WWM - Analytics

    WWM

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    Technical Analysis: Forex, Equities, Commodities; Chart of Interest

     

    April 08, 2015 (Daily)Pivot points, Support & Resistance levels & Fibonacci Reversal levels for Equity Indices, Commodities, Dollar Index and currency pairs offered by WorldWideMarkets, Chart of Interest, and USD, Equity Indices & Commodity daily performance chart. {updated at 00:00:00 UTC}

    Market Best Performer Worst Performer Comments
    Forex AUDJPY EURAUD Aussie spiked higher across the board as the RBA left rates unchanged, a move that was expected by economists but surprised a market that was anticipating a more proactive central bank. The consensus is that the RBA will have to lower rates soon given that domestic economic growth continues to flounder and China's, THE major trading partner, economic fortunes appear a bit murky as well.
    Equity FTSE 100 S&P 500 UK indices were propelled higher by a jump in energy stocks, improving economic data and expectations that rate hikes will begin later rather than sooner. US indices were marginally lower after many top analysts slashed earnings estimates for both 2015 & 2016.
    Commodity US Crude Oil (WTI) Silver Crude oil prices rose again as EIA's monthly report forecast higher demand and lower supply globally. 
    • 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.

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    FOREX 040815

    • Chart of Interest - US Crude Oil (WTI){WWM's New ALPHA Trader}(click to enlarge)
      The price action over the past few weeks appears to be carving out a "double bottom" technical pattern. If this comes to fruition, a clear breach of the 54.10/30 range would be needed, the market could target $67.11, which is the 38.2% retracement level of the decline from $107.64 (June 2014 high) to $42.01 (March 2015 low)

    USCrudeOil 040715

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

    (click to enlarge)

    DOLLAR 040815

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