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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Apr 2, 2015 8:00:00 PM

April 03, 2015 (Daily)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 daily performance chart. {updated at 00:00:00 UTC}

Market Best Performer Worst Performer Comments
Forex EURAUD AUDNZD Aussie was the worst performing major as the market continues to ramp up rate cut expectations for the upcoming (April 7) RBA meeting.
Equity China H Share DAX 30 Chinese stocks continue to receive a bid as the market prices in further monetary policy stimulus measures. 
Commodity Natural Gas Heating Oil  Crude price slumped sharply on news that a nuclear deal had been reached with Iran before rebounding to end the day marginally lower. The consensus seems to be that sanctions would also be lifted which would offer Iran the opportunity to export more oil than it does right now. Natural gas prices jumped after the EIA report showed that inventories had shrunk more than forecast.
  • 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 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. The Fibonacci retracement is the potential retracement of a financial instrument's original move in price.

(click to enlarge)

FOREX 040315

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

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DOLLAR 040315

Topics: Pivot Points, Asian session

 

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