Asia-Pacific Markets Charting Asia with Daryl Guppy

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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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  Tuesday, 1 Mar 2011 | 10:54 PM ET

Oil's Next Target May Be Rapid Move to $112: Charts

Posted By: Daryl Guppy

Oil continues to be the front and center of investors' focus this week, with nymex crude surging beyond the $100/barrel mark as unrest in the Middle East sparks concerns about possible supply disruptions.

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  Tuesday, 22 Feb 2011 | 12:58 AM ET

Nasdaq May Retreat 11% after Reaching 3000: Charts

Posted By: Daryl Guppy

It has taken 16 months, including a significant retracement, but the Nasdaq has added more than 100 percent since the 2009 lows. It’s an excellent performance if we ignore the pullback from 2550 to 2100 in the middle of 2010. The key question whether the index continue its runup, or if another significant pullback and consolidation are a higher probability.

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  Monday, 14 Feb 2011 | 11:13 PM ET

Kospi's Retreat A Warning Sign for the Region: Charts

Posted By: Daryl Guppy

South Korea's benchmark index has been an important barometer for the rest of Asia's markets, so a recent fall below the trend line of the Kospi is significant.

There are two conclusions we can draw from the chart.

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  Monday, 7 Feb 2011 | 10:40 PM ET

Oil in Long-Term Uptrend, Regardless of Middle East: Charts

Posted By: Daryl Guppy

The price of oil is rising and it is unwise to dismiss this as a result of the increase in tensions in the Middle East. These political problems have added to the upside pressure, but the oil price uptrend had already been set. If, or when, the political problems are resolved, uptrend is expected to continue, according to the charts.

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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.

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