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 Nikkei 225 may have had a thousand-point run on Monday, ending at 16,022.58, but its collapse still has a way to go.
The long, steady decline of the Australian dollar – and the Australian economy – continues.
Order placement in the physical and derivative markets needs further investigation to find the cause of Shanghai's plunge.
The market will again pause and consolidate around this level for several weeks before continuing the uptrend breakout, says Daryl Guppy.
The long and steady decline in the Australian dollar from $0.93 to $0.69 has paused and developed a significant reversal pattern.
Similarities in the patterns on the gold and silver charts mean the silver price follows the behavior of the gold price, says Daryl Guppy.
The dollar remained relatively calm while investors rushed into the safety of gold after British voters' decision to leave the EU.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.