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.
Chart Analysis suggests the euro-dollar will be trapped in the $1.19-$1.25 consolidation range, but will fall "rapidly" to $1.03 when the $1.19 level is breached, according to Daryl Guppy, trader and author of Trend Trading.
Australia's 40 percent resource “super profits” tax fired at miners on Sunday has given the new meaning to to the word 'walloped', which is is a good old Australian word defining a cowardly attack or beating. According to chart analysis, Rio Tinto stock which took a beating in recent weeks shows the announcement was not all that unexpected.
Markets are expecting blockbuster earnings from Samsung Electronics, which on Friday is expected to post first-quarter profit that increased seven-fold on robust demand for personal computers and TVs. However, traders hoping to profit from post-results movements on its stock price may be disappointed.
When the bears are right, it could sometimes mean a great opportunity for the bulls. This seems to be the case for Goldman bulls, at least according to technical analysis.
General Electric shares are set to climb further, regardless of the quality of its results on Friday, according to technical chartist Daryl Guppy, CEO of Guppytraders.com.
The euro currency is set to fall further against the U.S. dollar, given the economic problems in the Euro zone, and the greenback's status as the current 'bully' among the key currencies, said technical chartist Daryl Guppy of Guppytraders.com.
One of the most dangerous market myths is that the market always rises over time. To many investors, this underscores the buy-and-hold strategy. Just buy-and-hold and the market will bring you a windfall eventually. Right? Wrong. Unfortunately, this is a pure myth and simply untrue.
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.
The Dow Jones industrial average has developed a strong and powerful reversal pattern, which means bullish analysis must be revised.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.