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.
The weekly dollar index chart shows several interesting patterns. On balance, the bias is towards renewed dollar strength.
The steps being taken by the currency pair lead downward, which is great for short-side traders but not so encouraging for Abe.
The euro/yen pair continues relentlessly and inevitably towards 120, according to Daryl Guppy.
There are three key features to look out for in this breakout in the gold price.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.