Daily FNArena News - Technicals

BHP Billiton shares have broken key technical support to the downside and the TechWizard believes rough times are likely to persist.

Weakness in AUD/USD is only a temporary phenomenon, predicts the TechWizard.

It’s April and US equities are back at what the TechWizard considers “natural resistance”. Will history repeat?

The Chartist explains why a breakout to the upside is long overdue for the Australian share market.

Market analysts at FXCM see scope for further weakness in the Australian dollar and british pound but a continuation of the euro’s short-term uptrend against the US dollar.

Market analysts at FXCM note with the Australian dollar piercing USD104.20, trend indicators are starting to turn bearish.

Market analysts at FXCM note silver continues to channel lower.

Barclays capital still favours gold on a fundamental basis but is wary of potentially weak technical indicators at this point.

Market analysts at FXCM note crude oil is now at an important long-term juncture, while viewing the near-term outlook as one of weakness.

The Chartist hasn’t given up his positive bias on gold stocks as yet, but he wouldn’t like to see much more weakness from here.