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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 15, 2014 8:00:00 PM

September 16, 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 NZDUSD EURCAD  US Dollar declined as an unexpectedly weak Industrial production figure saw traders pare their exposure a bit, especially in light of the risk events (FOMC, Scottish vote, ECB) that are due a bit later on in the week.
Equity Dow 30 China H Shares  US Stocks were up marginally but tech stocks sold off as investors prepared for Friday's Alibaba (BABA) IPO. Weaker than expected data led to a sell off in Chinese stocks. 
Commodity US Crude Oil (WTI) Gold  A weaker US Dollar helped Crude Oil rebound while Gold rose a bit on India demand.
    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 091614

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

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DOLLAR 091614

Topics: Pivot Points, Asian session


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