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 Nikkei 225 may have had a thousand-point run on Monday, ending at 16,022.58, but its collapse still has a way to go.
The long, steady decline of the Australian dollar – and the Australian economy – continues.
Order placement in the physical and derivative markets needs further investigation to find the cause of Shanghai's plunge.
China Vanke's chart has a parabolic trend and could collapse rapidly, but is good trade to get into if it falls to HK$18-19, says Daryl Guppy, CEO at GuppyTraders.com.
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 gold price reached the long-term resistance target projection level of $1,360 before consolidating and retreating.
The euro/yen chart has multiple features which suggest a downside target near 107.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.