WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 30, 2014 8:00:00 PM

October 01, 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 NZDJPY EURAUD A weaker than expected Core CPI reading sent the beleaguered Euro reeling as it fell to its' lowest level in 2 years -vs- the US Dollar. $/¥ rose again as it attempts to breach the 110 level. A lower than expected GDP report took the wind out of the CAD's sails while the antipodeans (NZD & AUD) benefited due to their yield advantage and the fact that there were no economic releases to undermine them.
Equity EU Stoxx 50 Hang Seng European stocks gained as the anemic Core CPI reading raised the probability of the ECB implementing stimulus measures sooner rather than later. Ongoing protests continue to weigh on Hong Kong stocks.
Commodity Natural Gas Silver Unabated Dollar strength sees Silver bulls rushing for the exits while an increase in OPEC's oil production sent Crude sharply lower.
  • 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.

(click to enlarge)

FOREX 100114

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

(click to enlarge)

DOLLAR 100114

Topics: Pivot Points, Asian session

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!