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Technical Analysis Weekly: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 21, 2014 6:15:00 PM

September 21, 2014 (Weekly)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and currency pairs offered by WorldWideMarkets online FOREX trading and USD, Equity Indices & Commodity weekly performance chart.

Market Best Performer Worst Performer Comments
Forex CADJPY EURCAD Euro's bearish momentum showed no signs of abating while the CAD rose after a report showed that factory sales posted a record increase. Yen weakness, which is fast becoming the dominant theme in FX markets, continued aided by a rise in US yields and Kuroda's statement where he said that a strong dollar is not a negative for the Japanese economy.
Equity Nikkei 225 ASX 200 Japanese stocks rose aided to large degree by the weakening Yen. Concerns about Chinese growth hit Australian stocks.
Commodity US Crude Oil (WTI) Silver US Crude oil rose after OPEC said they might cut supply next year. Silver & Gold fell on fears of rate hikes becoming a reality a bit faster than had been predicted.
  • 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 week 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 092114 w

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

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DOLLAR 092114 w

Topics: Pivot Points, Asian session, Weekly

 

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