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Technical Analysis Weekly: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Jul 20, 2014 6:30:00 PM

July 20, 2014 (Weekly)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and Forex pairs offered by WorldWideMarkets and USD, Equity Indices & Commodity weekly performance chart. (updated at 00:00 UTC)

Market Best Performer Worst Performer Comments
Forex  AUDNZD NZDUSD  NZD was the weakest currency as lower international milk prices and weaker than expected inflation figures had the unit on the defensive even before risk aversion due to the Malaysian airline-Ukraine incident came to the fore. Yen gets its usual safe-haven bid.  
Equity NIFTY 50 CHINA H Shares Indian stocks rose after the central bank (RBI) enacted measures that allowed banks to boost funding. Chinese stocks declined on concerns that IPO's will divert funds from exisiting shares. 
Commodity US OIL (WTI) NATURAL GAS  Jitters after the Malaysian plane crash coupled with decline in inventory contributed to the rise in US Crude Oil(WTI). Lower demand due to a mild summer, especially in the heavily populated north-east, has led to an increase in stockpiles which has brought Natural Gas bears out of hibernation. 
    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 072014 w

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

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DOLLAR 072014 w


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