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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 28, 2014 8:00:00 PM

August 29, 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  AUDUSD  EURAUD Euro resumed its downward trajectory while the Aussie rose on an optimistic Capex report. Yen benefited on escalating Ukraine/Russia tensions but gave back some of its gains as US GDP report showed that the economy grew faster than forecast.
Equity Nifty 50 China H Shares Indian stocks rose ahead of the futures contract expiry while US Stocks were mixed as geopolitical concerns weighed on investors ahead of the long weekend. Chinese stocks fell to a 3-week low as investors liquidated existing stock positions ahead of new IPO's hitting the market.
Commodity  Natural Gas Heating Oil Natural gas continued to rise as inventories expanded at a slower pace even as temperatures revert to their summer norms.
    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 082914

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

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DOLLAR 082914

Topics: Pivot Points, Asian session


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