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.
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.
The Dow retreat was large, but not unexpected. The retreat presented a buying opportunity, but not for a long-term uptrend continuation.
The euro/yen chart has multiple features which suggest a downside target near 107.
An opportunity can be found in every market, not just in the markets your look at regularly. This is one of them.
The Dow chart has two significant chart patterns and they combine to limit the Dow rally in the short-term.
The Dow Jones industrial average's breakout above 18,300 is significant, but it is also weak.
The double bottom breakout pattern in the Shanghai Index is developing strongly, Daryl Guppy says.
As U.S. stock benchmarks reach new heights, Daryl Guppy takes a look at the charts on the Dow.
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.