Daily FNArena News - Technicals

Market analysts at FXCM explain Ichimoku clouds and how this indicator can be used to trade markets.

The TechWizard notes S&P 500 futures are very oversold but staying that way, which is bearish.

Michael Gable of Novus Capital expects the Australian market to test support at 4420.

This week ATW’s Jerry Simmons examines US equities and sees scope for another move lower. The euro and natural gas are also examined.

Market analysts at FXCM show how traders can use shooting star patterns in their trading.

The Chartist believes BHP has now seen a significant low and is looking for a gradual move higher.

Michael Gable of Novus Capital believes an opportunity can arise to buy Coca-Cola Amatil at an attractive price.

This week ATW’s Jerry Simmons examines the implications of Friday’s Wall Street sell-off and support levels now in play.

The Chartist reports price action in Wesfarmers has set the stock up for a sharp move but direction will be determined by what happens next.

Robert Clayton of GTL Management provides his technical update on the Aussie dollar.