WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Technical Analysis Weekly: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Jul 12, 2014 2:45:00 PM

July 12, 2014 (Weekly)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and Forex pairs offered by WorldWideMarkets and USD, Equity Indices & Commodity daily performance chart

Market Best Performer Worst Performer Comments
Forex  AUDCAD CADJPY  Unexpectedly weak employment data hammers CAD. Antipodean currencies (AUD, NZD) benefit from yield advantage. Yen strengthens as risk aversion comes to the fore.
Equity ASX 200 NIFTY 50 Global stocks decline on economic uncertainty. Indian stocks plunge on fears that rally has outpaced fundamentals and disappointing government budget.
Commodity SILVER NATURAL GAS Silver and Gold continue to rise as safe haven plays. Natural gas drops on greater-than-expected surplus.
    A technical analysis indicator used to try and determine the short-term trend of the market. The pivot point is the average of the high, low and closing prices from the previous trading day. If the market in the following day trades above the pivot point it is thought to be exhibiting bullish sentiment, whereas trading below the pivot point is seen as bearish.

(click to enlarge)

FOREX 071214 w

  • Equity Indices, Commodities & USD -vs- Majors Daily performance

(click to enlarge)

DOLLAR 071214 w


Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

Browse our frequently asked questions and find your answers right away.

Access to the educational lessons, webinars and platform walkthroughs.


Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!