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Technical Analysis Weekly: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Mar 28, 2015 12:30:00 AM

March 28, 2015 (Weekly)Pivot points, Support & Resistance levels & Fibonacci Reversal 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 EURGBP GBPCHF Euro tested key resistance at 1.1050  but was rebuffed as profit taking sent the common currency back to the 1.08 level where buyers stepped in and pushed the rate back to 1.09 to end the week. Swiss Franc surged across the board as traders concluded that the SNB will not be increasing their negative deposit rates. Yen strengthened as global turmoil gave the unit a safe-haven bid.
Equity Hang Seng Nasdaq 100  The spate of underwhelming economic data, and the concerns that it raises about US growth, sent US stocks sharply lower. British stocks slumped on valuation fears.
Commodity US Crude Oil (WTI) Natural Gas Saudi air strikes in Yemen against Iran backed rebels sparked oil supply disruption fears and sent crude prices ratcheting higher.
  • Pivot Points & Fibonacci Retracement Levels
    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. The Fibonacci retracement is the potential retracement of a financial instrument's original move in price.

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FOREX 032815 w

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

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DOLLAR 032815 w

Topics: Asian session, Pivot Points Weekly

 

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