The potential for a rebound in the dollar has increased in the run-up to the presidential inauguration day. » Read More
The current downside target is $1,180. Failure to hold at this support level sets a target near $1,050. » Read More
Eurozone uncertainty and the potential implosion of the euro is reflected in the volatility of the euro-dollar chart. It’s useful to step back from the raging volatility of daily trading and look at the bigger picture using a weekly chart. This helps to put the daily price activity into a broader context. The picture may remain confused and chaotic but there is usually a broader perspective of the context of the daily price activity.
Viscosity is a measure of the stickiness of oil or put another way, a measure of the degree of slipperiness. The viscosity of the oil trend is determined by a combination of static and dynamic factors.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.