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 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.
An opportunity can be found in every market, not just in the markets your look at regularly. This is one of them.
Despite its short-term behavior, the long-term outlook for oil is bullish with medium term targets at $58.
The Dow chart has two significant chart patterns and they combine to limit the Dow rally in the short-term.
The market will again pause and consolidate around this level for several weeks before continuing the uptrend breakout, says Daryl Guppy.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.