Charting Asia with Daryl Guppy

Daryl Guppy


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 oil price is the foundation for inflation. The NYMEX oil chart shows the next target for oil is near $124. The chart also shows a new pattern of price behavior. This pattern often ends with a sudden price retreat and Osama Bin Laden’s death may be enough to create these conditions.

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    The KOSPI leads the behavior of indices in the ASEAN region. When the KOSPI retreats then there is a high probability that the Hang Seng, the Straits Times Index and the TAIEX will also follow the same behavior.

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    The rejection of the Australian Government to the takeover of the Australian Stock Exchange from an Asian stock exchange was clear for many months on the chart of the ASX. The ASX chart in November 2010 showed this deal would fail.

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    The next upside target for the Australian dollar is near $1.10. At this level the AUD starts to cause some very severe pain to Australia's export industries.

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    The price of gold on the COMEX gold chart has fallen from $1440/oz to near $1420/oz. Is this weakness a buying opportunity or is this weakness an indication that the uptrend in gold has become weaker?

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    The technical analysis of the euro-dollar suggests further strengthening of the single currency will the next resistance level at $1.49.

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    As with a number of regional markets its important to recognize that the Hang Seng's decline started before the Japanese earthquake. Charting Asia's Daryl Guppy believes the market is set for further downsides.

  • 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.

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    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.

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.