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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Mar 5, 2015 7:00:00 PM

March 06, 2015 (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 USDCHF NZDUSD Euro breached the 1.10 level after the ECB confirmed that QE would commence next week. This propelled the Dollar Index to levels last seen in September of 2003 as the US unit rose against all the majors.
Equity Nikkei 225 China H Share Japanese stocks rallied as corporate earnings hint at economic recovery. Chinese stocks fell again as officials cut the growth target from +7.5% to +7.0%.
Commodity Natural Gas US Crude Oil (WTI) Crude oil ended lower after a volatile session that saw prices initially ratchet higher as tensions in Libya brought supply disruption fears to the fore only to reverse course and plummet on optimistic news of an Iranian nuclear deal.
  • 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 030615

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

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DOLLAR 030615

Topics: Pivot Points, Asian session

 

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