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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 27, 2014 8:00:00 PM

August 28, 2014 (Daily)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and currency 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  CADJPY  USDCAD US Dollar declined slightly, a move that looks to be corrective at this juncture, while the Euro continued to plumb the depths, making 19-month lows, before retracing on reports that the ECB may not implement QE next week. CAD strengthened as the acquisition of Tim Hortons Inc. raised speculation that more M&A activity will increase demand for the local currency.
Equity FTSE 100 Hang Seng US Stocks ended a bit lower a day after the S&P500 breached the 2000 level for the first time ever. UK stocks rose on optimistic comments about oil&gas company Petrofac. Profit taking continues to hit Hong Kong stocks as investors eye Chinese data for signs of economic resurgence.
Commodity  Natural Gas US Crude Oil (WTI) Natural gas rose on forecasts that temperatures will revert to their summer norms. Crude oil declined on forecasts of lower Q4 demand and a less than expected drop in supply. 
  • 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 082814

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

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DOLLAR 082814

Topics: Pivot Points, Asian session

 

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