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

Posted by Akhilesh Ganti on Jul 11, 2015 9:00:00 PM

July 11, 2015 (Weekly)Pivot points, Support & Resistance levels, Fibonacci Reversal levels, Chart of Interest, Dollar Index, Equity Indices & Commodity weekly performance chart by WorldWideMarkets.

  • Weekly Currency Performance - (Strongest to Weakest)

FX Strength 071115 resized 600

Market Best Performer Worst Performer Comments
Forex EURAUD AUDNZD Euro ended the week as the best performing major buoyed by optimism that last minute Greek concessions might resolve the standoff with EU creditors.
Equity EU Stoxx 50 China H Share European indices rebounded after posting their worst weekly performance of the year fueled by optimism that a resolution to the Greek crisis may be at hand. Chinese stock meltdown continued at the beginning of the week until the government stepped in and forbade stock selling. Guess that's "another" interpretation of "FREE" markets.
Commodity Natural Gas US Crude Oil (WTI) Crude oil prices fell again as oil producing countries, like Iran, continue to pump out more than the market currently needs.
  • 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 period. If the market on the following period 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 071115 w
  • Chart of Interest - EUR/AUD Weekly(click to enlarge)

Chart euraud W 071115
  • Equity Indices, Commodities & USD -vs- Majors Weekly performance(click to enlarge)

DOLLAR 071115 w

Topics: Pivot Points, Asian session, Weekly

 

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