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. He is a special consultant to AxiCorp.
The current downside target is $1,180. Failure to hold at this support level sets a target near $1,050.
Rather than trade gold there are more effective and profitable ways to trade this rebound.
Its too early to know which direction the Aussie will break but when it does, there's a high probability it will move towards projection targets.
The prospect of a Donald Trump or Hillary Clinton victory in the U.S. election isn't seeming to induce any jitters in the dollar index.
The recent pullback towards 1.10 suggests that bearish pressure is building on the euro-dollar.
The yellow metal's dramatic fall from $1,340 to below $,,260 is a break-and-enter theft on a grand scale.
More people are dabbling in technical analysis without really understanding what is involved.
Chart patterns suggest that dollar/yen has a high probability of retesting the lower edge of the trading channel near 95.
An earlier call on the dollar has not been realized so it is time to take a fresh look at the charts on the greenback, Daryl Guppy says.
The charts show that euro-yen enters a variation of a double-bottom pattern used to set a new long-term upside target.
Why does the Shanghai market rise and fall so rapidly?