WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 5, 2014 8:00:00 PM

August 06, 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. {updated at 00:00:00 UTC}

Market Best Performer Worst Performer Comments
Forex AUDNZD   NZDUSD US Dollar's bullish momentum continued -vs- the majors on evidence of domestic economic strength and geopolitical tensions. NZD was weaker again as the nation's employment report, particularly the participation rate component, missed estimates.   
Equity HANG SENG  NIKKEI 225  Strong gains by HSBC and Tencent gave Hong Kong stocks a boost. The selloff in Japanese stocks is being attributed to a weaker report on the Chinese growth sector given that the former exports to the latter. 
Commodity NATURAL GAS  SILVER   Natural Gas rose on speculation that temperatures will revert back to the norm in August. Silver slumped to  a 6-week low as the dollar's rise reduced its' appeal as an alternative investment vehicle.
  • PIVOT POINTS
    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 080614

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

(click to enlarge)

DOLLAR 080614

 

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.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

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