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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Oct 20, 2014 8:00:00 PM

October 21, 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 USDCHF US Dollar lost ground, especially -vs- the high yielding antipodean currencies, as slowing global growth led traders to speculate that FED rate hikes will be later rather than sooner. 
Equity Nikkei 225 DAX 30 Reports that the Government Pension Investment Fund(GPIF) will increase domestic stock holdings gave a boost to Japanese stocks. Lower earnings forecast from SAP, the world's largest supplier of business management software, caused German and European stocks to decline.
Commodity Gold US Crude Oil (WTI)  Concerns about global growth saw Gold & Silver receive a safe-haven bid. Ongoing OPEC dissension, global growth slowdown and futures contract rollover saw crude oil prices under pressure.
  • 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 102114

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

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DOLLAR 102114

Topics: Pivot Points, Asian session

 

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