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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 23, 2014 8:00:00 PM

September 24, 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 USDCAD NZDJPY Dollar/Yen had a bout of profit taking but has since been bid back to its opening levels while the Euro remains content to dither about in a fairly tight range above key support at 1.2820 as traders wait for the proverbial "other shoe" to drop. Commodity currencies tumbled led by antipodeans(NZD, AUD) after a survey revealed that their major trading partner, China, continues to project weak growth prospects. Factor in Fonterra, the world's largest dairy exporter, slashing payouts to farmers and the market had no other recourse but to sell Kiwi.
Equity ASX 200 FTSE 100  The US government's pledge to crack down on tax-inversion takeovers and escalation of Syrian air strikes led to decline in most global stock indices with British stocks getting hit the hardest. 
Commodity  US Crude Oil (WTI)  Heating Oil Crude oil price was supported by the launch of air strikes in Syria, probably on fears of supply being restricted. 
  • 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 092414

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

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DOLLAR 092414

Topics: Pivot Points, Asian session

 

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