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.
In my previous commentary on the U.S. dollar index published in May, I mentioned that the index, which surged in mere weeks then, was primed for a collapse due to the parabolic nature of its uptrend.
The dollar's recent strength has been explained by most market analysts as a result of the euro weakness rather than any fundamental support for the greenback. In fact, a closer look at the dollar's chart - particularly the dollar index - suggests the currency may be primed for a collapse.
The debate over where gold prices are headed has been a active one, with the bulls maintaining that fears of a slowing global economy will keep demand for the safe-haven investment strong; while the bears argue that the current price of gold, which has limited industrial use, is unsustainable in the long term.
The yen is hovering at an eight-week high against the dollar, and trading at its strongest level against the euro since 2001. But a look at the performance charts suggest it may be time to pick up the dollar-yen trade, which is showing a very strong support level between 87 and 88 yen.
China's stock markets are known for their volatility and not for the faint-hearted investors. Their movements can be rapid in either direction and hard to predict. But a close study of their performance charts have revealed some trading opportunities and the likelihood of a strong recovery.
Oil prices are expected to continue their uptrend quicker than they did in the past 12 months, according to technically analysis. Prices will likely test historical resistance, and $100 may be achievable.
It's just a few weeks since my last note on the euro-dollar but I think an update is appropriate given the continued battering of the single currency.
A period of consolidation has investors worried that the Dow's long-term uptrend has run its course, but charts suggest otherwise.
Oil prices rose as the framework Iran deal offers little chance for a increase in oil exports, but charts suggest it's too early to expect any price rise.
The Shanghai Composite has rallied sharply this year, outperforming its regional peers in the first quarter, and charts suggest further upside is likely.
Silver rallied to a one-month high at the end of last week, but charts suggest that a sustainable trend is unlikely to develop.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.