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 long and steady decline in the Australian dollar from $0.93 to $0.69 has paused and developed a significant reversal pattern.
The Shanghai Index has developed a powerful rally and has moved above the critical resistance level near 3000, says Daryl Guppy.
Janet Yellen used to be decisive but now she not so sure, and that's a gift to traders.
All the steps being taken by the currency pair lead downward, which is great for short-side traders but not so encouraging for PM Shinzo Abe.
The potential for a rebound in the dollar has increased in the run-up to the presidential inauguration day.
Oil prices developed a recovery in 2016 but will this continue in 2017?
The Nikkei has resumed its breakout uptrend, after dropping quickly on Donald Trump's victory.
The current downside target is $1,180. Failure to hold at this support level sets a target near $1,050.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.