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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Mar 17, 2015 8:00:00 PM

March 18, 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 EURGBP NZDJPY US Dollar was lower -vs- the majors ahead of the release of the FED minutes. The WHAT, which is that rates will be going higher, is firmly ingrained with traders, the only question remaining is the WHEN. The strength of the recent non-farm payroll data reignited talk of a June hike and tomorrows minutes will either foster that thought or squash it completely based on whether the word "patience" is included in the missive or not. The price action over the past two sessions in indicative of a market that is preparing itself for a surprise. 
Equity FTSE 100 DAX 30 Gains in energy stocks propelled UK indices higher while a less than expected ZEW print pressured the German index.
Commodity Natural Gas US Crude Oil (WTI) Reports of US inventories continuing to buildup sent crude to 6 year lows.
  • 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 051815

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

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DOLLAR 051815

Topics: Pivot Points, Asian session

 

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