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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Mar 19, 2015 8:00:00 PM

March 20, 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 USDCAD EURUSD The US Dollar staged an impressive rebound one day after getting shellacked by FED chair Yellen's dovish comments. The initial reaction was to get out of long Dollar positions but, once the dust settled, traders reassessed the global landscape and appeared to conclude that while there may be uncertainty surrounding the timing, the FED is still on a tightening path while the rest of the major central banks' are in the throes of QE.
Equity China H Share Nifty 50 Chinese stocks rose buoyed by Wall Street's gains while Indian stocks fell for the second consecutive session.
Commodity US Crude Oil (WTI) Heating Oil  Crude was lower but the new front month contract, which is May, is priced at a higher level than April's.
    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 032015

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

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DOLLAR 032015

Topics: Pivot Points, Asian session


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