Asia-Pacific Markets Charting Asia with Daryl Guppy


  Tuesday, 21 Jun 2011 | 8:41 PM ET

Dollar Index Has Little Chance of Moving Above 79.50

Posted ByDaryl Guppy
The long-term fundamental factors like talk of a technical default in the U.S., a weakening Dow index and insipid economy, which have contributed to US dollar weakness, have not disappeared, so long-term downward pressure remains. »Read more
  Tuesday, 14 Jun 2011 | 7:50 PM ET

Nasdaq China Index Moves to Support Level at 190: Charts

Posted ByDaryl Guppy
The Nasdaq China Index is moving towards the upper edge of the historical trading band near 190. This is a well-defined support level. Aggressive traders will look for a rebound development from this level. »Read more
  Tuesday, 7 Jun 2011 | 7:39 PM ET

Dow’s Next Downside Target 11,600: Charts

Posted ByDaryl Guppy
A new head and shoulder pattern has developed in the Dow. The rapid falls of last week confirmed the right shoulder of the pattern. The depth of the pattern puts the downside target near 11,600. »Read more
  Tuesday, 31 May 2011 | 8:52 PM ET

Oil Bull Run Intact, Next Target $114: Charts

Posted ByDaryl Guppy
Oil remains on a bull run. The fall from near $114/barrel to below $100/barrel is a correction, but not a change in the trend. This behavior sets a higher price target for oil as the uptrend continues. »Read more
  Tuesday, 24 May 2011 | 7:47 PM ET

Euro/Dollar Could Trend Towards $1.29: Charts  

Posted ByDaryl Guppy
The Euro/Dollar is at a significant point with the potential to prove the placement of trend line B and thus signal a continuation of the up trend. Failure of support at trend line B signals a change in the trend and a move towards $1.29. »Read more
  Tuesday, 17 May 2011 | 8:02 PM ET

Gold Likely to Test $1,460 an Ounce Level

Posted ByDaryl Guppy
There is a high probability gold will test the $1,460/ounce support level before developing a slower uptrend rebound. If margin changes continue to flow through the system, then the lower targets between $1,420/ounce and $1,440/ounce are the valid support level »Read more
  Tuesday, 10 May 2011 | 7:48 PM ET

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

Posted ByDaryl 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.

»Read more
  Tuesday, 3 May 2011 | 7:36 PM ET

The Next Target for Oil is $124: NYMEX Chart

Posted ByDaryl 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.

»Read more
  Tuesday, 26 Apr 2011 | 9:12 PM ET

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

Posted ByDaryl 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.

»Read more
  Tuesday, 19 Apr 2011 | 8:31 PM ET

Next Upside Target for AUD Is $1.10: Charts

Posted ByDaryl 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.

»Read more

About Charting Asia

  • 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.