WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 13, 2014 8:00:00 PM

August 14, 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 NZDJPY  GBPCHF An unexpected drop in Average Earnings Index, which posted its weakest reading since 2009, and dovish comments from BOE Governor Carney sent the GBP plummeting against the majors. YEN weakened as traders shorted the currency anticipating more BOJ stimulus. NZD rose after Retail sales beat estimates.
Equity  DAX 30  Nifty 50 German stocks staged a spirited rebound after yesterday's ZEW induced collapse as EON, Germany's largest utility service provider, beat profit estimates. Weaker than expected US Retail sales data buoyed US stocks as investors interpreted this to mean that the FED may delay rate hikes. Indian stocks underperformed on inflation worries.
Commodity  Heating Oil  Natural Gas  Natural gas succumbed to a severe bout of profit taking ahead of tomorrow's weekly supply report.
  • 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 081414

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

(click to enlarge)

DOLLAR 081414

 

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!