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Technical Analysis Daily: FX, Stocks, Commodities; Chart of Interest

Posted by Akhilesh Ganti on Apr 15, 2015 8:00:00 PM

April 16, 2015 (Daily)Pivot points, Support & Resistance levels, Fibonacci Reversal levels, Chart of Interest, Dollar Index, Equity Indices & Commodity daily performance chart by WorldWideMarkets. {updated at 00:00:00 UTC}

Market Best Performer Worst Performer
Equity China H Share Nifty 50
Commodity US Crude Oil (WTI) Gold
  • 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 on 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 reversal of a financial instrument's original move in price.
    (click to enlarge)

FOREX 041615
  • Chart of Interest- {WWM's New ALPHA Trader} > USD/CAD (Daily) <
    click to enlarge)
    Tax day in the US proved to be quite taxing for the US Dollar. The Canadian currency surged vs. the majors after the BOC left rates unchanged and Governor Poloz stated that no further cuts are imminent given that, in their view, domestic economic growth is poised to rebound. Couple this with another tepid economic data release from the US (Industrial Production posted its biggest decline since May 2014) and USD/CAD fell to its lowest level since January 21, 2015, which was the date of the last surprise rate cut.

    Click on link for USD/CAD Technical Analysis by Steven Hatzakis

Chart usdcad D 041615
  • Equity Indices, Commodities & USD -vs- Majors Daily performance
    (click to enlarge)

DOLLAR 041615

Topics: Pivot Points, Asian session


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