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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 18, 2014 8:00:00 PM

August 19, 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  GBPJPY NZDUSD The Great British Pound, which had fallen to its lowest level since May, rose as traders interpreted BOE Governor Carney's statements to mean that rate hikes might still be in play.  Kiwi, which was trading with a heavy tone ahead of the Fonterra auction results, weakened further on an unexpectedly lower Q2 PPI report. 
Equity  Nasdaq 100  China H Shares US Stocks surged led by the technology heavy Nasdaq index, which rose to its highest level since 2000, as a de-escalation of global tensions gave stocks a boost.  
Commodity  Natural Gas  Heating Oil Natural gas rose as bottom-fishers bought the commodity in the hopes that the decline had been overdone. Oil declined as the threat to supply disruption abated. 
  • 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.

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FOREX 081914

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

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DOLLAR 081914

Topics: Pivot Points, Asian session

 

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