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 technical analysis of the euro-dollar suggests further strengthening of the single currency will the next resistance level at $1.49.
That the market will fall, and fall rapidly is a given. The key question is how far the market may fall before it finds support. The reaction to the Kobe earthquake provides some clues.
Which is better – gold or silver? Often consigned as an industrial metal with limited value, silver has outshined gold in the past 18 months. But the metal has the makings of a speculative bubble, charts suggest.
Oil continues to be the front and center of investors' focus this week, with nymex crude surging beyond the $100/barrel mark as unrest in the Middle East sparks concerns about possible supply disruptions. There are six significant factors to bear in mind as we examine the West Texas Crude (WTC)price chart.
It has taken 16 months, including a significant retracement, but the Nasdaq has added more than 100 percent since the 2009 lows. It’s an excellent performance if we ignore the pullback from 2550 to 2100 in the middle of 2010. The key question whether the index continue its runup, or if another significant pullback and consolidation are a higher probability.
The similarity in the patterns on the gold and silver charts means the silver price follows the gold's behavior.
The rally in the Australian dollar has technical limits that could cap its rise.
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?