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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 24, 2014 8:00:00 PM

September 25, 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 AUDJPY EURAUD Euro bears reawakened after a weaker than expected German business confidence report sent the common currency tumbling. The move pierced support at 1.2820 as it lurched lower towards 1.2780, the 61.8% retracement level of the move from 1.2040 to 1.3992. Aussie & Kiwi rallied as risk appetite stabilized a bit while Yen weakness resurfaced which sees $/¥ testing minor resistance at 109.20 which, if breached, would bring 109.44 into focus.
Equity EU Stoxx 50 Hang Seng European stocks outperformed most of the major global stock indices as investors price in the prospects of further ECB stimulus, possibly as soon as next Thursday.
Commodity US Crude Oil (WTI) Gold Crude oil rose on a decline in the weekly inventory data. Gold & Silver fell after a stronger than expected new-home sales report sent the US Dollar higher.
  • 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 092514

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

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DOLLAR 092514

Topics: Pivot Points, Asian session

 

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