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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 19, 2014 8:00:00 PM

August 20, 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  USDCAD  GBPUSD US Dollar rallied on a stronger than expected Housing Starts report which posted an 8-month high and gave credence to the notion of an improving economy. GBP fell after the release of weaker than expected inflation reports led traders to believe that the BOE might be compelled to stay the course for a bit longer than previously thought. 
Equity  DAX 30  China H Shares German stocks led a rise in most global indices as diminishing geopolitical tensions and robust earnings provided the spark. 
Commodity  Natural Gas  US Crude Oil (WTI) Natural Gas rose on warmer weather forecasts. US Crude Oil fell to a 7-month low as traders pared positions ahead of September futures expiry. Current OPEN price is for the October contract
  • 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 082014

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

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DOLLAR 082014

Topics: Pivot Points, Asian session

 

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