Daily FNArena News - Technicals

Nick Linton-Ffrost of Fifth Wave suggests price action this week will determine where the index is headed over the next one to two months.

The Chartist reports USD gold remains in an up-trend but is wavering, with danger present on the downside.

Michael Gable of Fairmont Equities suggest recent star performer Eclipx may be set to offer a better entry point.

Nick Linton-Ffrost of Fifth Wave suggests 5400-25 to the upside and 5200-50 to the downside are the key levels to watch for the index.

The Chartist suggests investors should be cautious about following Macquarie Group’s rebound higher.

Michael Gable of Fairmont Equities suggests support at 5100 should now hold for the year, allowing the index to finally break out of its range.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 can still ultimately push towards 6000 as long as support holds.

The Chartist believes there is little reason to play BHP Billiton at present.

Market analysts at FXCM suggest the breach of US75c should see the Aussie heading to below 74c.

Michael Gable of Fairmont Equities is targeting a US$1480 gold price.