tuesday, 5 Apr 2011 | 9:09 PM ET

Gold Loses Momentum: Charts

Posted By: Daryl Guppy

The world environment has a crisis in Japan and a crisis in the Middle East. In this situation, it is common for many investors and traders to buy more gold This has not happened. The price of gold on the COMEX gold chart has fallen from $1440/oz to near $1420/oz.

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  Tuesday, 29 Mar 2011 | 11:22 PM ET

Next Resistance Target Level for Euro Dollar Near $1.49: Charts

Posted By: Daryl Guppy

The pattern of retreat and reversal with the euro-dollar follows similar patterns in equity markets. Similar patterns are more fully developed and this suggests a continuation of the current uptrend towards $1.49. This trajectory is inhibited by several factors.

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  Tuesday, 22 Mar 2011 | 8:45 PM ET

Why the Hang Seng Could Face Big Losses

Posted By: Daryl Guppy

Fear ripples easily through financial markets, quickly rolling over fact and turning into ill-informed speculation. A downside of wide-spread instant news coverage – and internet coverage from mobile phones – is that a false rumor or an ill-informed opinion is spread just as quickly as intelligent and informed analysis. Unfortunately viewers are not always equipped with the skills needed to separate fact from fiction. Its one of the reasons they turn to CNBC.

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  Tuesday, 15 Mar 2011 | 12:06 AM ET

Nikkei 225 Could Plunge to as Low as 7,000: Chartist

Posted By: Daryl Guppy

The Japanese earthquake, tsunami and nuclear plant problems have inflicted a massive human toll. The effects will continue in the Japanese market for months and years to come. At the time of the Kobe earthquake in 1995 the Nikkei was in a much strong position than it was in 2011, prior to the current earthquake.

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  Monday, 7 Mar 2011 | 11:11 PM ET

Next Target for Silver $39, But Stop Loss is Key: Chartist

Posted By: Daryl Guppy

Which is better – gold or silver? Often consigned as an industrial metal with limited value, silver has outshined gold in the past 18 months. Between July 2010 and January 2011 the COMEX silver futures price rose by 72 percent from $18.00 to $31.00. Silver outperformed gold by more than three times and it continues to do so.

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About Charting Asia with Daryl Guppy

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.

 

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.