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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Mar 8, 2015 5:15:00 PM

March 08, 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 The US Dollar was the clear beneficiary as another strong payroll number rekindled expectations of a June rate hike by the FED. US stocks fell as did bonds which pushed yields higher across the curve. EUR/USD breached 1.10 before stabilizing ahead of long term support at 1.08 while USD/JPY pushed through 121 before reversing course as the stock selloff intensified.
Equity DAX 30 DOW 30 German stocks rose marginally while US Stocks plunged, a move that raises the spectre of investor asset reallocation.
Commodity Natural Gas Gold Gold had its largest daily decline in well over a year as the prospect of higher rates eroded its attractiveness.
  • 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 030815

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

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DOLLAR 030815

Topics: Pivot Points, Asian session

 

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