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 changes in the trend of the U.S. dollar are helping to push commodity prices higher. The impact of this is also seen on the NYMEX oil chart, where prices have broken significantly above the historical resistance of $88 in recent weeks. Tensions in the Korean peninula are expected to add to the upward momentum.
Hong Kong remains the primary entre-port into China and north Asia investments. And for this reason, its market quickly feels the effect of decisions made in Beijing, and the tensions in North Korea.
The prices of the U.S. dollar and gold typically move in opposite directions: when it's time to buy gold, it's probably time to sell the dollar. But recent analysis of their prices show this typical pattern weakening, says Daryl Guppy of Guppytraders.com.
The artillery attack by North Korea on its southern neighbor sent Seoul markets tumbling, although the losses were not as severe as many has feared. And despite the political jitter, the charts show further upside in South Korean markets.
Charts suggest that the market is anticipating more hurdles for AMP's proposed takeover of AXA Asia before it becomes a a done deal, says Daryl Guppy of Guppytraders.com.
Charts suggest gold prices have further upside with the next target at $1,440-$1448, but watch out for consolidation, says Daryl Guppy of Guppytraders.com.
Have traders missed the China rally, or does this market still have powerful running legs? Its chart indicate it's will consolidate, then take on a potentially lucrative 'stairway' pattern.
Asia has an unexpected leading market. Since stocks in the region began their rally in 2009, South Korea's Kospi index has quietly emerged as the so-called harbinger of market trends. While there are many theories why this is the case, I believe it is more useful to recognize the Kospi's role as a leader and use it to develop better trading strategies.
Gold is showing the same fan pattern as appeared on the dollar-yen chart prior to the very powerful breakout in November 2012.
Will dollar strength continue? It's a question most effectively answered with chart analysis of the dollar Index.
The recent rally from near $1.05 remains part of the strong downtrend move towards the $1.00 support target.
The long, steady decline of the Australian dollar – and the Australian economy – continues.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.