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Asia-Pacific Markets Charting Asia with Daryl Guppy

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  Tuesday, 29 May 2012 | 12:11 AM ET

Greek Contagion Could Drag Euro Below $1.19: Charts

Posted ByDaryl Guppy

The U.S. dollar Index has rallied quickly above $0.815 and has a clear run towards $0.89. There is minor resistance near $0.84. A strong U.S. dollar brings a new range of tensions into trading relationships. This puts pressure on the Australian dollar .

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  Tuesday, 22 May 2012 | 12:27 AM ET

US Stocks Ripe for Bargain Hunters: Charts

Posted ByDaryl Guppy

Greece drags at every market. We described the Dow several weeks ago as a gecko hanging on a roof, defying gravity. It has hit a slippery spot, and lost its footing. If this creates a major reversal in markets then we are headed for a repeat of 2008. If this is a minor top within an up trend retracement then there is no need to panic.

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  Tuesday, 15 May 2012 | 11:39 PM ET

How to Get It Right With Charts

Posted ByDaryl Guppy

A basic knowledge of technical analysis and charting is essential for trading success, particularly in these market conditions as indexes show signs of weakness. It’s also essential for evaluating the information produced by others so you can distinguish between good analysis and analysis which is dangerous to your wallet.

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  Monday, 7 May 2012 | 11:18 PM ET

Visa's Gains Signal Return of Dow Uptrend: Charts

Posted ByDaryl Guppy

What is the most significant chart today? It’s a question asked by CNBC Asia “Squawk Box ” anchor, Martin Soong a few days ago because the American market recovery seems to have stalled.

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  Wednesday, 2 May 2012 | 12:08 AM ET

Uptrend for Oil Intact; $125 Is Next Target: Charts

Posted ByDaryl Guppy

Has the upward momentum pressure for oil prices disappeared? The NYMEX oil chart seems to have done very little in the past few weeks with the price stuck in a trading range near $104 to $105.

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  Tuesday, 24 Apr 2012 | 12:01 AM ET

Gold Upside Capped at $1,800 Despite Bullish Factors: Charts

Posted ByDaryl Guppy

The Dow Index is slipping below 13,000. The U.S. dollar Index is hovering near 80 in a weak symmetrical triangle pattern. The euro/dollar continues in a downtrend with more weakness developing. All these factors should be bullish for gold.

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  Tuesday, 17 Apr 2012 | 12:10 AM ET

Euro to Trend Lower With Support at $1.24: Charts

Posted ByDaryl Guppy

The euro-dollar weekly chart is dominated by a strong and well-established downtrend that has been in place starting May last year, from the high at $1.49. This downtrend line was tested in September with a high near $1.45 followed by a retreat. The current rally to near $1.34 has broken from the trend line area. This behavior suggests continuing weakness in the euro. There is no evidence that the euro can strengthen and move above the established downtrend line.

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  Monday, 9 Apr 2012 | 11:48 PM ET

Limited Upside for Dollar-Yen Beyond 84: Charts

Posted ByDaryl Guppy

The dollar-yen chart shows a high degree of success in the Japanese central bank defense of 76 yen as a support level. It’s unusual for a central bank to be able to draw a line in the sand and successfully defend it. Usually this type of defense is a signal to go short but in this case the shorts were burned.

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  Monday, 2 Apr 2012 | 8:40 PM ET

Aussie Stocks Headed for Breakout, 4,700 Is Next Target

Posted ByDaryl Guppy

The Australian market has been trapped in an investment-numbing sideways trend for the past six months. The resistance level at 4,300 on the S&P ASX 200 has proved almost impossible to crack despite frequent attempts. The breakout above 4,300 is exceptionally important for two reasons.

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  Monday, 26 Mar 2012 | 11:35 PM ET

Dow to Extend Rally to 13,900: Charts

Posted ByDaryl Guppy

The defining feature of the Dow Jones Industrial Average is the extended support/resistance trend line, which is a projection of the head and shoulder pattern that developed in the middle of 2011. This is the support feature, which will help define the nature of the continued rise in the Dow.

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About Charting Asia

  • 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.

 

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.