Editorial: Latest Reports from CNBC ‘Charting Asia’

Here are the latest reports from CNBC ‘Charting Asia’.

Chart: A simple, effective silver trade explained
Traders are asking if the smart trade is to now look at gold, and then execute in the silver market.

Trade for an oil rally, not a trend change
Has the era of cheap oil come to an end? The strong rally is a boost to traders buts it’s not enough to revitalize the industry.

Chart: Don’t give up on the Nasdaq
A technical expert analyzes the NASDAQ with two different levels of technical analysis to provide a better understanding of the index’s activity.

Chart: Fade the Australia rally
This burst of bullish activity is a relief rally rather than a change in trend direction, according to Daryl Guppy.

Chart: The Nikkei still has a long, long way to fall
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.

Charts: Shanghai shares are looking to consolidate
There is to be a big change in the direction of China’s Shanghai Composite Index, with a high probability the market will find support at 3400 points.

Four Shanghai market features that fuel volatility
Four key features of the Shanghai Composite have exacerbated its plunge, pushing it toward the consolidation area between 3000 and 3400.

Gold seeking consolidation amid global turmoil
The euro zone is under pressure, the Shanghai Index is falling and US rates will rise. But despite these factors, gold continues to move sideways.

No doomsday on S&P’s cards: Chart
Despite doomsayers’ predictions that the S&P 500 index will collapse, the charts still don’t support those warnings.

Chart: Euro is detached from Greek debt crisis
The euro-dollar has developed a broad consolidation between 1.05 and 1.14, a trend that is detached from the Greek crisis.

Chart: Gold looks headed for $980
Gold has dropped below its key support level near $1150, taking it to a new five-and-a-half-year low and setting the next support target near $980.

Charts show Nymex oil could hit $38 and stick
Strong, fast downtrends don’t normally reverse direction quickly so there’s a high probability of price consolidation.

Chart: Beware the Death Cross fairy tale
The Death Cross sounds suitably terrifying and ominous, but its signals are not reliable.

Chart: Hunting the Dow’s dragon fly doji
The different behavior on the Dow and the other US indexes suggests the current retreat is driven by panicky sentiment, not a genuine trend change.

Chart: The Aussie’s valley of death
The Aussie did its best to cling onto the narrow shelf of support near $0.78 but since then it has been a rapid plunge into the valley of death.

Chart: Doctor Copper is looking very ill indeed
It’s been called Doctor Copper because the metal has long been used as an indicator of global economic health.

Why the VIX is nothing to fear
The VIX is often called the fear index, and it’s an apt description but often for all the wrong reasons.

Chart: Caterpillar digs hole for world economy
Caterpillar is the perfect proxy for the infrastructure build required to sustain the world economy.

Chart: The signs you need to go long on oil
Oil’s rebound from near-$38 was fast and strong, which suggests the downward pressure on the commodity is weakening.

Chart: How to trade the S&P 500’s W-pattern
There has been an inconsistency in the behavior of the Dow and that of the S&P 500 and Nasdaq over the past few weeks.

What geometry could tell us about dollar weakness
The symmetrical triangle shows neither the bulls or the bears can gain dominance. However, once the breakout starts the move is often very quick.

Chart: How to read the greenback’s moves
Traders were called on to exercise this agility and flexibility this week when the dollar index staged a strong rally to close the week at $0.973.

Chart: Here’s why the Nasdaq will pass 5,200
Chart analysis gives investors a method to decide if the Nasdaq’s rally towards 5,200 is a buying opportunity or a sell signal.

Chart: The Shanghai index is on an uptrend to 4,200
The Shanghai Composite index’s breakout move above its long-term resistance level near 3,400 signaled a bullish uptrend.

Chart: Downtrends more powerful on euro-dollar
The euro-dollar developed an end-of-downtrend pattern starting in March 2015, but it didn’t pan out.

Chart: $29 oil? Technician says that’s the target
Nymex oil may have a prolonged sideways consolidation between $38 and $48 but charts suggest that, long-term, it has further to fall.

Chart: Aussie on a ledge in the Valley of Death
Trading the Australian dollar was a classic play for those who didn’t have direct access to China, and a sure-fire winner on the short side.

Chart: Euro dollar rally in downtrend
The ECB decision added rocket fuel to the rally in the EuroDollar from $1.06 to $1.08.

Chart: Analysis shows oil has not hit bottom
History is repeating itself on the Nymex, and although $10 oil looks a long shot, technical analysis indicates that prices have further to fall.

‘Don’t blame retail investors for China’s flash crash’
Order placement in the physical and derivative markets needs investigation to find the cause of Shanghai’s plunge, says a top technician.

Chart: Short the Dow rallies, it’s heading down
The Dow Jones industrial average has developed a strong and powerful reversal pattern, which means bullish analysis must be revised.

Chart: Short the Aussie, it’s heading for a 2008 low
The long, steady decline of the Australian dollar – and the Australian economy – continues.

Chart: Euro/dollar reaction from resistance
The recent rally from near $1.05 remains part of the strong downtrend move towards the $1.00 support target.

Chart: Dollar index cup and handle
Will dollar strength continue? It’s a question most effectively answered with chart analysis of the dollar Index.

Chart: This gold pattern can’t be ignored
Gold is showing the same fan pattern as appeared on the dollar-yen chart prior to the very powerful breakout in November 2012.