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Technical Analysis Weekly: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Apr 3, 2015 8:00:00 PM

April 04, 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 EURAUD AUDCAD A trend of positive Eurozone economic data surprises coupled with weaker trending US data, punctuated by the anemic payroll number, has given the Euro, which just posted the worst quarterly performance since inception, a bid against the US Dollar and most of the majors.
Equity China H Share Nasdaq 100 Chinese stocks spiked higher after PBOC Governor Zhou Xiaochuan stated that there was scope for further monetary policy easing if the economy continues to underperform. US indices fell on worries that the economy might be losing momentum even as the FED is poised to begin tightening.
Commodity Natural Gas Heating Oil Natural gas prices jumped after the EIA report showed that inventories had shrunk more than forecast. Crude price slumped sharply on news that a nuclear deal had been reached with Iran before rebounding. 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.
  • 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 040315 w

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

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DOLLAR 040315 w

Topics: Asian session, Pivot Points Weekly

 

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