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.
When the Australian dollar stumbles, it often stumbles badly. This makes the AUD/US a difficult trading situation because when a collapse occurs, the AUD tumbles quickly. Investors hoping for a rebound of the Australian dollar to beyond the $0.90 level may be disappointed. Chart analysis shows this is unlikely to happen for awhile.
Chart Analysis suggests the euro-dollar will be trapped in the $1.19-$1.25 consolidation range, but will fall "rapidly" to $1.03 when the $1.19 level is breached, according to Daryl Guppy, trader and author of Trend Trading.
Australia's 40 percent resource “super profits” tax fired at miners on Sunday has given the new meaning to to the word 'walloped', which is is a good old Australian word defining a cowardly attack or beating. According to chart analysis, Rio Tinto stock which took a beating in recent weeks shows the announcement was not all that unexpected.
Markets are expecting blockbuster earnings from Samsung Electronics, which on Friday is expected to post first-quarter profit that increased seven-fold on robust demand for personal computers and TVs. However, traders hoping to profit from post-results movements on its stock price may be disappointed.
When the bears are right, it could sometimes mean a great opportunity for the bulls. This seems to be the case for Goldman bulls, at least according to technical analysis.
General Electric shares are set to climb further, regardless of the quality of its results on Friday, according to technical chartist Daryl Guppy, CEO of Guppytraders.com.
The euro currency is set to fall further against the U.S. dollar, given the economic problems in the Euro zone, and the greenback's status as the current 'bully' among the key currencies, said technical chartist Daryl Guppy of Guppytraders.com.
One of the most dangerous market myths is that the market always rises over time. To many investors, this underscores the buy-and-hold strategy. Just buy-and-hold and the market will bring you a windfall eventually. Right? Wrong. Unfortunately, this is a pure myth and simply untrue.
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.