WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Jul 24, 2014 5:15:00 PM

July 25, 2014 (Daily)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  AUDNZD NZDUSD  The looming monetary policy divergences in Australia and New Zealand are being reflected in the FX markets as traders flock to AUD at the expense of NZD. Inflationary pressures, if they continue, will likely see the RBA commence hiking rates while the RBNZ has indicated that they will probably pause their tightening cycle as they await more data to see how the economy is progressing. 
Equity  CHINA H Shares NASDAQ 100 A jump in a key manufacturing gauge (HSBC PMI) coupled with the belief that more government stimulus is in the pipeline has boosted Chinese stocks to a 3-month high. 
Commodity NATURAL GAS SILVER Natural Gas rose as the weekly inventory report was weaker than expected. A rise in risk appetite on optimism about the US  and Chinese economies saw a decline in safe haven assets like Silver and Gold.   
    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 072514

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

(click to enlarge)

DOLLAR 072514


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!