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Technical Analysis Weekly: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Mar 20, 2015 7:45:00 PM

March 20, 2015 (Weekly)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and currency pairs offered by WorldWideMarkets and USD, Equity Indices & Commodity weekly performance chart. {updated at 00:00:00 UTC}

Market Best Performer Worst Performer Comments
Forex NZDUSD USDCHF An interesting and volatile week ends with the US Dollar on the defensive. Traders continue to react to FED chair Yellen's statement and appear to have concluded that the FED would prefer to see dollar strength reined in a bit or, at the very least, not get out of control. Analysts are pointing to veiled references in both the prepared statement, which cited a decline in export growth, and press conference to support this premise.
Equity China H Share EU Stoxx 50 Chinese stocks rose, hitting 7-year highs, as investors expect the government to unveil additional stimulus to support the economy. European stocks were lower for the week though they rose on Friday as mid-week losses were mostly erased.
Commodity Silver Heating Oil USD's decline saw commodity prices rise.
  • 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 week. If the market in the following week 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 032015 w

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

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DOLLAR 032015 w

Topics: Asian session, Pivot Points Weekly

 

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